Bitcoin

BTC 4 Hour Tightens, Possible H&S

822
Currently in daily consolidation looking for a higher low to form compared to recent lows.
If we see a bear break of this current head and shoulders setup the bears will be back in full control of the short term.
I currently have exited 25% of my BTC swing position and had my first of 4 orders fill on LTC.
This is a play to scale in looking for the daily higher low to be set.
For me this is an area with a lack of clarity, which means I slow down or take smaller positions.
We know the bulls need daily continuation over $11,100 to change the trend, and we know the bears want to see higher volume and push the price back to the $9,000 low.
Some situations have high probabilities or what is likely to happen, and this current setup for me is more along the lines of a 50-50.

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