I want to point out something very important, about the challenge this point faces. As stated, when you reach the .764 extension and top like you have you risk having a C wave top. This condition can exist to the 138.2. But the fact that we completed 5up to that extension in Ether and Bitcoin is ominous. However, we have a lot of charts that have not gotten that far, and in fact have very nice fib levels for a 1 of a third. So, this 'ominous action', is not a concern across the whole market. That makes my job challenging. Do I lean bearish or bullish? I want to stay neutral and watch each chart for support, and not start to lean one way or another due to a certain chart.
I have two examples in ETC and ETH, with ETC bullishly poised. I have pointed out the fibs I am talking about with red arrows.