BTC Daily Inside Bar
The 4 hour line in the sand support broke yesterday, leading to a dump and 15 min RSI in the teens as hourly RSI hit right above 30.
First hourly oversold bounce from a 7 day bull run got a lot of bounce follow through as is usually the case.
Now we have a daily inside bar and I am watching the "Higher low every day" pattern.
A break of $11,187 today would lose that pattern and have us looking for the daily higher low. If the inside bar today holds, it will require a break of today's low to see clear daily consolidation. I played the oversold bounce for a quick flip, and still patiently waiting all cash for a more clear setup. Bears are watching for a 4H lower high to try and top fish $12,320 resistance.
First hourly oversold bounce from a 7 day bull run got a lot of bounce follow through as is usually the case.
Now we have a daily inside bar and I am watching the "Higher low every day" pattern.
A break of $11,187 today would lose that pattern and have us looking for the daily higher low. If the inside bar today holds, it will require a break of today's low to see clear daily consolidation. I played the oversold bounce for a quick flip, and still patiently waiting all cash for a more clear setup. Bears are watching for a 4H lower high to try and top fish $12,320 resistance.
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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
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.