Bulls changed the 4 hour trend to give us a clear higher low, and the daily range continues to tighten. We will look for the daily lower high to be set when the 4 hour uptrend is lost. It is currently consolidating and looking for a higher low.
ETHBTC and LTCBTC have been consolidating on the daily looking for a higher low to try and eventually change the daily trend. The USD pairings have been relatively weak the last few days due to this.
We will continue to expect volatility to drop off in the sector as BTC tightens this range, and just as everyone gets bored and volume gets very low we will look for a break, and more clarity on the longer term weekly chart.
ETHBTC and LTCBTC have been consolidating on the daily looking for a higher low to try and eventually change the daily trend. The USD pairings have been relatively weak the last few days due to this.
We will continue to expect volatility to drop off in the sector as BTC tightens this range, and just as everyone gets bored and volume gets very low we will look for a break, and more clarity on the longer term weekly chart.
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