Tons of fake outs and wicks on BTC. Not as many on ETH and other names.
Very clear pattern to be watching with no fake outs at this point.
Looking for a break of this 4 hour tightening range sometime today to indicate continuation of the bounce or daily consolidation.
Traders being patient and waiting for breaks if not already in positions, but must be cautious and watch BTC for potential fake outs.
Last 2 days we have seen bull pumps 2 hours from now, and keeping an eye out for a repeat.
Bull break of the 4 hour EQ will result in a 4 hour bull MACD cross which would have bulls set their sights on $500.
Very clear pattern to be watching with no fake outs at this point.
Looking for a break of this 4 hour tightening range sometime today to indicate continuation of the bounce or daily consolidation.
Traders being patient and waiting for breaks if not already in positions, but must be cautious and watch BTC for potential fake outs.
Last 2 days we have seen bull pumps 2 hours from now, and keeping an eye out for a repeat.
Bull break of the 4 hour EQ will result in a 4 hour bull MACD cross which would have bulls set their sights on $500.
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