Not much change from last weeks view as we await a sell off towards the $17'500 level. This corrective rally should end below $20'453 and we would look to sell on any rallies whilst below that level. A move back above $22'800 will signal a low is in place for BTC.
In the last update we said:
A move back above $1'565 would be the first signs a low is in place
With a high so far of $1'530 we haven’t broken the level but given the impulsive break out of the trend channel I have updated the charts to show the more bullish view that calls the October low at $1'193 the end of the correction and wave (ii). If correct we should see the ETH accelerate quickly to the topside with next target once $1'565 broken a break above $1'800.