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Bitcoin short term update

Bitcoin short term update

A quick followup to yesterday's post,The break from 38.2% (C) failed to make a new low and as mentioned, when this happens 61.8% (D) becomes the target. I also mentioned that a lot of the failures to make a new high/low after holding 38.2% come at 78.6%. This is exactly what they did overnight.  We are now looking for 38000 (61.8%) and as the rally continues, it should start to hold 38.2% on the setbacks to confirm the uptrend. That is the short term view.

These are the long term swing points for the other cryptocurrencies,

Bitcoin 43600

Ethereum  2750.00

Litecoin 231.00

Ripple 1.15

Dogecoin 0.416

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