Yesterdays post we had touched $4350 and I was personally looking for some consolidation as the 4 hour chart was over extended so I had scaled out of 80% of my position and potentially looking to reload on the consolidation. We reached $4365 and then consolidated back to $4078 (so about a 6.5% pullback). Perfectly healthy and expected and then BTC broke out over night (my time) to another higher high at $4415! I am a bit surprised at the higher high as ETH and LTC have not accomplished this and formed their 4 hour higher low and thus far a lower high. I have moved my SL up based on the 4 hour higher low for the remainder of my position and thus far did not reload anything from the portion I had taken profits on. Being a bit cautious as Shorts are still extremely high and just don't care to cover much and with ETH and LTC showing a bit more weakness in not making a higher high again, makes me concerned we may see the same start to show up with BTC. So just staying protective, was a great trade and no need to take on anything risky here. Lets see how the day plays out.
Just My 2 Sats!
Just My 2 Sats!
