As described in the video yesterday, BTC could drop to a lower low on the daily while ETH can hold much longer due to the size of the initial bounce.
This daily chart is still looking good for the bulls to remain in control, but we must be cautious if BTC breaks $8k support.
BTC changing the 4 hour trend back to the bulls would have ETH in a very bullish position on the daily chart.
ETH remains my play for bulls as it continues to have better setups and opportunity vs. BTC.
Consensus ends today so we need to be aware of any potential reaction to lack of news.
Still very patient as the 4 hour chart for BTC is not favorable for the bulls just yet.
Personally filled on a couple ETH orders last nigh just under $680, but took profit quickly and went to bed!
This daily chart is still looking good for the bulls to remain in control, but we must be cautious if BTC breaks $8k support.
BTC changing the 4 hour trend back to the bulls would have ETH in a very bullish position on the daily chart.
ETH remains my play for bulls as it continues to have better setups and opportunity vs. BTC.
Consensus ends today so we need to be aware of any potential reaction to lack of news.
Still very patient as the 4 hour chart for BTC is not favorable for the bulls just yet.
Personally filled on a couple ETH orders last nigh just under $680, but took profit quickly and went to bed!
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