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.