Back in the previous ZONEBTC has shifted down to the previous consolidation zone. showing many signs of a reversal but also many signs that price might hang around at this level for sometime.
Everyone seems to be waiting for a decent pullback. finally BTC looks like it may correct creating LH's on the 4hrly.
a correction down to the mid 16k will be a healthy correction it has previously been a demand zone. I wouldn't expect price to stay there for long. keep on eye on MACD crossing.
BTCUSD 4hrly
Swyftx
ETH looking bullish! ETH had a double bottom which played out perfectly driving price to a key level of resistance.
Price was rejected but still maintaining the solid uptrend.
A bounce off the 38. on fibs should give another nice impulse back up to that key level.
a close above will take us to previous structure at around $538
Wicks to the down side tell me that buyers are in control keeping the price up.
If we fail to bounce off the 38 nicely I would expect us to consolidate down at the 61.8
ETH/USD
4hr