Bitcoin
Last time we said:
Whilst below $24'255, the wave (i) high, we are looking for lower in 3 waves. This will provide us the opportunity to buy. Retracement buy levels come in at $22'160, $20'880 and $19'850. Add to longs at these levels with stops remaining at $16'400
The correction we were looking for is underway, we are close to completing wave (a) of a 3 wave correction. We remain bullish long term but expect a move back to around the 23k level before selling off to the $20'880, $19'850 and possibly $18'815. We would buy at these levels with stops below $16'400.
Ethereum
Last time I said:
A break below the $1'550 level will indicate a larger pullback is in force
I have adjusted the count to show this and we can see that we are now close to completing 5 waves down to complete wave 4. Look to buy at $1'475 , $1'415 and $1'355 levels. Whilst above $1'150 we will continue to look for higher in ETH.
