BTC consolidation underway leading to a dump last night and hourly oversold conditions.
The bounce from hourly oversold was strongest in ETH, and at this point is not giving the bulls much confidence that our daily higher low has been found.
We are patiently waiting for this daily higher low, and continued tightening range, before a break later this week is likely.
I played the BTC bounce, scaling in when 15 min RSI was very beat up and hourly hit oversold as well.
I have exited 60% on the bounce thus far, and will exit the rest if 15 min higher lows are lost from here.
ETH continues to be the lead bull and I will be playing it next time instead!
Solid bull volume needed for bulls to convince us the daily higher low is in.
The bounce from hourly oversold was strongest in ETH, and at this point is not giving the bulls much confidence that our daily higher low has been found.
We are patiently waiting for this daily higher low, and continued tightening range, before a break later this week is likely.
I played the BTC bounce, scaling in when 15 min RSI was very beat up and hourly hit oversold as well.
I have exited 60% on the bounce thus far, and will exit the rest if 15 min higher lows are lost from here.
ETH continues to be the lead bull and I will be playing it next time instead!
Solid bull volume needed for bulls to convince us the daily higher low is in.
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