Last night the bulls broke $103 resistance as BTC broke out, and then as BTC hit all time highs all money went there and created an inverse correlation here.
The bears have been in control for hours driving us to oversold 15 min conditions, and tests of $101, and $100 support likely approaching.
Watching to see if the correlation remains inverse when BTC begins to consolidate.
No entries unless we see oversold conditions (I will wait for a break under $100 personally)
OR a break of the 15 min lower high, lower low pattern indicating the bulls are showing up.
Anticipating BTC consolidation today and we will gain lots of info by comparing the trading of BTC to LTC.
No sign of the bull bot from the last couple days.
The bears have been in control for hours driving us to oversold 15 min conditions, and tests of $101, and $100 support likely approaching.
Watching to see if the correlation remains inverse when BTC begins to consolidate.
No entries unless we see oversold conditions (I will wait for a break under $100 personally)
OR a break of the 15 min lower high, lower low pattern indicating the bulls are showing up.
Anticipating BTC consolidation today and we will gain lots of info by comparing the trading of BTC to LTC.
No sign of the bull bot from the last couple days.
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