Looking for One More Push


For long-term traders, we have the first strong signs this bottom WILL hold. But, long-term traders may want to wait for the diagonals shown on the ETH and BTC charts to fill out. 

Or, you may simply decide on what sort of long-term position you are comfortable holding, if we are were slide into the January lows, increasing the likelihood that they break. 

I much prefer that our bottom is in, but the patterns off the low are not clearly impulsive, so one must still take care if fully positioned.

For intermediate-term traders, Bitcoin put in a strong bottom at $3120, which aligns with the long-term support for my primary count, at $3000.  Holding there suggests good probability that we see a run to $65,000 - $225,000.

For as long as our low in wave 2 holds, we target $127,000 before this bull market is over. 

In Ethereum intermediate-term, as long as our low in wave 2 holds, we target in $2,315 before this bull market is over. 

In GBTC intermediate-term, as long as our low in wave 2 holds, we target in $178 before this bull market is over. 

Short-term, I have a short-term scalp on in Bitcoin for the next high but will sell back to core at $9300, or a breach of $8455. 

In addition, GBTC confirmed our red count and I am looking for a reversal at C between $8.83 and $8.33 barring an earlier surprise. I will either sell into one more high in the leading diagonal, or add to my position into red C. 

GBTC - Primary Analysis - Jan-16 1536 PM (15 min)
GBTC - Primary Analysis - Jan-16 1536 PM (15 min)
GBTC - Primary Analysis - Jan-10 1521 PM (6 hour)
GBTC - Primary Analysis - Jan-10 1521 PM (6 hour)
ETHBTC
ETHBTC
ETHUSD - Micro - Jan-16 1536 PM (30 min)
ETHUSD - Micro - Jan-16 1536 PM (30 min)
XBTUSD - Micro - Jan-16 1536 PM (30 min)
XBTUSD - Micro - Jan-16 1536 PM (30 min)
XBTUSD - Primary Analysis - Jan-10 1522 PM (6 hour)
XBTUSD - Primary Analysis - Jan-10 1522 PM (6 hour)
ETHUSD - Primary Analysis - Jan-10 1522 PM (6 hour)
ETHUSD - Primary Analysis - Jan-10 1522 PM (6 hour)
Ryan Wilday hosts the Crypto Waves service on ElliottWaveTrader.net.


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