BTC Bulls need to show up this morning to set a higher low on the 4 hour chart after a handful of low volume healthy consolidation candles overnight.
We are looking for a higher low and possible 4 hour equilibrium if the bull move is significant enough.
Things are still very slow in the space as there was a lack of follow through on the bull move yesterday.
Some traders hypothesize there is an intentional design to keeping low volatility for potential ETF listing requirements but this is just speculation.
A weak bounce attempt and drop back down to lower lows on the 4 hour would be a big red flag for bulls that all momentum from yesterday is lost.
Still in a small position from yesterday as my stop loss, losing the 4 hour uptrend, has not been hit.... though I certainly dont have high hopes!
We are looking for a higher low and possible 4 hour equilibrium if the bull move is significant enough.
Things are still very slow in the space as there was a lack of follow through on the bull move yesterday.
Some traders hypothesize there is an intentional design to keeping low volatility for potential ETF listing requirements but this is just speculation.
A weak bounce attempt and drop back down to lower lows on the 4 hour would be a big red flag for bulls that all momentum from yesterday is lost.
Still in a small position from yesterday as my stop loss, losing the 4 hour uptrend, has not been hit.... though I certainly dont have high hopes!
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