BTC and LTC are currently heading down to test their recent lows, which bulls are hoping are our daily higher lows.
In order for this to be the case, we have to see a 4 hour higher low this morning to try and reverse the 4 hour downtrend in play the last couple days.
The correlations right now as the are most frequently have BTC and LTC strongest correlated and ETH more loosely so.
Bulls can look to play oversold 15 min bounces and lock in short term gains or set stops to break even to try and catch the daily higher low.
Other bulls that are more cautious will wait for the 4 hour trend change to get back in.
In order for this to be the case, we have to see a 4 hour higher low this morning to try and reverse the 4 hour downtrend in play the last couple days.
The correlations right now as the are most frequently have BTC and LTC strongest correlated and ETH more loosely so.
Bulls can look to play oversold 15 min bounces and lock in short term gains or set stops to break even to try and catch the daily higher low.
Other bulls that are more cautious will wait for the 4 hour trend change to get back in.
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