Tightening ranges on daily inside bars are we look for a daily lower high to be set.
With a bear break it will be set and we will have a new resistance level, the top of the bounce.
With a bull break we will test daily EMA resistances and be patiently waiting for the lower high to be set.
Bulls never got the 4 hour follow through with a higher low and higher ...
BTC Bulls saw a break yesterday after days of weakness but have yet to see follow through on the 4 hour with a higher low and higher high.
We need to see bulls follow through with this to zoom out to the daily and look for a lower high there.
Still back testing and trying to cling on to 4 hour EMA support. As well as closing in on a 4 hour EMA 12 and 26 bull ...
BTC has rejected from this resistance 3 times now as it remains our guide.
The 4 hour chart is currently a potential bear flag again and we will be watching for the drop to a lower low and bounce play.
This is when we see a break of support and quick buying of the dip to get the bounce going.
I personally do not play those moves bullish as hey usually happen ...
Clear bear break yesterday has led to a slow grind bounce.
Looking for a 4 hour lower high to be set as the RSI slowly recovers from oversold.
4 hour EMA resistance on watch as it continues to drop down.
Short are likely to try and act on the 4 hour bear flag at some point today, we will see if bulls can defend support.
After the dump yesterday, sentiment in ...
A flash flush last night taking most everything down a notch was marked by a loss of the 4 hour uptrend on BTC.
I honestly am surprised the bulls held up so long after their failed bull break attempt.
Now we are back to consolidation on the daily for most names, and bulls need to be cautious trying to buy dips.
The reason being, we are just looking for weekly ...
A 4 hour higher low formed yesterday, and we are still in a tightening range.
Another day where bulls are "fine" holding their ground, but also not proving anything in terms of strength.
Continuing to watch other coins like LTC for any potential lead indications.
Volume continues to be the key missing ingredient for bulls, which would need to stand out on the ...
We dropped to a lower low on the 4 hour overnight, but the bulls bought the dip to maintain 4 hour EMA support.
We must see continuation to break the high of the bounce at this point.
Possible we just see continued sideways trading within this 4 hour channel today.
ETH weaker than BTC and LTC stronger. Keep an eye on LTC and other alts as potential lead ...
BTC bulls broker the daily equilibrium bullish, but I must admit the fact that it happened in a 20 minute bull move and has not seen any continuation, is a red flag to me.
We have to break the high of the initial bounce at $4,239 in order to see a clear break and follow through.
This is still 5-6% away at this point.
ETH and LTC have both shown what a clear ...
BTC remains in the daily equilibrium so nothing to update there until it breaks.
ETH bulls are positioned very well in correlation.
If this pattern follows through we should see a bull break into a lack of resistance over $160.
I personally have a stop buy set and the first thing I will do if it triggers, is ensure that BTC bulls are breaking bullish as well ...
Day 8 we are trading within this sideways daily channel, and we know a break is imminent within a few days as things cannot get much tighter.
Zooming out allows us to smooth out patterns and skip some of the more choppy action seen on the 15 min or hourly.
How this channel breaks will significantly shift the odds as to whether or not we see continuation on the ...
BTC is a bit of a 4 hour equilibrium the last couple days as we continue to tighten.
There continues to be tons of fake outs so stop losses on shorter term time frames will drive you insane.
As I said in the last video, this is an extremely difficult trading environment and stocks are easier than this.
To me, that means dont trade! Wait until conditions are ...
BTC oversold bounce from the dump was slow and lacked bull volume, looking to form just a 4 hour lower high.
I would not be surprised to see little follow through on a bear break initially as I believe a daily higher low bounce attempt is coming within the next day or two.
I currently do not like any bullish position entries as we are floating in the middle of ...
Follow up on the previous video, BTC bulls saw the hourly descending triangle (shown here on the 4 hour chart) break bullish. After the break, we zoom out and see that a 4 hour lower high is likely to form on that bull move.
Now we are watching to see, can the bulls hold support and break to a higher high, changing the 4 hour trend back to the bulls, or do we ...
BTC is giving us a perfect equilibrium which will either dictate a bear break and daily consolidation, or a bull break and continuation.
I personally have a stop set on the rest of my position to trigger if we get the bear break.
We would also likely lose the 4 hour EMA 12 support for the first time on this move, as well as an hourly EMA 12 and 26 bear cross ...
This is the most significant move we have seen in a long time, and it gives bulls plenty of space to form a daily higher low when consolidation does come.
Bulls have a good chance of seeing a bull cross of EMA 12 and 26 on the daily as well as long as daily consolidation is healthy when it comes.
The hourly and 4 hour up trends are clear with ...
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 ...
Currently a triple top at the high of this bounce, with a clear support level that must hold for short term bulls.
Keep in mind that even with a bull break we still have daily EMA 12 resistance waiting.
We are still currently lacking bull volume which is not giving us a whole lot of confidence that progress on the daily is being made.
I personally will be ...
Continuing where the video last night left off, the bulls have to change the 4 hour trend for a daily higher low to be set.
The bulls are defending support and giving us a tightening range in the daily.
EMA 12 resistance on the daily is now back in play as we tighten up, leading to an interesting end of the week!
The bulls have a chance to break the daily lower ...