While BTC rejected at a double top this morning at the high of the bounce, ETH has already given a clear higher high.
This is a consistent pattern the last week where a little BTC strength is seen more magnified in ETH, and BTC weakness is seen less.
The 4 hour higher low as been intact for a very long time at this point so losing it will be notable.
Risk to reward continues to shift to favor risk for bulls will every new high we get.
I personally expected ETH to consolidate with BTC more yesterday, but being all cash I was not acting on it either way.
There are nice flip opportunities for $5-10 on the clear bull breaks, but those are just for flips at these levels in my opinion.
Congrats to the bulls, longer term swing traders comfortable as long as 4 hour higher lows remain.
This is a consistent pattern the last week where a little BTC strength is seen more magnified in ETH, and BTC weakness is seen less.
The 4 hour higher low as been intact for a very long time at this point so losing it will be notable.
Risk to reward continues to shift to favor risk for bulls will every new high we get.
I personally expected ETH to consolidate with BTC more yesterday, but being all cash I was not acting on it either way.
There are nice flip opportunities for $5-10 on the clear bull breaks, but those are just for flips at these levels in my opinion.
Congrats to the bulls, longer term swing traders comfortable as long as 4 hour higher lows remain.
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