BTC and ETH - complex (waves) 31.01.2020

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Hello everyone, dear friends!

Today we look at the price dynamics of Ethereum and Bitcoin .
Both coins are ready to beginning of the price correction, but the overall dynamics remains upward.
We do not recommend purchases in the current situation.
For buy Bitcoin , a good level is the support level at 8100.
For buying Ethereum , a good level of purchases is the support level at 160.

Sales are relevant in the case of updating local highs and only after breaking through the local trend lines .

Good luck to all!
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Really Interesting, thank you.
I guess the debate is about whether ringed iii (on BTC) is possibly ringed i, in which case ringed Iv is really ringed II. I guess that is why there is congestion around 9400. I personally thought that there were a number of first wave extensions, and the end of wave 2 was 25th January. ETH is much cleaner, and if wave 2 turns at 157, wave 3 turns at 220.
thank you Quantum
I like chart
Here are my thoughts:

WAVE I: rise from $6450 (Dec. 18) to $7710 (Dec. 23)
WAVE II: fall from $7710 to $6870 (Jan. 2)
WAVE III: rise from $6870 to $9185 (Jan. 19)
WAVE IV: fall from $9185 to $8230 (Jan. 24)
WAVE V: rise from $8230 to $9580 ?
(This $9580 may be the end of WAVE V, but it may only be the end of wave 1 of WAVE V.
We need to carefully observe the market movement now. I agree that there is a correction now, but it may be the wave 2 of WAVE V.)
btcusd d1 best level to short for 30-35% gains (NEW).
check out this idea
+1 Reply
@David_Smith, thx for sharing
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