Solid move up this morning in response to the BTC breakout, but still lagging behind big time.
We are looking at a BTC dominated market and narrative as long as the ETF topic is on the table.
Bulls must keep up higher lows and higher highs on the 4 hour chart to continue to head back towards recent highs.
ETHBTC will have to change the trend on the daily time frame for these bounces to hold any weight,
otherwise we will just see these moves given back for the inevitable BTC consolidation.
I do not expect this alt/ BTC relationship to change any time soon as we have multiple weeks before we get more ETF information, either a decision or a delay.
We are looking at a BTC dominated market and narrative as long as the ETF topic is on the table.
Bulls must keep up higher lows and higher highs on the 4 hour chart to continue to head back towards recent highs.
ETHBTC will have to change the trend on the daily time frame for these bounces to hold any weight,
otherwise we will just see these moves given back for the inevitable BTC consolidation.
I do not expect this alt/ BTC relationship to change any time soon as we have multiple weeks before we get more ETF information, either a decision or a delay.
Checkout our full trading resources online 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
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
Checkout our full trading resources online 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
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。