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Bitcoin Daily Higher High by ccoldwell

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cryptocurrency · @ccoldwell ·
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Bitcoin Daily Higher High
Bitcoin finally followed Ethereum and Litecoin last night with a bull break to a daily higher high. Congratulation goes to the bulls. Bitcoin is currently in a weekly equilibrium pattern and the bulls are looking to hit $9,000. This weekly equilibrium pattern will be our guide for the next few months. Keep an eye on the 4 hour chart as a loss of the higher low, higher high pattern on this time frame would be a red flag that daily consolidation is near. 

Bitcoin Daily Chart:
![Screen Shot 2018-04-20 at 11.25.14 AM.png](https://steemitimages.com/DQmW15Xjd7zMRkUwMSxTwL9C5axcCrKogtCTqNzve66MBoo/Screen%20Shot%202018-04-20%20at%2011.25.14%20AM.png)
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vote details (6)
@exxodus · 
Hey @ccoldwell, the markets are pretty crazy right now. Crypto is back to a weird space but I know long term it's still what we're all hoping it will be! Cheers
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@ccoldwell · 
The bulls have come out today. Hoping for a weekly equilibrium to play out. A bull break of the weekly equilibrium could change the daily trend bullish and we could retest the all time high.
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@kidmartin-95 · 
Bear is market is officially over according to my analysis, load the bag while you can !
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@ccoldwell · (edited)
I don't think we can confirm the bear market over until we can break the weekly equilibrium pattern bullish. The bears are still in control of the weekly time frame until this happens.
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@kidmartin-95 · 
![BTC W.png](https://steemitimages.com/DQmYh6ZxQvdoBs4byXHPqHbp8KGnpe2oMCabHbvhFT8LEnJ/BTC%20W.png)

It's all subjective, but tested above this zone 3 times already + a weekly candle close above our major resistance @ $8,500. Price tends to behave the same as it did before when reaching major S/R, expecting the same kind of extension from (11/13/2017)
Cheers
👍  ,
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