Bulls have been enjoying a favorable correlation to BTC the last few days, and it is slowing down as BTC bulls are much closer to a 4 hour higher high.
This is worth noting as it may lead to playing ETH or BTC bullish in the near term after trading LTC the last few days.
BTC will break to a 4 hour higher high long before LTC does, as LTC battles daily EMA resistance.
Loss of the 4 hour higher low pattern is a red flag for bulls that we will be heading back down to the low $100s again.
BTC is still the main chart to watch for entries/exits and applying that info to other names if trading them.
Dont forget ETHBTC and LTCBTC charts to see how strength is comparatively.
This is worth noting as it may lead to playing ETH or BTC bullish in the near term after trading LTC the last few days.
BTC will break to a 4 hour higher high long before LTC does, as LTC battles daily EMA resistance.
Loss of the 4 hour higher low pattern is a red flag for bulls that we will be heading back down to the low $100s again.
BTC is still the main chart to watch for entries/exits and applying that info to other names if trading them.
Dont forget ETHBTC and LTCBTC charts to see how strength is comparatively.
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Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social