BTC 4 Hour Equilibrium Bull Break
Bounce finally getting some follow through, but straight into 4H EMA 12 resistance. If we see this 4H trend change get no follow through, we will be looking for a bear flag on the daily. If we get over EMA resistance, we zoom out and look for a daily lower high and watch daily EMA resistance.
Currently still riding my 1 fill from $7,311 and will look to sell a daily lower high. Reminder previous support $7,700 can now act as resistance as well.
Other coins like XRP, BNB have seen much better oversold bounces than BTC, and others like LINK are still holding daily up trends. We would have to see the BTC.D dominance chart break the falling wedge bullish for attention to be back on BTC vs. alts.
Currently still riding my 1 fill from $7,311 and will look to sell a daily lower high. Reminder previous support $7,700 can now act as resistance as well.
Other coins like XRP, BNB have seen much better oversold bounces than BTC, and others like LINK are still holding daily up trends. We would have to see the BTC.D dominance chart break the falling wedge bullish for attention to be back on BTC vs. alts.
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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
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.