BTC Bulls Battle for Daily Higher Low

The fear index is crushed as the bulls battle to hold the daily equilibrium and try and form a higher low heading into the weekend. If bulls fail we will likely head to daily oversold conditions and a $9,000 test. If they are able to hold we will likely see a break of the range Saturday or Sunday.

Still all cash and patiently waiting for the tightening range to break before considering doing anything.

Keep an eye on ETHBTC, it is forming a very nice daily equilibrium. Best case for bulls would be for both BTCUSD and ETHBTC to break bullish this weekend. Remember if we see ETHBTC break bull but BTCUSD break support, that just means ETHUSD is not going down as fast as BTCUSD.

This is the time to have a game plan for a break in either direction, and write it down physically in front of you to keep yourself accountable. What will do you on a bear break? Where will you look to enter? What is your target? Same for a bull break.