A Glance at Crypto: $BTC & $ETH

Let’s look at the structures on crypto.

On Bitcoin, we remain within the big flag. We have a good fib relationship at today’s high. I see very little here to persuade me that this is a bullish structure.


Ethereum looks better, as it pooped its flag, but only the final leg (this rally) counts well as an impulse wave. That should mean its the last segment of a larger corrective wave. It counts well as complete here and—using a different high for “A” (as opposed to the one chosen for Bitcoin)—it, too has good wave balance at today’s high.


Neither of these look bullish from here, to me, and so if these turn down, liquidity should as well, and equities should follow, I expect.

Note: When articles are first posted, most of them are made available only to my Patreon supporters (I do try to publish some public posts on occasion). Over time (usually after a period of a few weeks or so), I make all of the work public. To gain access to my work when it is produced, please consider becoming a patron. More information may be found on my About page and on my Patreon page. In a nutshell, patrons of any denomination (you get to pick the amount) will be able to read my weekend analyses, Tier 1 members ($20/mo.) get access to all of the articles I write, and Tier 2 members ($35/mo.) get access to those, plus counts on other instruments and my Discord chatroom.

Leave a Reply

Your email address will not be published. Required fields are marked *