Potential 4 hour bull flag as the bulls are trying to confirm the 4 hour trend change after a significant bounce.
After adding BTC and ETH yesterday morning on weakness, I exited half of both last night as I was unable to watch for 10 hours and was sitting on a 4 day maker in just 12-14 hours.
I am currently still holding the 2nd halves of those positions and looking to exit on the loss of the 4 hour uptrend, which would indicate our daily lower high has been set.
Bears are waiting for a loss of the hourly uptrend at the least.
I expect to trade within the current set ranges into the weekend.
Tightening ranges mean less aggressive trading as volume and volatility decrease.
After adding BTC and ETH yesterday morning on weakness, I exited half of both last night as I was unable to watch for 10 hours and was sitting on a 4 day maker in just 12-14 hours.
I am currently still holding the 2nd halves of those positions and looking to exit on the loss of the 4 hour uptrend, which would indicate our daily lower high has been set.
Bears are waiting for a loss of the hourly uptrend at the least.
I expect to trade within the current set ranges into the weekend.
Tightening ranges mean less aggressive trading as volume and volatility decrease.
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