Bitcoin Weekly Chart
No change on a weekly basis, whilst below 66923 we will look to sell rallies. A break above will call for a test of the 68900 level, where we will look to sell again .
Bitcoin Daily Chart
Little changed on a daily basis as Since the last update, we have traded higher, but on a daily basis, we are looking for a selloff and a daily close below 62k to confirm that wave (iii) is underway. A move above 66923 doesn't negate our bearish view, and we will look to sell approaching the 50% retrace level at 70274.we await an acceleration to the downside. A daily close below 62k should confirm that wave (iii) is underway.
Bitcoin Short Term Chart
Last time I said, ‘We have continued to make lower lows and lower highs, so if the wave count is correct, we should see an acceleration lower with a break below the wave a low at 61.5K, we should see a sharp drop. I am happy to sell now at 62.5K with stops at 65.7k or preferably remaining at last week's level.' The high so far has been 65439, I would sell now at 65220 with stops back at the wave (ii) high at 66923.
Ethereum Long Term Chart
Still no change on the daily ETH as we continue to look for lower whilst below 1979. If not short sell now at 1840, with stops above last month's high.
Ethereum Short Term Chart
Last time we said, ‘I am happy to sell now at 1880 with stops 100 dollars higher.' The high so far was 1939, and we are currently trading at 1925. If not short sell now, as I am still expecting a sell-off whilst below 1980. Let's look at the 15-minute chart to see if there are any clues in the very short term.
Ethereum 15 Minute Chart
Last week in the 15-minute chart, I said ‘If not short sell now at 1835 with stops 100 pips higher. Theoretically, we should not break this morning's high and the 1900 level.’ We have been very close to breaking wave ii at 1940, stopping us out at the 1936 high. We are currently trading at 1925, so I am reselling now with stops at 1945.
