ETH Daily bull break but WAY behind BTC
The bulls broke on BTC to higher highs and continued tightening weekly equilibrium,
which has resulted in ETH breaking the tight 5 day range with a volume spike...
BUT it is still crystal clear just how far behind BTC we currently are trading as the bulls are not even close to breaking the high of the initial bounce, which BTC broke many days ago.
This tells me to continue to play BTC bullish and if I were looking bearish on any BTC weakness I would look to ETH.
Continue to watch ETHBTC for a daily trend change and until that happens this pattern will remain the same.
I will likely stop doing daily ETH charts until there is a shift, as the opportunity certainly is not here these days!
which has resulted in ETH breaking the tight 5 day range with a volume spike...
BUT it is still crystal clear just how far behind BTC we currently are trading as the bulls are not even close to breaking the high of the initial bounce, which BTC broke many days ago.
This tells me to continue to play BTC bullish and if I were looking bearish on any BTC weakness I would look to ETH.
Continue to watch ETHBTC for a daily trend change and until that happens this pattern will remain the same.
I will likely stop doing daily ETH charts until there is a shift, as the opportunity certainly is not here these days!
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