On coinbase the 11,050 level will be the test on bitcoin to see if we can keep the 4hr/6hr higher lows and try to form an uptrend. For the Ethereum it needs to hold the 1k area. Litecoin needed to hold the 187 area and it dropped below that. Because of correlation to bitcoin it may not matter in the end for ltc but it does tell us that we can expect a weaker recovery from ltc.
If we break the 11,050 area on btc it can get ugly quick. I would expect an attempt to form a higher low than 9k.
I see a lot of people calling for 8k, and because of this I doubt we get that low, but if we do that will be a great buying opportunity.
I am buying BTC and ETH currently at the 11,200 and 1,030 range with stoploss at 11,040 and 990.
BTCUSD
ETHUSD
LTCUSD
If we break the 11,050 area on btc it can get ugly quick. I would expect an attempt to form a higher low than 9k.
I see a lot of people calling for 8k, and because of this I doubt we get that low, but if we do that will be a great buying opportunity.
I am buying BTC and ETH currently at the 11,200 and 1,030 range with stoploss at 11,040 and 990.
BTCUSD
ETHUSD
LTCUSD