ETH continues to set the stage for bulls with every consolidation leading to another 4 hour higher low.
The bulls remain in full control, riding EMA 12 4 hour support up.
BTC remains strong and in a tightening pattern, with significant bounces from 15 min oversold RSI.
The correlation with ETH continues to favor bulls, hitting higher highs where BTC failed.
Loss of the 4 hour higher lows will be notable after holding them for a week, that will be an exit signal for the shorter term bulls.
Looking for a clear break of the 4 hour tightening pattern today to indicate either continuation, or healthy daily consolidation.
The bulls remain in full control, riding EMA 12 4 hour support up.
BTC remains strong and in a tightening pattern, with significant bounces from 15 min oversold RSI.
The correlation with ETH continues to favor bulls, hitting higher highs where BTC failed.
Loss of the 4 hour higher lows will be notable after holding them for a week, that will be an exit signal for the shorter term bulls.
Looking for a clear break of the 4 hour tightening pattern today to indicate either continuation, or healthy daily consolidation.
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