BITCOIN & ETHEREUM Market Update!
I'm doing a market update after a long time. A lot has changed and I hope we are finally in an uptrend.
So let's begin with the first one!
BITCOIN
Count no.1
In this count I think that we have already finished our 3rd wave on the larger degree and are starting out with the fourth wave which might take us down to T1 - $7,500 and T2 - $7,200.
There is also T3 but I don't think we'll get there T3 - $7,000 - $6,930.
![](https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQma2xcpJLKDi6Xre36wtjunHefh3qCz5bdmdDd5PHeLidp/image.png)
Count no. 2
In count two I believe that we are completing 4th wave of the smaller degree and there is still a small push remaining for the 5th wave on the smaller degree and then we move on to the fourth wave on the larger degree as shown in white.
![](https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQmeVYiiETpUKoNjHV9Rgg5Ha3SCq6uyZNUt9FhnMsPN7AW/image.png)
Any which wave you look at it this is not the time to be going long on bitcoin, wait for confirmation before entering a trade on this.
ETHEREUM
I don't have much to say about ethereum. The chart just looks scary, we are in a massive descending triangle and I only say that I hope we get an E wave failure to the upside and not complete our E wave and crash down to lower price range
![](https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQmYc98ERm2qTkyaKi2rJ52PnKenJex4MkkGf8Lsov8jx4E/image.png)
We might not even complete the D wave properly, it looks very weak.
![](https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQmYD98RK6KFyar249PHP64XByKFmp5gdpecGi9DC8EMyz3/image.png)
catch the trends not the small scalps!
@VARUNPAHERWAR
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