BTC Bulls Try to Defend the Low

BTC support held at the lows yesterday keeping the base of support at $7,700 alive at least to start the week. The bulls still have not done much to go on offense, with lots of 4 hour overhead resistance and EMA daily resistances looming, but they will live to fight another day.

The play for the bulls was bottom fishing the lows but personally I still have bids for a lower low and will remain patient during this tightening daily range.

BTC dominance continues to pullback which shifts many's attention to Alt coins. I was triggered into the LINKUSD trade I talked about in a recent video and exited the position in 2 pieces for a total gain of 6% in a few hours. I personally play these coins with less capital than the larger, more liquid coins.

ETHBTC still has our attention on the verge of breaking daily resistance. ETHUS still has daily EMA12 resistance keeping a cap on things. I suggest in addition to watching BTC, everyone scout some alt trades in this current environment as well!