BTC Tightens After Liquidations

With the big drop yesterday in BTC and more notably alts, we are seeing the standard tightening ranges of the equilibrium pattern that results when you have significant volatility in both directions.

If we break bull this morning, we will zoom out and scout a 12H lower high, and the daily chart will continue to tighten up as well, heading for a break to end this week.

If this hourly range breaks bear, we will look to test recent lows in the 94ks.

Note we are seeing BTC.D bounce on the weekly as alts drop into weekly consolidation, as highlighted as one of the more likely potential paths forward in our recent live stream on youtube.