Tag Archives: ETH

BTCUSD And ETHUSD Both Looking Up

Peter Adamson

Bitcoin is moving sideways around 38,2% Fibonacci retracement after that nice move up last month, so it’s wave 4 that can be either a three-wave pullback down to 8400 level or even a triangle, if price will stay slow and trapped in a range. Both are corrective patterns, continuation patterns that can send price back above 9750 level. more…

Cryptocurrencies Short Term Update

Daud Bhatti

The leading cryptocurrencies BTCUSD & ETHUSD rallied up from 09/15 low in a 3 waves Zigzag structure which ended wave (1) as part of an expected 5 waves diagonal to the upside. Both instruments is now doing a short term pullback in wave (2) as a double three toward equal legs area ($3740 – $3549 for bitcoin) and ($269 – $253 for Ethereum) where it should resume higher or bounce in 3 waves at least. more…