Sorry for no chart updates over weekend but not a whole lot going on anyways in the charts. Last chart, we had hit $6738 and I was looking for the bulls to be topping out soon after that. Bulls got up to $6823 before beginning to consolidate here. 4 Hour chart began forming lower highs and lower lows and has now broken below EMA support. Daily chart is holding right at EMA support as well as 50 Day MA. Daily has plenty of breathing room as it is looking to form a higher low compared to $6106 but obviously the higher, the better, as then the bulls would be looking for a higher high compared to $6823. 4 Hour chart, would ideally like to see the bulls hold $6337 and perhaps set this consolidation low down around $6400-6500. Personally have been back to cash since Friday and will await the next trade setup. Weekly remains well within our equilibrium. Too early to call $6823 as the lower high there in my opinion but very well could be.
Just My 2 Sats!
Just My 2 Sats!
