Bitcoin Short Term Chart
Last time we said ‘I am saying wave 5 is underway. If not long buy now at 64400 and add again around the 61k level with stop below the wave 4 low at 58900’
As you can see we have traded straight up to 93462 but the downward sloping blue arrow in the MACD is likely indicating that a small correction is underway. Given the wave count use any pullbacks in to the 87170 – 83.3k area with stops below 72k. WE continue to look for higher in the coming days / weeks ahead to complete wave 5.
Ethereum Chart
Last time we said ‘We remain bullish in short term and if not long buy now at 2450 with stops below 2250.’
Given the recent fall in momentum (downward blue arrow) 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.
Solana Short Term Chart
Last month we said ‘It appears that the bullish trend resumed in mid august. Look to buy on dips in the 148/152 area and 140 with stops below 126.’
We traded down to 147.67 and have continued to trade higher reaching 225 earlier this week. Looking at the divergence in the MACD the purple down sloping arrow it is signalling a short term top will soon be in place. Use any pull back into the 190-200 area with stops around the 165 or even better 154.50.
