TheChartGuys

BTC 4 Hour EMA Resistance Test

COINBASE:BTCUSD   Bitcoin
Bulls got over hourly EMA resistances, so we zoom out to the 4 hour and watch EMA resistance be tested.
We are anticipating a lower high will be set today, and it will be up to the bulls to form a higher low and see continuation to change the 4 hour trend for the bulls.
If this occurs, we zoom out to the daily and look for the same thing.
ETH has my attention with the clear 4 hour lower highs, and the need to form a weekly higher low above $100 to remain in the equilibrium pattern.
Bears are scouting entries. More aggressive are looking to enter at 4 hour EMA resistance, more patient bears are waiting for the daily lower high to be set.

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