BTC bulls saw a nice break yesterday on the hourly and 4 hour charts, but when zooming out the odds of a lower high on the daily were very likely.
This was highlighted in the youtube video yesterday. Watching for a daily bull MACD but consolidation required first.
The hourly chart lost the higher lows of consolidation so we need to be cautious of lower highs and lower lows on the hourly as we see daily consolidation.
Bulls will have to break high of yesterday to negate this consolidation setup.
Patient if bullish, the daily chart will need a higher low and higher high.
Correlations with ETH are shifting from inverse to direct fairly often without a relationship that remains clear.
This was highlighted in the youtube video yesterday. Watching for a daily bull MACD but consolidation required first.
The hourly chart lost the higher lows of consolidation so we need to be cautious of lower highs and lower lows on the hourly as we see daily consolidation.
Bulls will have to break high of yesterday to negate this consolidation setup.
Patient if bullish, the daily chart will need a higher low and higher high.
Correlations with ETH are shifting from inverse to direct fairly often without a relationship that remains clear.
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