TheChartGuys

ETH Bulls Gaining BTC correlation Favor

COINBASE:ETHUSD   イーサリアム/米ドル
Bulls showing strength this morning and breaking strong with a favorable BTC correlation.
We have seen this favorable correlation shift from ETH to LTC and back over the last couple weeks.
This has dictated who I focus on to trade, which yesterday and today will be ETH again.
I was actually stopped out for a small loss last night when 15 min support broke, which I will go over in the video this afternoon.
We still have lower highs on the hourly and the tight 4 hour pattern to be watching today.
Daily inside bar forming for the 2nd day in a row, but lots of trading left to go before it closes.

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