Bitcoin has made new highs yet again. It came just shy of our projected profit target of $38.6K. This appears to be the first leg of the next Elliott Wave impulse. Watch for a small retracement soon. If so, $34.4K will provide support. The Kovach OBV is still very bullish, so there is no reason to anticipate a reversal any time soon. However, the longer it continues to moon without any significant retracement or ranging, makes it look more and more like 2017.
Ethereum has made new highs again, reaching exactly our profit target that we have been proffering in these briefings. This target was $1216 and we've been pretty vocal about it. Our target time frame was two weeks, and it reached the target in 3 days. This is a bit concerning, as we'd like to see some ranging as the product should find footing in its new territory. Observe that we have some significant vacuum zones below, so if there is a selloff it will hit hard. A significant selloff could take us back to $1K easily. Again, this should be thought of as a buying opportunity, just don't be scared if you see your balance at -20% if you fomo in at highs.
Litecoin has been a bit more modest in its ascent. It has reached our profit target of $173. We are likely to face some resistance here, and there are lots of support levels below. A significant dip could take us to $153 or even $140, and this would still be considered bullish. There seems to be a divergence between the Kovach OBV and the price, which is a bit concerning, but there is hardly anything fundamental or technical which should cast doubt on this product.
