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TheChartGuys
Oct 5, 2018 11:18 AM

BTC Bulls Still Need Follow Through  

Bitcoin / United States DollarCoinbase

Description

We are still seeing the bulls grind EMA 4 hour support, but they have to break the lower highs to see continuation and shift momentum.
The bears continue to hold the upper paw as long as the lower highs remain.
The daily chart continues to tighten and this weekend it will be worth watching other alt coins in daily equilibriums to see if we have any initial movers for clues.
As the video yesterday alluded to, we are likely to see things get very tight and boring just before a volume and volatility spike.
We must stay vigilant for this reason! I will look to set a potential stop buy order if we get another clear daily lower high.
Comments
Ariex
Does it looks like there's some BTC accumulation going on? on smaller time frames there seems higher buying volume than dumping on each dip.
Bosco16
Next time I’m you tube Can you give example of where the stop buy would be - and what variance you place between stop and limit when you stop buy ? (I usually stop limit sell).
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