TheChartGuys

ETH Bulls Continue to Outpace BTC

COINBASE:ETHUSD   Ethereum
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.

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
Frånsägelse av ansvar

Informationen och publikationerna är inte avsedda att vara, och utgör inte heller finansiella, investerings-, handels- eller andra typer av råd eller rekommendationer som tillhandahålls eller stöds av TradingView. Läs mer i Användarvillkoren.