Bitcoin medium Term Chart
Last time we said that a wave (iv) lower was underway and lets see if this correction is close to ending by looking at the short term chart.
Bitcoin Short Term Charts
Last time we ‘Looking at the short term hourly chart it looks as if the we are tracing out the final leg lower in the BTC to complete the wave (iv) correction. With targets at the bottom of the channel and the equality in length of wave A=C in the 85.5k-87k area, where we will start buying again, ‘
We were correct in the correction but fell short of our initial target at a low of 89.3K.
But in the later ETH update we called the low perfectly and bought back at the same time.
Ethereum long term chart
Last time we said ‘its is clear that we are correcting before the final wave (v) of wave 5. Once wave 4 is complete we should see a sharp acceleration to the topside and new highs.’
Not too much top add to the long term buy you can see we tested the 61.8% retracement level before reversing. Lets look at great detail in the hourly chart.
Ethereum short term chart
For those that
The green circle was our target area and those levels remain the same . I am buying now at 3087 and will add again 2950 again at 2770 with stops below 2600. I like to buy both crypto pairs down here and start to build longs again on any further dips.’
As you can see we traded down t0 2928 right in to our recommended buy area. If not long buy now as the topside is about to explode. Raise stops to 2700 now.
