As you can see on the chart BTC is currently in a bull flag formation on the one hour timeframe.
LTC and ETH have had more significant price action increases and have broken levels of resistance in their patterns that BTC has currently not. IT can be argued that LTC has been a leading indicator for BTC and if this is the case, we can have more reason to anticipate this bull flag confirming.
I am not bullish mid-long term, this is just what I see for the next half day.
LTC and ETH have had more significant price action increases and have broken levels of resistance in their patterns that BTC has currently not. IT can be argued that LTC has been a leading indicator for BTC and if this is the case, we can have more reason to anticipate this bull flag confirming.
I am not bullish mid-long term, this is just what I see for the next half day.