Nightly Crypto Report: Filled In
By
Ryan Wilday
Bitcoin has filled in what I wanted to see in order to complete circle-B. Now we see what it is made of.
Bitcoin has fulfilled my basic expectation for ((c)) of circle-b so that it can top anytime. However, it takes a break below $64,300 to suggest just a local top.
Extending beyond $68,600 opens the door to the red count. Note that yesterday I incorrectly quoted $67,600.
Ethereum
Ether broke over support, although wave-(ii) is not invalid yet. However, I now expect a move to between $2800 in the alt circle-b.
ETHBTC
I would still like to see this pair bounce in circle-b however, it appears like it is more likely headed to long-term support at 0.03. Below that level, the chart provides support at 0.015 and the all-time low at 0.007.
