BTC Bulls still holding very strong day after day. Not only are many surprised we got to $8k, but now they are surprised how long we have held it.
The sideways tight action for BTC last night allowed for ETH Bulls to breakout to higher highs.
ETHBTC was at key weekly support and fueled the move higher.
LTCUSD bulls also showed up, but still lagging behind with the inability to break the recent highs just under $100.
Keeping an eye on LTC this morning to see if it will be a laggard play, but also cautious because a loss of the 4 hour uptrend and EMA12 support would indicate BTC needs to see daily consolidation.
Summary:
BTC must keep 4 hour uptrend for bulls
ETH Hourly uptrend breaking would mean look for a 4 hour higher low
LTC potential hourly equilibrium setup
The sideways tight action for BTC last night allowed for ETH Bulls to breakout to higher highs.
ETHBTC was at key weekly support and fueled the move higher.
LTCUSD bulls also showed up, but still lagging behind with the inability to break the recent highs just under $100.
Keeping an eye on LTC this morning to see if it will be a laggard play, but also cautious because a loss of the 4 hour uptrend and EMA12 support would indicate BTC needs to see daily consolidation.
Summary:
BTC must keep 4 hour uptrend for bulls
ETH Hourly uptrend breaking would mean look for a 4 hour higher low
LTC potential hourly equilibrium setup
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