Congrats Bulls! How did we know to give the BTC video a thumbnail titled "Volatility imminent" yesterday? No crystal ball, it is just our good friend the equilibrium which gets to a point where you cannot get any tighter before the break occurs and traders and bots react to it.
Every higher high on the daily from here continues to increase the odds that our monthly higher low has been set.
Short term consolidation remains healthy as hourly EMA support is holding. If we lose this low, we will zoom out and look for a 4H higher low to form as a result. Alt coins are responding to the BTC strength as well, with the likes of LTC standing out. I am currently still holding half my position from the daily higher low, and will be using the $H trend as my guide for walking up stop losses. Next resistance $8,637 on the daily
Every higher high on the daily from here continues to increase the odds that our monthly higher low has been set.
Short term consolidation remains healthy as hourly EMA support is holding. If we lose this low, we will zoom out and look for a 4H higher low to form as a result. Alt coins are responding to the BTC strength as well, with the likes of LTC standing out. I am currently still holding half my position from the daily higher low, and will be using the $H trend as my guide for walking up stop losses. Next resistance $8,637 on the daily
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