Correlation to BTC has faded as we were the strongest bounce to start, but the inability to hit higher highs yet has allowed BTC bulls to catch up.
Still lots of strength as we look for a 4 hour bull MACD cross, but inability to set a higher high here will warrant caution.
Close eye on BTC as the correlation will likely be there for the bears if we begin to pull back.
Higher risk and reward with the speed of price action with a few %s moves in 10-15 minutes at times.
Still lots of strength as we look for a 4 hour bull MACD cross, but inability to set a higher high here will warrant caution.
Close eye on BTC as the correlation will likely be there for the bears if we begin to pull back.
Higher risk and reward with the speed of price action with a few %s moves in 10-15 minutes at times.
Comment:
NOTE: Support and Resistance are backwards
Checkout our full trading resources online www.chartguys.com
Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social