The bulls have headed to higher highs on the 4 hour equilibrium which is a great sign for the longer term bulls.
We very quickly dumped from this breakout however due to a lack of bid support.
The bulls are now working on a higher low on the 4 hour chart to try and stay within striking distance of bullish continuation.
Note ETH, LTC, BCH all did not break bullish from their 4 our equilibrium patterns.
Bulls need to regain 15 min higher lows and higher highs as we make our way back to the mid $16,000s.
Watching the rest of the names for signals that the bull break is universal in the crypto space.
Looking for block chain stocks to start the morning bullish with the bulls controlling crypto overnight.
Bitfinex has seen bull breaks from many of these names, potential for GDAX to be a laggard.
We very quickly dumped from this breakout however due to a lack of bid support.
The bulls are now working on a higher low on the 4 hour chart to try and stay within striking distance of bullish continuation.
Note ETH, LTC, BCH all did not break bullish from their 4 our equilibrium patterns.
Bulls need to regain 15 min higher lows and higher highs as we make our way back to the mid $16,000s.
Watching the rest of the names for signals that the bull break is universal in the crypto space.
Looking for block chain stocks to start the morning bullish with the bulls controlling crypto overnight.
Bitfinex has seen bull breaks from many of these names, potential for GDAX to be a laggard.
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