Crypto Charts December 18th

Bitcoin Short Term Chart

It looks to me that we are the start of the final leg higher in this current run.  As you can see the trend channel along with the retracement levels all lie in the  101300 – 104960 area and if not long already  I would buy  now as we are slightly off the highs  or leave a  order  to buy in the levels mentioned before. A move below  94700  would result in a reassessment of this wave count but not the over all longer bullish view still.

Ethereum chart

Last time we said ‘I will use any pullbacks in to the 2895-3025 area to add to longs.  Raise stops to  2325 level now expecting much higher in the coming months.’  We just missed the chance  to add to long positions with a  low of 3032 just 7  dollars away  from out first buy levels. Since then we have continued to grind higher despite  a fall in momentum like BTC I am happy to buy now with a  move back below 3000 level not negating the bullish , but a larger than expected correction . Remain long and buy on dips.