TheChartGuys

BTC Hourly Range Tightens

COINBASE:BTCUSD   Bitcoin
After a bearish reaction to the fork block there was not an all out dump as we did not hit hourly oversold RSI levels.
Bulls now have a higher low as they are trying to reverse the trend, and the range will tighten throughout the morning.
Alts, ETH and LTC were the big winners as some money left BTC and flowed elsewhere.
Watching today close for continuation of these moves which currently has BTC inverse to almost everything else.
Longer term bulls still holding very well.

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