Watching for the potential of another 4 hour lower high this morning as the pattern tightens up.
If we break the 4 hour lower highs, the odds of the daily higher low of support being set and the bulls heading back to upper $700s is likely.
The likely scenario, looking at BTC, would need a 4 hour higher low then a break of resistance.
We also still have not broken the low of Monday which is keeping the bulls confident compared to BTC and LTC.
Currently in a position from yesterday entry on BTC leg down. I took some small profit this morning and will look to add when I feel comfortable with the BTC bullish action.
We know BTC WILL form a support on the daily after 4 red days, just a matter of timing.
If we break the 4 hour lower highs, the odds of the daily higher low of support being set and the bulls heading back to upper $700s is likely.
The likely scenario, looking at BTC, would need a 4 hour higher low then a break of resistance.
We also still have not broken the low of Monday which is keeping the bulls confident compared to BTC and LTC.
Currently in a position from yesterday entry on BTC leg down. I took some small profit this morning and will look to add when I feel comfortable with the BTC bullish action.
We know BTC WILL form a support on the daily after 4 red days, just a matter of timing.
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