BTC Daily chart continues to tighten so not much to update at this point. Bulls changed the 4 hour trend but saw no follow through, which normally means zoom out and look for a daily bear flag.
The odds have a slight favor for bears where we currently stand, so a bit more follow through over $10,255 would be needed to even out the probabilities.
If we see a break of $10,051, the odds increase for the bears to test lower $9,000s. Whatever direction we break, we will have to see follow through of multiple levels and high volume on the daily chart. ETHBTC broke bull on the daily, so if the BTCUSD chart breaks bull it may be worth watching ETHUSD. Note it could just be another weekly bear flag like last time at this point.
The odds have a slight favor for bears where we currently stand, so a bit more follow through over $10,255 would be needed to even out the probabilities.
If we see a break of $10,051, the odds increase for the bears to test lower $9,000s. Whatever direction we break, we will have to see follow through of multiple levels and high volume on the daily chart. ETHBTC broke bull on the daily, so if the BTCUSD chart breaks bull it may be worth watching ETHUSD. Note it could just be another weekly bear flag like last time at this point.
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