- Bitcoin and Ethereum Intraday wave cycles
- Bitcoin traders in the support zone
- Ethereum is back to highs
BTCUSD is still trading in the strong support zone for wave 4, but we need to see a decisive break back above 64k level to confirm more gains within wave 5. However, it made an interesting spike down yesterday and we warned about that drop as part of a potential leading diagonal, which can be still in play, so keep also an eye on bearish COUNT #2, where ideal resistance would be at the former wave »ii« swing high around 61,8% Fibonacci retracement.
Bitcoin 1h Elliott Wave Analysis
ETHUSD is back to highs as we also warned about, but now that is hitting all-time highs and finishing 5th wave, we have to be very careful. We actually still see room up to 4400 – 4700 zone. However, any earlier sharp or impulsive decline back below 3900 region would be definitely signal for a temporary top.
Ethereum 1h Elliott Wave Analysis
