Highlighted in the video yesterday, the 4 hour equilibrium is playing out as anticipated.
Looking for a break this morning for direction today.
I personally am anticipating a bear break, but not making any moves until the actual break to ensure maximum risk/reward ratio.
If we see a bear break we will consolidate further on the daily back to the lower $8,000s.
There was a pretty strong correlation to the S&P500 on the 5 min chart yesterday I will put in tonight's video, and watch closely for today.
Look for a volume spike on the hourly to indicate a break of the range.
I will not be making any entries until we see hourly RSI in the 20s on BTC, if we bear break.
Same play as yesterday for me if that is the case.
Looking for a break this morning for direction today.
I personally am anticipating a bear break, but not making any moves until the actual break to ensure maximum risk/reward ratio.
If we see a bear break we will consolidate further on the daily back to the lower $8,000s.
There was a pretty strong correlation to the S&P500 on the 5 min chart yesterday I will put in tonight's video, and watch closely for today.
Look for a volume spike on the hourly to indicate a break of the range.
I will not be making any entries until we see hourly RSI in the 20s on BTC, if we bear break.
Same play as yesterday for me if that is the case.
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