BTC bulls broker the daily equilibrium bullish, but I must admit the fact that it happened in a 20 minute bull move and has not seen any continuation, is a red flag to me. We have to break the high of the initial bounce at $4,239 in order to see a clear break and follow through. This is still 5-6% away at this point. ETH and LTC have both shown what a clear daily break and follow through look like. Many daily inside bars potentially forming if we cannot see continuation to higher highs. Loss of the 4 hour uptrend would be another red flag for bulls. We are seeing the first daily EMA 12 and 26 bull cross in a long time, but again without breaking that resistance level the bulls do not PROVE anything to me.
BULL season coming!! What do you guys think about this chart?
cryptochemistry
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thanks Dan
UnknownUnicorn1626565
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Pattern Cup & handle! Please support like)
CryptoFido
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asgcorp
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this is great, but alts will produce better gains soon, better get ready now.
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jerry2000
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Because waiting for the $4,239 break leaves trader behind again...
jerry2000
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Thanx Dan. Did you enter a position on any of the names now in consolidation?