BTC 4H Bull Flag Attempt
Bulls remain very strong in the short term with no red flags. Coinbase 4H inside bar broke bearish with no follow through, making it a possible bull flag. Other exchanges did not break it bearish so we just have multiple inside bars. In either scenario the burden of proof remains on the bears, who have been nonexistent for 3 days.
For every $100 higher we see over $9,200, the odds of our monthly equilibrium thesis increase. This creates more space for the bulls off the lows, as they try and make their way to the midway point between $6,430 and $13,800s.
Eyes remain on BTC.D chart as the daily equilibrium tightens and we wait for a break later this week to determine if BTC or Alts are the best way to play the bulls.
For every $100 higher we see over $9,200, the odds of our monthly equilibrium thesis increase. This creates more space for the bulls off the lows, as they try and make their way to the midway point between $6,430 and $13,800s.
Eyes remain on BTC.D chart as the daily equilibrium tightens and we wait for a break later this week to determine if BTC or Alts are the best way to play the bulls.
Checkout our full trading resources online chartguys.com
Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.