TheChartGuys

BTC Equilibrium Resistance Test

COINBASE:BTCUSD   Bitcoin
Key test of the tightening daily Equilibrium as we look for a break today or tomorrow.
Anything under $12,064 is just a lower high and a continued tightening range.
We do not have a volume spike on the daily yet that is letting us know a break is coming, so remaining patient.
ETH bulls already took out some daily resistance levels and ETHBTC is in the spotlight this week to see if the daily lower highs can break.
Currently sitting in some BTC and ETH swing positions for the last few days and I will add on a bull break only if we reject here and continue to tighten for another prolonged period of time.
A test of patience, but it sure helps with the patience game when we can anticipate a tightening range is coming in advance.
This also is a great way to focus on other opportunities either in alt coins not tightening, or stock and other trading vehicles.

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