Using TD Sequential – from brobear
1H – Shows long entry setup 8am EST.
4H – Shows 8. 2 more candles and we know confirmation of direction.
Daily – Shows Q (qualifying setup today).
Previous daily support from TD Sequential is $7814.
Below $7814 next support is $5070 (OUCH!)
Watching this closely but still long. Bitcoin butt-pucker time. Daily MACD still bullish, close Bollinger Bands, and possible fake-out keeping me in this.
In my opinion, two more candles on the 4 hour and we will know if reversal is coming.
1H – Shows long entry setup 8am EST.
4H – Shows 8. 2 more candles and we know confirmation of direction.
Daily – Shows Q (qualifying setup today).
Previous daily support from TD Sequential is $7814.
Below $7814 next support is $5070 (OUCH!)
Watching this closely but still long. Bitcoin butt-pucker time. Daily MACD still bullish, close Bollinger Bands, and possible fake-out keeping me in this.
In my opinion, two more candles on the 4 hour and we will know if reversal is coming.