After a brief 2 day bounce for BTC and ETH, we have pulled back hard and lost the 4 hour higher lows on both BTC and LTC (Not ETH)
We are looking for the bulls to hold this low and see continued recovery with hourly higher lows and higher highs.
If we break support we know the bears are back in full control as we get ready for 4 hour oversold conditions again.
If bulls continue this bounce with hourly higher lows and higher highs, we will be eyeing the high of the bounce.
We are also going to see increased volume today and the bulls must see a solid lower wick to associate a lot of that volume with bulls.
If we see a close near the low of the candle, it will be a lot of bear volume outweighing the recent bull volume on the bounce.
We are looking for the bulls to hold this low and see continued recovery with hourly higher lows and higher highs.
If we break support we know the bears are back in full control as we get ready for 4 hour oversold conditions again.
If bulls continue this bounce with hourly higher lows and higher highs, we will be eyeing the high of the bounce.
We are also going to see increased volume today and the bulls must see a solid lower wick to associate a lot of that volume with bulls.
If we see a close near the low of the candle, it will be a lot of bear volume outweighing the recent bull volume on the bounce.
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