You could have not asked for a better candle close yesterday. A massive bullish engulfing candle that touched the support at $2,160 with perfect precision.
Today we have a nice continuation and price is pushing higher. Can this take us to $2,650? Likely.
Question is what will BTC do since it is quickly approaching a massive decision, which will likely impact ETH and the broad market. See below my linked idea for that.
Hence, ETH looks much better compared to BTC. Therefore in this case the bias is bullish and the indicators seem to want to curve higher, if we success and MACD crosses back on the positive side, then we will surely continue up in price.
Bias remains bullish on ETH and seems like a great choice while BTC decides what to do.
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Would be cool if ETH drags BTC up the hill (for a change :-)
on the 4HR you can draw a straight median from March 24 (1540) to the current level.
Let's hope BTC will act accordingly.
DU09
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@ExPl0ReR, Hehehe, it may actually, some alts fare better than BTC lately... curious.
ExPl0ReR
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@DU09, thrusters have been switched on already :-) ready for liftoff.
on the 4HR you can draw a straight median from March 24 (1540) to the current level.
Let's hope BTC will act accordingly.