Crypto Charts 116

Bitcoin

Last time we said

‘The sideways price action look like we are in the late stages of a wave b triangle. Once complete we will look for a thrust below $29'660 to confirm lower in the coming days and start to buy at $28'880, add at $28'100 and again at $27'330 with stops at $26'000’

We managed to buy to buy at $28'880 meeting minimum requirements whilst above the $28'500 level we will continue to look for higher, raise stops to that level and look to rebuy again at last week's levels.

Ethereum

Last time I said:

‘Look for another sell We should remain below $1'930 expecting to see a break of the support level at $1'818-$1'835 level. Expecting a push lower into the $1'780 – $1'742 area where we would buy with stops remaining at the $1'620 level’

We traded lower but stopped at $1'819 and whilst above there we now look for a higher. If we break close longs and look to rebuy at the levels mentioned last week.