Another good example of the importance of the BTC correlation.
We saw a strong bull break on ETH and push to higher highs, but we cannot put too much faith in the bulls, as BTC did not break bullish.
Now we have a bearish dump on BTC which is ending up looking like a big time fake out on ETH,
if you are not aware of the importance of BTC correlation.
This bull spike before the drop will have me pay more attention to the ETH bulls if we do eventually see BTC break the daily equilibrium bullish.
Otherwise I would be ignoring the break of the daily lower highs for anyone but BTC.
We saw a strong bull break on ETH and push to higher highs, but we cannot put too much faith in the bulls, as BTC did not break bullish.
Now we have a bearish dump on BTC which is ending up looking like a big time fake out on ETH,
if you are not aware of the importance of BTC correlation.
This bull spike before the drop will have me pay more attention to the ETH bulls if we do eventually see BTC break the daily equilibrium bullish.
Otherwise I would be ignoring the break of the daily lower highs for anyone but BTC.
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
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
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
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.