TheChartGuys

BTC 4 Hour Consolidation

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
After the bull break of the 12H/daily equilibrium, we have limited resistance until the recent high $13,800s.
This morning there was a massive 7,000 BTC sell order on binance walking the price down.
This lead to the 2nd leg down dump, and took the market with it.
Binance was $200 lower than coinbase pro while the order was being chipped away at.
Nice to know the details and some opportunity for those watching and buying the end of the wall as the final orders filled,
but the most important aspect as always are the price levels and right now BTC is in a healthy 4H higher low that did not even touch EMA12 support. If we lose the 4H uptrend we zoom out and look for daily consolidation for a higher low.
The next few days we will be determining the more likely of 2 possible scenarios:
- Break $13.8k for continuation
- Weekly lower high and tightening range through July

Comments

Well done!
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When altcoins season is going to start?

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I like the idea of a tightening range through July. Seems more "healthy" to me.
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thank you for taking the time to share your view, sharing is very important, i also put a lot of time to give the best content, i'm sure you would like it
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