Overall BTC and ETH Market Health Through the weekend/next week

BTCUSD

Currently- Using Teaching and Custom Indicators from WychoffMode, we have analysis here for ETH/USD and BTC/USD

Indicators here that are important are: Phoenix Ascending, 20MA (blue line) RSI (red line) and Bollinger bands (at the top following price movement)

What we are seeing here For Bitcoin in the 3Day chart is: Phoenix Ascending at 83 and still rising (bullish over 50), RSI at 27 and rising (still bearish) and SMA at 16 and rising (very bearish) . At the 2D chart for Ethereum, using this chart to get some overall market perspective at a slightly different time frame, we have phoenix at 106, RSI at 42 and rising fast (still bearish) and SMA at 28 and rising (still bearish)

- Green line is indicating Price Action and would be bullish while rising and over 50

- When the overall analysis shows bearish, we are typically going to see price BELOW the Dotted BBAND basis, and with the indicators rising it sets a reasonable target when Phoenix and Green line are above 50 and rising, that the Price target should be the basis- If/when the other indicators get/get close to 50, that enables this basis (20MA) to be breached, then allowing targets for the upper white bband, and then the aqua band (we can cross this line when we get that far)

- For now, the analysis shows a good chance to breach the 20MA on the 2 day charts (for both ETH and BTC) and a chance (maybe 50/50) to reach the 3day basis before price would become overextended and likely for a pullback.

This sets Targets for Ethereum as a bull (or if you want to short) at $3086-$3350 during the next, lets call it 6 days (2 3 day charts)
This sets Targets for Bitcoin as a bull (or if you want to short) at $41,300 (already hit)-$43,600