TheChartGuys

BTC 4 hour consolidation

COINBASE:BTCUSD   Bitcoin
ETH and LTC stealing the show the last 18 hours with blue sky breakouts while BTC consolidates.
Still healthy consolidation on the 4 hour chart with $16,300 being the most important support today.
We have two bounces from this range and a break would have us looking to $16,000.
The bulls will need to break $17,100 and 17,500 to prove they are back in control on their market to all time highs.
Daily equilibrium pattern lower high appears to be set yesterday, so watching for continued consolidation.
Eyes on LTC again this morning with tons of strength.

Checkout our full trading resources online www.chartguys.com

Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.