Nice Job by bulls to continue defending the 4 hour uptrend while most other names like ETH and LTC have lost the uptrend.
Due to the notable lack of bull volume I personally am expecting a 4 hour lower high this morning and a potential equilbrium.
Bulls continue to buy oversold conditions, this time it was the 15 minute time frame that formed our last 4 hour higher low.
When we lose the 4 hour uptrend we will look for hourly oversold conditions to be a trade opportunity.
Currently back to all cash in swing positions after the pullback last night.
Entries continue to favor shorter term oversold conditions vs. buying bull breaks.
When the 4 hour uptrend is lost we will zoom out to the daily and look for a higher low.
Due to the notable lack of bull volume I personally am expecting a 4 hour lower high this morning and a potential equilbrium.
Bulls continue to buy oversold conditions, this time it was the 15 minute time frame that formed our last 4 hour higher low.
When we lose the 4 hour uptrend we will look for hourly oversold conditions to be a trade opportunity.
Currently back to all cash in swing positions after the pullback last night.
Entries continue to favor shorter term oversold conditions vs. buying bull breaks.
When the 4 hour uptrend is lost we will zoom out to the daily and look for a higher low.
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