Welcome back everyone. I was away for a long weekend and really didn't check into charts too often as I knew I would not personally be trading anything here with limited access to internet. But the bulls finally made their move and well, I'm not too impressed thus far. Last chart we discussed the bulls trying to make their break and ETH and LTC both being much stronger and making their bull breaks to new highs since our lows a couple of weeks ago. BTC has broken upwards but still remains below its high from 12/24 of $4239. ETH and LTC both hit new highs compared to 12/24 with LTC really showing its strength getting a good 9% above its 12/24 high. BTC however, remains about 5% below its 12/24 high. So BTC definitely the weak link of the 3.
Positive is it has plenty of space to form another 4 hour higher low and continue to rack up some support levels. Currently bulls would love $3969 from over night to be the higher low and then to see continuation today up towards our $4239 high. Bears have given some decent volume but bulls holding relatively well here. I am back for the week so will remain patient to see how bulls and bears react today and tomorrow before deciding on my next move but happy to see some bull breaks across most all names in the space and now its wait for further continuation and maintaining some higher lows and higher highs. Bulls need to show that stair step upwards pattern and avoid those elevators back down.
Just My 2 Sats!
Positive is it has plenty of space to form another 4 hour higher low and continue to rack up some support levels. Currently bulls would love $3969 from over night to be the higher low and then to see continuation today up towards our $4239 high. Bears have given some decent volume but bulls holding relatively well here. I am back for the week so will remain patient to see how bulls and bears react today and tomorrow before deciding on my next move but happy to see some bull breaks across most all names in the space and now its wait for further continuation and maintaining some higher lows and higher highs. Bulls need to show that stair step upwards pattern and avoid those elevators back down.
Just My 2 Sats!
