The bulls did not hold the pattern highlighted in the video, but also did not break the previous 4 hour higher low established overnight last night.
Still watching the tightening pattern for the bulls to see a break and continuation.
Daily inside bar forming but a long way to go today for it to close that way.
Continuing to watch correlations, with ETH currently in favor of the BTC correlation.
Pattern continues with the consolidation higher low being established overnight Eastern US time.
Two nights in a row it has also been a 15 min equilibrium breaking signaling the bulls showing up.
A fair few traders seem to be watching the 4h 50EMA.

A little more bull and we could get a candle above today.
Is the 4hr macd a concern? looks scary that it's going to cross.
+1 回复
@juzme09, True but I think the MACD bounce like a rock skipping on water
+1 回复
BRRD madeinnewyork87
+1 @madeinnewyork87. Judging MACD is important to get right because it is fickle. You need to check all timescales to see correlations, cross check with RSI, look at MACD behaviour for similar past structures. And then the bigger scheme of things, sentiment, etc.
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