BUT the correlation still stands and we are not likely to see that break at this point.
This means ETH bulls are holding up slightly better than BTC, but will still pullback with it.
This means BTC will continue to be our gauge of strength, and right now the bears have the upper hand.
Not playing any bounces unless both 5 and 15 min RSI are oversold on BTC.
We are looking for a higher low to form on the daily, as we see a daily equilibrium form now that the top of the bounce has been found.
Hourly RSI oversold would be a good indication to look for to signal potential of the daily higher low forming.
Patience, scale back bullish trading, focus on studying or working on concepts and weaknesses you have identified in your trading.
This means ETH bulls are holding up slightly better than BTC, but will still pullback with it.
This means BTC will continue to be our gauge of strength, and right now the bears have the upper hand.
Not playing any bounces unless both 5 and 15 min RSI are oversold on BTC.
We are looking for a higher low to form on the daily, as we see a daily equilibrium form now that the top of the bounce has been found.
Hourly RSI oversold would be a good indication to look for to signal potential of the daily higher low forming.
Patience, scale back bullish trading, focus on studying or working on concepts and weaknesses you have identified in your trading.
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Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social