BTC sideways trading as volume continues to decrease. Break is imminent today or tomorrow which will tell us either:
1.) Our daily lower high is set
2.) Our daily lower high has not been set
We will still expect to stay within the broader equilibrium a bit longer even after the daily inside bars breaks.
While trading sideways, some of the alt coins continue to gain some ground vs. BTC. I personally have added a bit of LTC and ETH to my long term no touch positions this weekend as the positions previously were very BTC heavy.
If BTC bear breaks this daily equilibrium it will still be possible for ETH and LTC to have weekly bear flags, if it breaks bull, those odds will decrease a good bit.
1.) Our daily lower high is set
2.) Our daily lower high has not been set
We will still expect to stay within the broader equilibrium a bit longer even after the daily inside bars breaks.
While trading sideways, some of the alt coins continue to gain some ground vs. BTC. I personally have added a bit of LTC and ETH to my long term no touch positions this weekend as the positions previously were very BTC heavy.
If BTC bear breaks this daily equilibrium it will still be possible for ETH and LTC to have weekly bear flags, if it breaks bull, those odds will decrease a good bit.
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Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social