Roadmap - Market Analysis on Mar 6th, 2019

I'm going to make some roadmaps this morning as we have a key moment in the attempts for higher levels. I'll attach BTC after I work on it but here is Ether. In both coins we can call them 5up off the low. Although, in nano appears the high only be a B wave and that it will drop back to 4 and make another run higher. Any levels will change if they need to, by further extension. But that's nano and it is best in my view to treat it as done, and watch support.

As statedI am now flat short term. I may scalp short. Below I have marked support for red, the beginning of breakout. While it is possible that it takes a more direct route over the February 23 top, this is the minimum in red. A drop below the box marked by red two suggests strongly that we are in orange or headed to lower white 2. Below the start of this move up is confirmation. I'll need to see structure to tell the difference between white and orange, but will see no reason to be long short term until deep into white. 

Confirmation of the start of a third comes with a break of February high, however filling out red is our best early 'warning'. 

So, the key level in Ether now is $126.63 for Bitcoin $3819, and I'll move that level up if we extend in this move higher. 

ETHUSD - Primary Analysis - Mar-06 0516 AM (15 min)
ETHUSD - Primary Analysis - Mar-06 0516 AM (15 min)
XBTUSD - Primary Analysis - Mar-06 0535 AM (15 min)
XBTUSD - Primary Analysis - Mar-06 0535 AM (15 min)
Ryan Wilday hosts the Cryptocurrency Trading service on ElliottWaveTrader.net.