ETH Channel on the Hourly to Watch

17 במאי 2018

ETH has been holding up much better than BTC consistently, but is still tied to the same trading action.
There was a point last night where I said if BTC chart looked like ETH I would be much more bullish the space right now.
The daily chart is looking to form a higher low, and the 4 hour chart was the first to hit a higher lo and higher high.
ETHBTC chart is still in a very strong uptrend on the daily, something to keep an eye on.
I personally am not trading in this zone with the choppy action controlled by 1 min candles.
I am waiting for a more clear setup and I will choose ETH for any oversold bounces if we see BTC break 8k.
Establish a game plan for both scenarios, bull break and bear break.