BTC bulls broker the daily equilibrium bullish, but I must admit the fact that it happened in a 20 minute bull move and has not seen any continuation, is a red flag to me.
We have to break the high of the initial bounce at $4,239 in order to see a clear break and follow through.
This is still 5-6% away at this point.
ETH and LTC have both shown what a clear daily break and follow through look like.
Many daily inside bars potentially forming if we cannot see continuation to higher highs.
Loss of the 4 hour uptrend would be another red flag for bulls.
We are seeing the first daily EMA 12 and 26 bull cross in a long time, but again without breaking that resistance level the bulls do not PROVE anything to me.
We have to break the high of the initial bounce at $4,239 in order to see a clear break and follow through.
This is still 5-6% away at this point.
ETH and LTC have both shown what a clear daily break and follow through look like.
Many daily inside bars potentially forming if we cannot see continuation to higher highs.
Loss of the 4 hour uptrend would be another red flag for bulls.
We are seeing the first daily EMA 12 and 26 bull cross in a long time, but again without breaking that resistance level the bulls do not PROVE anything to me.
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