ETH continues to lead the bulls whenever BTC sees any upside.
We have a lot more space on the 4 hour to form a higher low, which makes it much more likely for bulls.
We are still not very confident our daily higher low is set until the 4 hour forms a higher low and higher high, but due to the 4 hour chart setup for ETH the odds of the daily higher low being in are pretty likely.
We need to see BTC form this higher low and then break the 4 hour lower highs for the ETH bulls to follow towards $800 resistance.
If I see a setup I like today I will chose to play ETH due to this clear comparative strength.
Cautious traders are waiting on a 4 hour break.
We have a lot more space on the 4 hour to form a higher low, which makes it much more likely for bulls.
We are still not very confident our daily higher low is set until the 4 hour forms a higher low and higher high, but due to the 4 hour chart setup for ETH the odds of the daily higher low being in are pretty likely.
We need to see BTC form this higher low and then break the 4 hour lower highs for the ETH bulls to follow towards $800 resistance.
If I see a setup I like today I will chose to play ETH due to this clear comparative strength.
Cautious traders are waiting on a 4 hour break.
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