BTC Continues to Tighten
We are seeing BTC test and hold EMA 12 support on the 4 hour and daily inside bars form.
This is still extremely healthy consolidation and the fact that we are still holding up here is a testament to bullish strength.
Bulls are sitting pretty as a bear break leads to a daily higher low and a bull break leads to continuation to $7,777 resistance.
Notice the continued fade on other coins while BTC holds up strongest. The theory of the ETF having an impact on lack of profit taking is clear.
Any entries on bull breaks should have short term mindsets and be day trades at these levels in my opinion.
For longer term positions bulls want to see some healthy daily consolidation.
Currently patiently holding a solid piece of BTC as a swing position core and waiting for clear setups to trade available cash.
This is still extremely healthy consolidation and the fact that we are still holding up here is a testament to bullish strength.
Bulls are sitting pretty as a bear break leads to a daily higher low and a bull break leads to continuation to $7,777 resistance.
Notice the continued fade on other coins while BTC holds up strongest. The theory of the ETF having an impact on lack of profit taking is clear.
Any entries on bull breaks should have short term mindsets and be day trades at these levels in my opinion.
For longer term positions bulls want to see some healthy daily consolidation.
Currently patiently holding a solid piece of BTC as a swing position core and waiting for clear setups to trade available cash.
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