Note the low of this consolidation does not HAVE to hold, that would just be ideal for bulls.
Keep an eye on the ETHBTC chart as we are looking for some more short term clarity on who the leader is.
There have been two instances in the last 24 hours where ETH has shown bulls to be a bit more explosive than BTC.
Patient traders are waiting for more clarity on the short term pattern as we patiently wait for bulls to prove themselves.
Remember we need a daily higher high to confirm the trend change and weekly higher low.
4 Hour inside bar and bull MACD cross to watch shorter term.
Keep an eye on the ETHBTC chart as we are looking for some more short term clarity on who the leader is.
There have been two instances in the last 24 hours where ETH has shown bulls to be a bit more explosive than BTC.
Patient traders are waiting for more clarity on the short term pattern as we patiently wait for bulls to prove themselves.
Remember we need a daily higher high to confirm the trend change and weekly higher low.
4 Hour inside bar and bull MACD cross to watch shorter term.
Checkout our full trading resources online www.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