Bitcoin Could Test Resistance, Ethereum Looks To Move Higher
Gregor Horvat | Dec 03, 2021 07:05AM ET
Bitcoin is trading within an a-b-c correction, where current intraday consolidation looks to be wave »b«. So, be aware of that jump for wave »c« towards the resistance at $60,000-$63,000 to complete a higher degree wave B/2 before a continuation down within wave C/3.
Ethereum could move higher within a three-wave (A)-(B)-(C) rally, where wave (A) could be still in progress. However, there's a chance that wave (B) pullback is already in play, but in both cases be aware of that final jump towards the $5000-$5300 area before it finds the top.
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