Nightly Crypto Report: Pressing On

Bitcoin continues to push upward in the red count.

Bitcoin

With Bitcoin's break over yesterday's high, I favor a direct push in the blue path to between $72K and $73K to wrap up red ave-((v)). Intraday, I see a 1-2 setup that indicates b of blue-iii likely bottomed. If the RTH low fails, B can comfortably drop to $65,700. 

Ethereum

Ether continues to leave its potential triangle for circle-b. And, even as Bitcoin is seemingly setup for more upside, Ether has formed a bearish 1-2. I can't help but wonder if it is waiting for Bitcoin to finish the red wave-i. Then, perhaps Bitcoin fills in red wave-ii while Ether makes a new six-month low. Such correlation is fraught, butt his relationship seems viable at the moment.

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.