TheChartGuys

BTC Searching for Daily Higher Low

COINBASE:BTCUSD   Bitcoin / Dollar
BTC             GDAX double top over the weekend kept the bulls in the daily tightening pattern.
Weekly chart is looking set to give us a 2nd inside bar in a row.
We will be looking for a higher low on the daily today or tomorrow, but short term gains for bulls unlikely to be significant until we breakout from this pattern.
Up to bulls to prove themselves and shift momentum, as the bears have the upper hand on the daily trend.
This is a game of patience as we will likely see volatility in the sector pick up in February.
Stay patient and picky for trades while in the tightening daily range.
I know you are only focusing on short term trades here in your analysis, but do you also have a long term view on bitcoin's development up to late 2018? I mean, you must have some thoughts on the matter? I am interested how you look at it.
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abdomi PRO STATICERROR
@STATICERROR, He is a day trader
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@abdomi, right, but even a day trader must have some thoughts about tomorrow when he sit's down to sip his beer right? I mean, I am not asking for a detailed analysis. For entertainment purposes only.
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