BTC bulls are scouting for a higher low to form after the bull move yesterday.
We will need to see an hourly trend change for us to be confident it has been set.
The more we pull back, the more likely a 4 hour equilibrium is coming today.
Still watching the daily EMA resistance as it drops down each day.
Daily inside bar forming today and if the 4 hour tightens as anticipated we could see it form.
This is the kind of setup first thing that we can look at, see a sideways day most likely setting up, and know to not over trade into decreasing volatility, whether you are a bull or a bear.
We will need to see an hourly trend change for us to be confident it has been set.
The more we pull back, the more likely a 4 hour equilibrium is coming today.
Still watching the daily EMA resistance as it drops down each day.
Daily inside bar forming today and if the 4 hour tightens as anticipated we could see it form.
This is the kind of setup first thing that we can look at, see a sideways day most likely setting up, and know to not over trade into decreasing volatility, whether you are a bull or a bear.
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Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social