Crypto Nightly Report: Bitcoin Ideally Topped, Ether Sloppy and Corrective

I have little to add over the past reports. I'm still on guard for an imminent end to the red count and the corresponding fall into white or orange. But I need a clear 5 waves down to believe it. So, just a few notes here:

Bitcoin (BTC) ideally topped in the red three, and traces out red circle iv as shown. But I really need a clear three waves down as shown. If we rally back to recent highs, then circle iii is not done. 

Ethereum (ETH) is particularly sloppy here. The basic nature is corrective, and no catastrophic support has been breached, so I have no meaningful change. However, I do find its structure increasingly questionable. I won't be surprised by a strong break in either direction. That said, I have no real material change to my view from today's action. 

Grayscale Bitcoin (GBTC) is likely still tracing out that minor 2 down. It is possible it finished before the close, and I had posted a swing trade for a small tranche. GBTC's chart has so low liquidity at this level that it won't be a surprise to me if I can't confirm the upside break is setup until it happens. 

ETHBTC is still stuck above that minor wave 2, but it looks about to tip into the lower fibs. There is nothing wrong with this chart until the .032 retracement level is breached.