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Ethereum led the charge in the big coins yesterday, moving price from sub $190’s to +$210. Not a bad day’s price increase. I was hoping that my 21 Litecoins would move from lower $50’s USD to +$100 USD on some big, secret news rumor involving that coin. OK, let’s be realistic here. The term “hoping” should be replaced with the word “hallucinating.” That sentence makes much more sense.

Let’s see what the Google machine is currently thinking for headlines:

• Battered bitcoin investors holding on to hope of a bullish seasonality cycle reappearing soon
• Good possibility Bitcoin is below $1000 USD next year
• Can Bitcoin price be greater than $100 k USD in 2018?

Confused? Me too. I’ll take the first and third option if I could, please. And I’m more than happy to pass on item #2. A $1k - $100k price range within the next 15 months? Not bad! I need to get an analyst job to get paid some real money for pumping out projections!

With that said, this blog adds to the above mentioned noise because it really is nothing more than :

Random thoughts for entertainment purposes on cryptocurrency short term prices. This post is purely for entertainment value alone, and is not intended to represent or constitute financial advice. I DO own a position in all of these coins. Always provide your own due diligence and risk management in respect to investments.

Format Update

• I did clean up the wave charts to better reflect timing differences in pivot high cycle times vs. pivot low cycle times

I’ll add ETC cycle charts next week, too.

Today’s Updates

• No new trendline breaks generating long or short targets

• Litecoin is extremely overdue for the manifestation of a pivot high point; looking for reversal

• Ethereum is becoming overdue for the manifestation of a pivot high point; looking for reversal

• Steem is overdue for the manifestation of a pivot high point; looking for reversal

My charts are listed below.

Bitcoin

Ethereum

Litecoin

Steem

I hope everyone is planning on a wonderful weekend. I just need to get through today, buy some more Toppling Goliath, and see my beloved Milwaukee Brewers win tonight. I think me being on #4 of coffee this morning is telling of how this day might go. Good luck and good fortune to us all.