Can We Bottom Here, Today?
Just a quick two charts in this post. I'm looking into our bellwethers for a bottom pattern.
Ether:
https://www.elliottwavetrader.net/p/analysis/E-201805234716215.html
Bitcoin
https://www.elliottwavetrader.net/p/analysis/BTCUSD-201805234716202.html
I think we're headed to $7,000 before we bounce. Still some more weak hands to shake out and some more accumulation for the whales.
$7085 is warning of a breakdown below April lows in my work. However, if this pattern fills in, getting there is less likely.