Bitcoin Long Term Chart
Really on a long term basis there is ‘No change as we continue to look for lower whilst below the wave (5) high so remain short with stops at 112500. ‘
Bitcoin Short Term Chart
Last time ‘we sold at 109K with stops at 113K . Leave stops there and if not short sell now. We should see an acceleration lower on a break of the wave i low around the 102k level followed by the all important 100k level’ We traded down to 98k before rallying again to the 108k level. Leave stops at 113k and if you missed the sell then sell now at 107K risking 113k. Alternatively if this wave count is correct we should a sell of to around 105k before a push above the wave (a) and wait until then to sell with stops still at 113k.
Bitcoin Very Short Term Chart
In the very short 15 minutes chart look for a pullback into the 103-105k Level for a push above this morning high. However we are not expecting much higher and a print above the wave (a) high is enough whist below 113K to keep this bearish view alive.
Ethereum Long Term Chart
Last time we said ‘A daily close below 2350 will confirm the bearish view. Lets see if any clues in the short term charts.’ You will wee closed below 2350 confirming the bearish view but there has since been a sharp retracement.
Ethereum Short Term Chart
Last time we said’ We traded to 2880 to complete wave B and whilst below that level we will look for lower. Use any retracement to sell into with a break below 2320 expected to see an acceleration to the downside.’We saw an acceleration to 2115 before a sharp reversal which I am calling leg a of a 3 wave correction. Look to sell around the 2600 level with stops at 2900.
