If my wave count is correct, an exciting time has begun for the cryptocoins. Bitcoin is likely on a path to ~ $5000 and Ethereum on a path to ~ $850. My guess is that most of the altcoins will eventually join the party as well.
XBT is retracing a bit as traders long from $1850 take profits at the ATH. ($900 per coin in 3 days. How sweet is that?) Retracement could go back to ~2555, but my advice is to be watchful because I imagine we will be looking at that 3rd arc ~$3600 in fairly short order.
ETH has been slow to join the XBT party, but I am of the opinion that will change soon. On the short term chart (not shown) the chart is trying to penetrate 5th arc resistance as there words are being typed. Target is ~$850
Traders active within the GeometricThinking chat group were advised beforehand that today is an astro-related energy date likely to propel LTC higher. This date was highlighted weeks ago. And today has indeed been a launching point.
As discussed in LTC’s case, XRP has been identified as a coin to watch as it has an astro-related energy date tomorrow. My guess is that you will see a long green candle on this chart the next time I publish.
Remember: The author is a trader who is subject to all manner of error in judgment. Do your own research, and be prepared to take full responsibility for your own trades.