In a particularly bullish fashion the buyers have stepped in and not only halted the price fall, but managed to turn the tables on the bears and drive the price back up above the high of the previous day. We have not yet broken the short term down trend line, however with ETH managing to hit a new all time time I think it wont be long. Could we see ETH finally stepping up to take the lead? BTC has always lead the rest of the market into new bull runs ... maybe this time will be different. Either way I'm expecting a continuation of this bullish momentum for BTC. Maybe, just maybe, we might have seen the final low for this correction.
With price now sitting above previous support, having been quickly rejected from the break out, and sitting comfortably in the demand zone again I'm looking for entries on a break about the current short term down trend line.
With price now sitting above previous support, having been quickly rejected from the break out, and sitting comfortably in the demand zone again I'm looking for entries on a break about the current short term down trend line.
