ETH is not immune to BTC correlation, but it continues to hold and bounce stronger.
We have to take all technical signals with a grain of salt if BTC is not following and seeing the same breaks.
I fell for this with a failed entry yesterday on 4 hour inside bars breaking bullish, but then saw my mistake as BTC did not break its hourly inside bars...
and the BTC followed with a bear break of the inside bars and ETH fell back hard in correlation.
ETH bulls are rooting for BTC to break bullish on the daily, to give added momentum for the bulls back towards all time highs.
We have to take all technical signals with a grain of salt if BTC is not following and seeing the same breaks.
I fell for this with a failed entry yesterday on 4 hour inside bars breaking bullish, but then saw my mistake as BTC did not break its hourly inside bars...
and the BTC followed with a bear break of the inside bars and ETH fell back hard in correlation.
ETH bulls are rooting for BTC to break bullish on the daily, to give added momentum for the bulls back towards all time highs.
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