AzzAChang

4 hourly Inside Bars

Long
BINANCE:BTCUSDT   Bitcoin / TetherUS
After the bull break of a similar inside bar pattern on the hour chart at the end of the daily candle, we are currently forming another. Will we get another bull break or see some much needed consolidation? RSI on the 4 hour and daily need to take a break, form some support for the next leg up. We are coming up to key resistance at the 8600 level, and it would be good to see that cool off before attempting to break that temporary roof. 12 & 26 EMA's continue to act as a strong support zone with each test sending it skywards again. There is still plenty of volume driving each push up, and with significant bear volume nowhere in sight, bulls have a good shot at continuing this great run up from the high 5000's. 15 minute oversold RSI is has been a good buy area on the run up, but buying and holding seems to be working, as well when the RSI cools off from over-bought levels. Hourly retests of the EMA's are also solid signals for long entries. Bulls on Parade!!
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