I've been watching BTC for a bit and have held a chart on it showing 33K for some time (attached link). After last nights sell off (actually the other day now because my original post was flagged) I think more down is to come (this has since played out to fruition). There's plenty of room in the RSI to move further down. That drop also saw a lot of volume so we will likely still see a low volume dump coming. None of us want to believe it but the weekly charts have to retrace same as like all of them. This is my current ETH Analysis. The blue waves being a more a macro wave. Firstly I find it interesting that blue wave 2 target lands perfectly where the bottom of the Bollinger Band is (Blue line, std dev 2). There will be a lot of support here. Good for a bounce on a wave 3. The purple waves are the five wave structure that make up blue wave 3. This 5 waves comes in decently close to blue 3's target. So some validation there that I could have the trend nailed down. Overall a little down to around 2900 then blast off to the $8K ranges.
My original published Eth chart was flagged. Looks like ETH bounced at my w2 target though.
My original published Eth chart was flagged. Looks like ETH bounced at my w2 target though.
