BTC 4H Higher Low Watch

27 ม.ค. 2020

Bulls with a solid end to the week last night, and just looking for a 4H higher low ideally holding the EMA12 support. Daily lower high resistance is still intact and we will have to see those resistances break if we are going to have confidence in weekly consolidation being delayed. Bulls are either in positions, looking for entry on this 4H consolidation, or waiting for the daily lower highs to break for the bulls to prove their strength.

Significant stock market weakness and gold strength this morning but not much impact on BTC doing its own thing. I will continue to monitor for correlations, which has been few and fleeting over the last couple years.

BTC.D dominance chart remains in a tightening range, looking for a break sometime in the next few days. Bulls looking for a daily higher low there for a continued tightening range.