BTC Cannot Get Much Tighter
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
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
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
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.