Bulls in full control breaking to higher highs and heading right to the zone everyone is watching in the $6,000s.
Every time we head to higher highs, some bears waiting for a new low of year are converted.
Every time we head to higher highs, the odds shift a bit more to favor the bottom being in.
ETH and LTC have clearly formed weekly higher lows, while BTC has yet to consolidate for a weekly higher low.
We will continue to monitor the 4 hour uptrend to keep the bulls in complete control.
Bears need to patiently wait to have resistances to trade against but I personally would need to see a loss of the 4 hour uptrend to indicate daily consolidation coming.
Time frame trends:
Yearly: Uptrend
Monthly: Downtrend
Weekly: Uptrend
Daily: Uptrend
4-Hour: Uptrend
Hourly: Uptrend
Ask yourself... are you fighting the trend?
Every time we head to higher highs, some bears waiting for a new low of year are converted.
Every time we head to higher highs, the odds shift a bit more to favor the bottom being in.
ETH and LTC have clearly formed weekly higher lows, while BTC has yet to consolidate for a weekly higher low.
We will continue to monitor the 4 hour uptrend to keep the bulls in complete control.
Bears need to patiently wait to have resistances to trade against but I personally would need to see a loss of the 4 hour uptrend to indicate daily consolidation coming.
Time frame trends:
Yearly: Uptrend
Monthly: Downtrend
Weekly: Uptrend
Daily: Uptrend
4-Hour: Uptrend
Hourly: Uptrend
Ask yourself... are you fighting the trend?
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
Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social