Crypto Charts 114

Bitcoin

Last time we said:

Look for a sell off from current levels and start to buy at $28'880 , add at $28'100 and again at $27'330 with stops at $26'000. As last week we expect a sharp acceleration on a break back above $32K

We traded to $31'818 before selling off sharply and it appears that the first leg down in wave (c) is underway. We continue to look for lower in the coming days and will use the same levels as last week to start accumulating a long position.

Ether

Last time I said:

Look for another sell off into the $1'780 – $1'742 area where we would buy with stops remaining at the $1'620 level mentioned last week

I have adjusted the count but not the view and like BTC we are looking for a sell off into the levels mentioned above to start buying.