BTC still struggling to turn around momentum on the daily as the 4 hour continues to tighten.
Look for a break of these ranges later afternoon/evening.
Lots of selling yesterday as soon as ETH went to all time highs. People some BTC market and bought ETH market leading to an inverse correlation.
In my opinion a bull break here for BTC will only help ETH bulls further due to the normal correlation that has been favoring ETH.
Caution if we get a bear break, as there is little support down towards $12k, $11k, etc.
Patience on this pattern if not in a position, this will likely dictate momentum for the next couple days.
Look for a break of these ranges later afternoon/evening.
Lots of selling yesterday as soon as ETH went to all time highs. People some BTC market and bought ETH market leading to an inverse correlation.
In my opinion a bull break here for BTC will only help ETH bulls further due to the normal correlation that has been favoring ETH.
Caution if we get a bear break, as there is little support down towards $12k, $11k, etc.
Patience on this pattern if not in a position, this will likely dictate momentum for the next couple days.
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Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Checkout our full trading resources online chartguys.com
Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.