TheChartGuys

BTC 4 Hour Higher Lows are Key

COINBASE:BTCUSD   Bitcoin
Nice Job by bulls to continue defending the 4 hour uptrend while most other names like ETH and LTC have lost the uptrend.
Due to the notable lack of bull volume I personally am expecting a 4 hour lower high this morning and a potential equilbrium.
Bulls continue to buy oversold conditions, this time it was the 15 minute time frame that formed our last 4 hour higher low.
When we lose the 4 hour uptrend we will look for hourly oversold conditions to be a trade opportunity.
Currently back to all cash in swing positions after the pullback last night.
Entries continue to favor shorter term oversold conditions vs. buying bull breaks.
When the 4 hour uptrend is lost we will zoom out to the daily and look for a higher low.

Checkout our full trading resources online www.chartguys.com

Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
Aviso legal

As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.