Compare the daily charts of the big 3, we are all in equilibrium patterns, but:
LTC is the closest to a bear break, BTC in the middle, ETH furthest.
Even if LTC breaks bearish, if BTC holds in the pattern we must take this break with a grain of salt.
Bulls need to see a bounce today to remain in the tightening pattern and give us a higher low on the daily.
Patient and not forcing any trade into a tightening pattern with decreasing volume and volatility.
We NEED volatility as traders, so when we see a clear pattern of declining volatility, we should patiently wait for the break.
LTC is the closest to a bear break, BTC in the middle, ETH furthest.
Even if LTC breaks bearish, if BTC holds in the pattern we must take this break with a grain of salt.
Bulls need to see a bounce today to remain in the tightening pattern and give us a higher low on the daily.
Patient and not forcing any trade into a tightening pattern with decreasing volume and volatility.
We NEED volatility as traders, so when we see a clear pattern of declining volatility, we should patiently wait for the break.
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Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social