https://www.tradingview.com/x/4IAOCn41/
#BTC
The fight for H4 trend has started in Bitcoin.
Let's dive into lower time frames :
https://www.tradingview.com/x/erHhA336/ (15m)
We've been talking about the 15m chart lately in the chat and that price has to first start by closing above 15m trend.
Now price is just below it but it's not relevant anymore since we have a compression between 300 and 100SMA.
Compressions are good setups as it's easier to trade with clear invalidations.
Expecting this compression to hold a little bit more to make it more tight.
If we break the compression without any consolidation on it we might see a retest of our Must Break area.
Market giving few positive vibes at the moment which needs more confirmations either by compressing in the 15m without breaking down ( which means we're consolidating below H4 trend without rejecting from it = POSITIVE )
Breaking down from the compression will send us to test the Must Hold area.
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