Bulls saw a continuation break last night to higher highs, though not by a large amount.
Using the 4 hour EMA 12 support which has been holding for 20 candlesticks, or 80 hours as support.
ETH strength in favor over LTC now for me personally in the short term, and I flipped it yesterday.
Continuing to use BTC as a guide, I exited when the 5 min BTC uptrend was lost, which signaled the top for most names.
Bulls are very comfortable knowing that even if 4 hour higher lows are lost we will look for a daily higher low to form.
At this point BTC has 4 hour inside bars and there are no red flags on consolidation.
Scouting to potentially scale back in some ETH in the $170s if this remains the case.
Using the 4 hour EMA 12 support which has been holding for 20 candlesticks, or 80 hours as support.
ETH strength in favor over LTC now for me personally in the short term, and I flipped it yesterday.
Continuing to use BTC as a guide, I exited when the 5 min BTC uptrend was lost, which signaled the top for most names.
Bulls are very comfortable knowing that even if 4 hour higher lows are lost we will look for a daily higher low to form.
At this point BTC has 4 hour inside bars and there are no red flags on consolidation.
Scouting to potentially scale back in some ETH in the $170s if this remains the case.
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
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
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
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.