LTC Forming a lower high very correlated to BTC remaining in the daily tight pattern as we wait for a break.
Now we patiently wait for the break within the next couple days.
Bears are entering on a loss of the daily higher lows, and bulls are waiting patiently as a bull break on the daily is only step #1
of a long list of requirements for the bulls to regain momentum.
Odds still favor the bears in this setup unless we see significant bull volume on a break of the daily lower highs.
Opportunities will very limited for bulls who are sitting on their hands and patiently waiting for the tide to turn.
Now we patiently wait for the break within the next couple days.
Bears are entering on a loss of the daily higher lows, and bulls are waiting patiently as a bull break on the daily is only step #1
of a long list of requirements for the bulls to regain momentum.
Odds still favor the bears in this setup unless we see significant bull volume on a break of the daily lower highs.
Opportunities will very limited for bulls who are sitting on their hands and patiently waiting for the tide to turn.