TheChartGuys

BTC Bulls Still in Control

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
We did not get the higher high that the bulls were looking for to see continuation on the daily chart ,
and as a result we are now consolidating on the 4 hour chart, needing to form a higher low.
I will consider the bulls in control as long as the lines of support here hold,
and we should have a new 4 hour higher low to watch later today if the bulls are to remain in control of this chart.
It looks like we may need to wait until tomorrow to see if resistances are broken,
or we lose 4 hour higher lows and the daily chart continues to reject from 12 and 26 EMA resistance.
Stopped out with the hourly loss of higher lows last night and watching for a setup to re-enter on.
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