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TheChartGuys
Feb 9, 2018 12:16 PM

ETH Bulls Gaining BTC correlation Favor 

Ether / United States DollarCoinbase

Description

Bulls showing strength this morning and breaking strong with a favorable BTC correlation.
We have seen this favorable correlation shift from ETH to LTC and back over the last couple weeks.
This has dictated who I focus on to trade, which yesterday and today will be ETH again.
I was actually stopped out for a small loss last night when 15 min support broke, which I will go over in the video this afternoon.
We still have lower highs on the hourly and the tight 4 hour pattern to be watching today.
Daily inside bar forming for the 2nd day in a row, but lots of trading left to go before it closes.
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