Bitcoin - Shades of Grey ~ @Pro Team Market Update

Price remains in the “Grey Zone” below the daily 12 EMA and above the 4h 200 EMA. If you do not have any open positions this is a great time to take a break since we lack clarity. Although the charts have a very bearish overtone, I am sensing a bullish undertone (meaning we are more likely to print another lower high prior to losing 4h 200 EMA support). Since the initial Bear Dip on February 15th price Bull Ripped over the 1h 200 EMA twice and failed to hold a back test twice. The Bears are lacking follow through on BTC and several of the altcoins on the repeated pullbacks. Price is currently printing higher lows closer to 1h 200 EMA resistance. If price either breaks a prior hourly pivot high or holds the 1h 200 EMA on a back test my long targets will be swung from the highs rather than the most recent hourly financial cycle.
I personally have been very active trading over the last 10 days scaling into and out of swing long positions. While there is a lack of clarity my trade game plan is focused on the macro bullish trend. I will continue to long select altcoins in oversold conditions from 15m to 4h as long as BTC is trending the 3d 12 EMA. My long targets will continue to assume lower highs targeting the 5m 200 EMA, 15m 200 EMA, 50% retracement, and just under the Golden Pocket. If price can get up over the 1h 200 EMA and hold a back test I will raise my long target range to exit 25% at each of the following swing high to low Fib retracements levels: 50%, Golden Pocket, 78.6%, & 88.6%. It is important to note I will only add to my swing longs if doing so improves (lowers) my average cost. At this moment in time in order for me to short I need to see price lose the 3d 12 EMA as support or see evidence that the 4h 200 EMA has flipped to resistance. (This is my personal trade game plan please make your own trading decisions).

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