TheChartGuys

BTC Daily RSI Equilibrium

COINBASE:BTCUSD   比特币
BTC forming a tightening range on the daily with a higher low trying to form to put us back in a tightening pattern.
Remember the last time the bulls had any conviction with to start April and the bull move started after a daily equilibrium.
Looking for clear break Thursday or Friday. Bulls still have proving to do and the bears have favor in this pattern until then.
Bulls still not seen two green days in a row in over a week.
A bull break will put us right into daily EMA resistances, which will be a very key test for follow through.
BTCUSDLONGS are increasing and shorts decreasing the last few days.
Remaining patient and aware that when this break occurs, it will likely happen all at once and out of nowhere.
This is a scenario where a trade could establish a starter position within the tight range and just keep a stop loss for a bear break.
I do this when I dont want to have to chase and try and fill a full position on the way up.

Checkout our full trading resources online www.chartguys.com

Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
免责声明

这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。