ETH continues to show signs as the lead bull, first with continuation and no double top like BTC and LTC, and now on the 4 hour consolidation the bulls have the most space before testing the most recent 4 hour higher low. The daily chart is due for healthy consolidation so we will know to be even more patient as bulls if we lose 4 hour higher lows. The best strategy for short term trading continue to be take the strongest name bullish and the weakest name bearish. Ideal would be for bulls to find a daily higher low by Wednesday and the current daily chart does give the potential for a daily bull flags to form on this consolidation. Back to patient bulls, let the trade come to you.
Hey, can you explain a bit what you mean by "continue to be take the strongest name bullish and the weakest name bearish?" Meaning, go bullish on big names like BTC, ETH, LTC, and bearish on alts?
Was a bit confused by the lingo. Thanks for all your great work guys!
bradzho
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@MichaelHarrington,
I think what he means is if you are trading bullish you should trade the most bullish chart, and if you are trading bearish you should trade the most bearish chart. In this case, ETH is showing to be the most bullish chart relative to BTC and LTC.
Was a bit confused by the lingo. Thanks for all your great work guys!