ETH continues a 5 wave move up to reach the $1400 + target. At moment ETH is in 4th wave correction expect small pull back followed by continued advance to 5th.
COMPLETING "B" WAVE EXPECT BTC TO REVERSE HIGHER TO COMPLETE B BEFORE EXTENDING TO TEST PRIOROR LOW OF 11159.63.
BTC IS IN AN EXTENDING "B" WAVE OF A-B-C PATTERN. B WAVES CAN SET NEW ATH PRIOR TO C WAVE CORRECTION. FUTURES EXPIRE ON JAN 18TH WHICH WILL CREATE HIGH VOLATILITY AND POTENTIAL FOR A MASSIVE SELL OFF. ALL FUTURES ARE TIED TO GEMINI EXCHANGE FOR CLOSING AND GEMINI'S ABILITY TO HANDLE THE VOLUMES MAY NOT BE CAPABLE. REGARDLESS, THIS IS THE FIRST FUTURES "TEST" OF...
BTC has not established an upward trend and strongest probability is BTC extends lower retesting $11159.63. I cannot see a continuation rally pattern at this point and downside risk remains likely.
ETH is in an upward diagonal triangle with odds it breaks out above $900.00. This form or triangle normally breaks upward - statistically important to upside over $900 and likely reaching $1400 if $900 is achieved.
15 minute "B" ( small a up to small c) wave scalp chart.
XRP CORRECTING IN A B C WAVES FROM ALL TIME HIGH. EXPECT LESS SEVERE CORRECTION THAN BTC IS UNDERGOING.
XRP AFTER SETTING AN ALL TIME HIGH ON 12.30.17 IS NOW ENTERED A CORRECTION. EXPECT AN ABC PATTERN BUT WITH POSITIVE MOMENTUM THIS COIN HAS ENJOYED IT IS EXPECTED TO BE FAR LESS SEVERE THAN BTC AND OTHER CRYPTOS. EXPECT A B WAVE RECOVERY BEFORE RESUMES LOWER IN WAVE C.
ETH EXPECTED TO CONTINUE ADVANCE EXTENDING IN 5TH WAVE TO NEW ALL TIME HIGHS ~ $1480.
BITCOIN WAVE "C" CONTINUES TO EXTEND. EXPECT TO TEST PRIOR LOW $11,159.63 WHERE SUPPORT MAY BE FOUND ALBEIT TEMPORARY.
Chart remains same corrective Wave "C" continues to progress with possible support and trend reversal at $11159.00 which is the low set early in this correction. IF the $11159 range fails look for 6100 levels to likely be reached.
Wqve "C" in progress to bottom. Possible support $11159.63 but more likely we going to $6100 range or lower.
Wave "C" down is in progress. Possible bottoms are shown on chart. Most likely support is $11,159.63 which is the former low established last when this correction began. This chart has not been wrong since the correction started for those of you new to Elliott Wave study since first posted on 12.24.2017.
Ascending triangle expect to fail shortly.
Short term BTC is looking at barrier triangle suggesting downward is immediate move. Illustrates one of the triangle patterns in Elliott analysis.