BTC Hourly Equilibrium

Congrats Bulls!
BTC holding up extremely well after another day with big gains.
If we break the equilibrium bullish we will look to $8,500.
If we break it bearish we zoom out and look for a 4H higher low with EMA12 support as a guide.
The odds our monthly higher low is set continue to increase with every green day.

I personally am a believer that BTC is reacting to US/Iran news after watching it play out twice now in the last week. In a recent video I said "Next time I will look to act on it" which I did yesterday, and it paid off. Maybe it was just lucky timing but until it stops working, when I see Iran news significantly impact US markets and Gold, I will look for a bullish BTC position. I have never really traded the crypto space based on news so this is a bit higher risk/reward for me, and a different style to get used to. I am currently treating any bullish entries at these levels as day trades, with consolidation required on the daily chart for any swing trades. We will continue to watch for the "first" Oversold conditions on different time frames. For example I expect a nice bounce from hourly oversold conditions the next time we see it after this big bull run. There can also be plays based off support as long as they are low risk. Looking like an hourly equilibrium? Buy the higher low and put a stop under the first low of consolidation for example.

Shorts want to see a loss of hourly supports at a bare minimum for any comfort in positions.