$BTC


Quick heads up here on Bitcoin LTFs.
There's a shaded squeeze on the 4HR that began with some heavy downside pressure. But since then, we've got a decent reversal candle to the upside towards the end of this (usually named a 'squeeze fakeout'.
In addition, notice how the 6HR has a local bottom that's close to being confirmed, which would then give us some more upside probability.
So.. knowing that, we are looking for two things here: either the 4HR shaded squeeze confirms this reversal and then continues into a breakout phase over the track line, OR.. the 6HR confirms this local bottom and then we start looking for further breakout beyond that.
Remember: this is just for LTFs. We'll need to see if either of these signals get confirmed or not. Outside of this, we still have to contend with the larger problem of finding our HTF footing.
BTC0.23%
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