Nightly Crypto Report: Can't Stop This Train

Bitcoin is pushing against the idea of a correction, again.

Bitcoin

I slightly favor the blue count which should hit between $69K and $71,800 as long as Bitcoin remains over $64,400. Below that level should indicate a high B wave top. As long as the move off of the $58K low is three waves, a B wave top is possible. 

If Bitcoin does fill five waves, I will dispense with my black count, and focus on the more direct count to $125K+ as primary. 

Ethereum

I still prefer for Ether to form a B wave top here, unless it holds blue wave-(2) at $3400. If the case, then I will expect a break toward the low $4Ks. 

ETHBTC

ETHBTC has reached the limit of its bullish setup. If it cannot turn here, I will assume that Ether has closed its window where it can outperform Bitcoin, until it shows otherwise. 

ARKB

In light of Bitcoin, ARKB should continue to fill in five waves toward $69-70, as long as over $64.40. Below that level should indicate a B wave top.