ETC Bulls: above the neckline
Hey guys, the ETC bulls managed to stay above the neckline vs. their BTC bull brothers -this shows the clear relative strength vs. Bitcoin, as also seen in the ETC/BTC chart.
Just like I wrote yesterday, we had some room to retrace to the EMAs on the 4H, and we perfectly touch the 26 EMA , also testing the previous neckline, now turned into support.
So, ETC bulls are clearly waiting for the go signal - which is gonna come from none other than their BTC brothers, but who are right now still indecisive. If they don't get the go-signal, they're not going anywhere. For me personally this is a no-trade zone with too much choppy action & wicks. Therefore, no matter what you play here, never forget looking at grandpa BTC.
If you find my analysis helpful, please like & subscribe, and watch my daily videos! ;) (description in my status)
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC
Just like I wrote yesterday, we had some room to retrace to the EMAs on the 4H, and we perfectly touch the 26 EMA , also testing the previous neckline, now turned into support.
So, ETC bulls are clearly waiting for the go signal - which is gonna come from none other than their BTC brothers, but who are right now still indecisive. If they don't get the go-signal, they're not going anywhere. For me personally this is a no-trade zone with too much choppy action & wicks. Therefore, no matter what you play here, never forget looking at grandpa BTC.
If you find my analysis helpful, please like & subscribe, and watch my daily videos! ;) (description in my status)
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC
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