So Far So 'Good'


With the exception of a few squiggles, everything is going as expected with our counts on Bitcoin and Ethereum. Every fib is getting hit down to a 'gnat's behind'. So, I'll just swim in the direction of the rapids. Note that I call out resistance levels below but for the most part veering beyond resistance just opens the door to orange count in both. 

Bitcoin

Ideally we see Bitcoin move down to $6213-6075 tonight before a small retrace in (ii) on the chart setups up the heart of the third down to the $5100 level. Note the callout on my chart which suggests we should watch the bottom of the channel for an impulse in case it shows, especially if we extend to the $4800 level directly where 'low pinball' can terminate. But I'll generally detect completion in the subdivision of earlier waves, before we get there. 

Ethereum

Ideally we see Ethereum move down to $192 overnight before a retrace back in circle 2 and then its heart of a third. Ether is cleaner and should not exceed $248 until completion.

In a technical picture, note that we have a daily MACD on both that is about to cross down. It appears we can see a cross down while still maintaining positive divergence, provided price doesn't really fall out of bed. 

Note I'm going to have to rebuild my futures feed over time. I basically lost all the history when trading of Sept halted. I think I have a solution to rebuild over time and handle rolls, but I need to verify with support. 

ETHUSD - Primary Analysis - Sep-26 1529 PM (30 min)
ETHUSD - Primary Analysis - Sep-26 1529 PM (30 min)
BTC continuous - Primary Analysis - Sep-26 1517 PM (6 hour)
BTC continuous - Primary Analysis - Sep-26 1517 PM (6 hour)
BTCUSD - Y Triangle - Sep-26 1521 PM (1 hour)
BTCUSD - Y Triangle - Sep-26 1521 PM (1 hour)
GBTC - Primary Analysis - Sep-26 1521 PM (1 day)
GBTC - Primary Analysis - Sep-26 1521 PM (1 day)
ETHBTC - Primary Analysis - Sep-26 1534 PM (30 min)
ETHBTC - Primary Analysis - Sep-26 1534 PM (30 min)
Ethertechs
Ethertechs
BTCtechs
BTCtechs
Ryan Wilday hosts the Crypto Waves service on ElliottWaveTrader.net.


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