All eyes on BTC as we are pretty much a boat with no sails or engine, following the current led by BTC.
Only news and increased volume can break this correlation.
Scaling back bullish trading the last two days once the hourly uptrend was lost.
Looking for a higher low on the daily to potentially be marked by hourly oversold RSI.
Be more picky with RSI levels on bounce flips as we are in downtrends on every time frame up to the weekly.
See the BTC chart and youtube video last night for more details.
Only news and increased volume can break this correlation.
Scaling back bullish trading the last two days once the hourly uptrend was lost.
Looking for a higher low on the daily to potentially be marked by hourly oversold RSI.
Be more picky with RSI levels on bounce flips as we are in downtrends on every time frame up to the weekly.
See the BTC chart and youtube video last night for more details.
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Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social