Bitcoin and Ethereum Elliott Wave forecast

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Daily chart of Bitcoin


Weekly chart of Ethereum



Not so long ago I have prognosticated that Bitcoin will tumble down till 3500$. This forecast is still valid. Here I have come up with a short term forecast where I have mentioned that wave a after wave x will start soon or might have started.  This wave a can move down till 6500$ or even lower near till 6200$ where the channel support is placed.



For Ethereum it is very clear that one more leg on downside is pending. In this case that is one higher degree it has already started. This leg down can go beyond 79$ in for of wave c or wave y.



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