BITCOIN And Cryptos Looking To Consolidate
After a nice long several day run of the bulls, we're looking to hold and consolidate at this level. We're set up in a nice place to prove the longer charts and confirm some bull momentum.
Right now, we see BTC stuck at $4,088. This wasn't the high, but is where we're seeing the bears step in for now. Ethereum is held up at the $115 level.
Looking at the daily, we've bull broke the EMA levels, now will likely find them and hopefully hold support which will also prove the longer trend. This should be a relevant level.
Hope everyone's having a great day!
Thanks for posting update
Do you think we'll see another large dip before the bull's take control? I was looking to get a sub $1 Skycoin buy, but there seems to be a lot of upward momentum in that particular coin.
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Of course. Now, we're looking for a pullback and the bulls to form that higher low that we need. I'm still not totally convinced yet for a bull move and market. We're still looking at this just being a bear flag. Trends changing on the shorter charts (i.e. 4-hr) is what we need to keep seeing.