TheChartGuys

BTC 4 hour LH and LL Follow Through

COINBASE:BTCUSD   Bitcoin
The "zoom out" game serves well again, as the hourly bounce got some follow through we zoom out to the 4 hour and realize just a lower high was likely.
After setting the lower high we faded back and got the new low on this consolidation.
We remain in an area with a lack of support, just the lowest price we have seen $3,129.
Bears continue to have full control and we will be watching the 4 hour downtrend for guidance.
4 hour RSI is oversold, but it can certainly get a bit more extended from the upper 20s.
4 hour inside bar also just formed, as something to watch for this morning.

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Feragatname

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