CRYPTO's Seeing Fourth Day Of Inside Bars

Bitcoin and the cryptos are looking at the fourth day of inside bar consolidation. We figured with such a large pullback day that there'd have to be consolidation and establishment of support. The question now is can the bulls hang on and beat the odds to rally and make a new high.

Weekly trend is still bullish for most cryptos and we're hoping Bitcoin can finally change as well. The daily so far is looking solid still, so we just need this continuation and to have supports hold.

There are still several supports on the way down. We have support at $3,712 and $3,654. Since we saw such a strong bounce at the first support, there's a case for this level to hold a bit longer.

Stops are a good idea still since there's a big chance of a bear break from this situation.

Hope you all have a great Hump Day!