Cryptos Starting to Slide in Wave 5

Jan 31, 2019 - 5:19 PM EST

This is a short report to offer updated charts and to say that it appears we are starting to slowly slide in our wave 5's.

Ethereum's movement is more convincing as it really filled in its wave 4. Bitcoin's was shallow but that is typical. I'll be watching this via phone alert so I'll be able to observe the bottom.

Ethereum should be going into the mid nineties. Bitcoin may momentarily punch through $3320. Given how low Bitcoin is going, I plan to watch it for a sign of a bid before I put on a decent position. Provided I'm awake when this happens, I look forward to seeing anyone on at the bottom.

GBTC - Primary Analysis - Jan-31 1409 PM (15 min)

XBTUSD - Primary Analysis - Jan-31 1407 PM (15 min)

ETHUSD - Primary Analysis - Jan-31 1407 PM (10 min)

ETHBTC - Primary Analysis - Jan-31 1408 PM (45 min)

Ryan Wilday hosts the Crypto Waves service on ElliottWaveTrader.net.

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