TheChartGuys

BTC 4 Hour Range Set

COINBASE:BTCUSD   Bitcoin
Healthy consolidation as bulls try and form a 4 hour higher low.
EMA 12 and 26 support is catching up and we are likely to see an equilibrium tightening range form today.
The Hourly chart hitting a lower high and lower low, without getting much follow through, is also a good sign for bulls.
Both longs and shorts have been closing out leveraged positions during the most recent consolidation.
If the bulls cannot see continuation today, we will have a daily inside bar.
Still holding 2/3 my BTC position and I will look to exit if the current low of consolidation breaks.

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