The four hour disagrees
A bearish daily with the four hour broken upward, worked through to an entry price on bitcoin, and what the trade points at.
The most common awkward morning is a bearish daily with a four hour chart that has just broken upward. Here is the whole thing.
What the four hour break means
By the ladder, a 4 hour break of structure is a daily retracement.
So the bias does not change. What has changed is that you now know the pullback has started, which is the part of the day you were waiting for.
A 4 hour break against a bearish daily is the pullback arriving.
Do not sell into it
Price is only part of the way up. Selling while the rally is still running gives you the worst price available and a stop that has to sit far above.
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