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BTC is still trading fairly sideways as we watch for the daily inside bar to break.
EMA 12 support has been holding since the wildness 2 days ago and is currently being tested again this morning.
Yesterday on coinbasepro there was some wild bot battle action with high volume, if you zoom in you can see it.
Unusual for us to see this much volume on coinbasepro ...
BTC bulls are slowly climbing a bit after the Tether situation has settled down.
We are watching arbitrage slowly bring exchanges back in line with each other though there are still some discrepancies.
I entered an initial position with the break of the hourly equilibrium from yesterday at $6,425 and will use the 4 hour higher lows as my stop.
Daily inside bar ...
Okay. Deep breaths.
It is my understanding, that the fear in USDT capitulated with a race to the exit.
To exit USDT people were buying crypto, and moving it off exchange.
The buying of crypto led to huge surges in crypto prices on USDT exchanges.
The selling of the moved crypto funds back into USD is leading to consolidation.
I currently am charting USD and ...
BTC trading mostly sideways on this bounce while the EMAs drop.
the the past this kind of setup is almost as if the bears just wait for EMA resistance to make their next move.
We are not close to making back the dump, and the bears are still comfortable.
Lose the hourly higher low pattern and it will be the first signal the bears are back in control to head to ...
BTC yesterday as highlighted in the video had the bears very comfortable with a worst case scenario of a 4 hour equilibrium.
The bears came out on top and dropped the price to lower lows, leading to a dump and break of supports.
We are now looking for a daily support level to form, but we have to continue to keep in mind that the bears have favor in this setup. ...
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. ...
The daily chart continues to tighten on low volume as we know a break is imminent early this week.
The bulls are trying to form a daily higher low, and a break of $6,585 would confirm our daily higher low is set.
Note all short term time frames lower than the daily are a bit choppy, though the 4 hour can give us a bit more clarity for ...
We are still seeing the bulls grind EMA 4 hour support, but they have to break the lower highs to see continuation and shift momentum.
The bears continue to hold the upper paw as long as the lower highs remain.
The daily chart continues to tighten and this weekend it will be worth watching other alt coins in daily equilibriums to see if we have any initial ...
BTC saw a pump last night that only lasted about 10 minutes in terms of the significant part of the move.
Since then we have consolidated for 9 hours giving some of the move back.
This is still healthy consolidation on the 4 hour and even a potential bull flag.
Bulls are trying to hold the back test of 4 hour EMA supports.
We are still in a 4 hour lower high ...
We saw a break of daily support last night, which has shifted the daily momentum.
The bulls are pleased there was not any significant follow through on the break, but it is clear the bulls are struggling a bit.
From here on most coins the bears have control as long as the 4 hour chart is setting lower highs. Step 1 is to change the 4 hour trend.
We are fading ...
BTC continues to tighten in the daily equilibrium as both bulls and bears remain patient.
With a bull break we look to $7k and the weekly lower high of $7,400. With a bear break $6,000 should be tested.
We are looking for a break either today or tomorrow and this morning the bears are starting with a bit of momentum.
Multiple tops on the 4 hour show a rejection ...
BTC is bouncing but it is not doing much impressive on the 4 hour chart.
We are making our way to test EMA resistance for the first time on this move.
If we reject and just set a 4 hour lower high, the bears remain in complete control.
Some individual alt names like EOS, ETC, XRP, XLM all saw individual pumps and bigger moves than BTC.
The daily inside bar is ...
The loss of the 4 hour higher lows marked the top on the daily chart and the bears are dropping the price significantly due to lack of support.
The bulls will have to change the 4 hour trend back in their favor in order to be looking for a tightening daily range.
On any bounce we will be looking for a 4 hour lower high to keep the bears in control.
The odds are ...
After a daily inside bar bear break, and loss of 4 hour higher lows, we are now seeing daily consolidation on BTC.
We are back testing EMA support, and so far the bulls are buying the hourly oversold RSI dip from the support break.
We have to be cautious as there is a lack of support in this area. Bulls need to change the hourly trend to be looking for our daily ...
After some time on the defense and BTC bulls holding supports, we finally see some offense.
Significant bull break on the daily over $6,580 to bring us to the middle of the weekly range.
This is going to make the next few weeks VERY interesting.
The move from crypto to MJ was very clear last year, and the potential for a clear move back from MJ to crypto may ...
This is the range I am watching today for short term action on BTC.
The bulls MUST see a break to continue proving themselves as the bears remain comfortable on all longer term time frames.
The 4 hour, daily and weekly are all still forming lower highs.
With a bear break we will continue to erase that little bounce from yesterday, and we will be right back to ...
After the dump yesterday the bounce has not been very impressive for the bulls.
It is currently a potential bear flag on the 4 hour and even if the bulls can negate it and see bounce continuation, we still have 4 hour EMA resistance to deal with.
The bulls backs are against the wall and the bears are eyeing the 3 key daily and weekly support levels all within ...
Bulls have been buying the dips the last couple days but not seeing a lot of follow through on any continuation attempts.
This gives us a clear 4 hour equilibrium with a double bottom at 6,411 as well.
With a bear break, we will likely have seen our daily lower high which will be a bit disappointing for the bulls not getting to the mid-way point of the weekly ...