BTCUSD ETHUSD - Market Analysis on Dec 7th, 2018

ETHUSD: initial target is hit but since I do not see convincing bottoming pattern extension to 71 region seems to be a reasonable expectation.

BTCUSD: support at 3860 was broken - and ideal target in the 3008 - 2830 region appears in the cards (valid until at least 3672 is taken out).

BaseCase - ETHUSD - Primary Analysis - Dec-07 1952 PM (1 hour)
BaseCase - ETHUSD - Primary Analysis - Dec-07 1952 PM (1 hour)
BaseCase - BTCUSD - Primary - Dec-07 1954 PM (4 hour)
BaseCase - BTCUSD - Primary - Dec-07 1954 PM (4 hour)
Arkady Yakhnis provides extensive coverage on precious metals, energy, and forex at ElliottWaveTrader.