TheChartGuys

BTC Hourly Inside Bars

COINBASE:BTCUSD   Bitcoin
BTc Hourly inside bars forming as the bulls are trying to establish a higher low and higher high on the hourly.
This would lead to continuation on the bounce from the dump last night, which has not seen much follow through.
We are not consolidating on the 4 hour and daily chart, and we will anticipate a higher low to form on the daily.
In order for the bears to take over on the daily chart, in my opinion it will be with a higher low forming, then a lower high and lower low.
This will shift momentum on the daily back to the bears, IF it happens of course.
For now we are more cautious and waiting for oversold conditions on the 15 min and hourly if we see continued downside.

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