Bitcoin (BTC/USD) broke below several key support zones which invalidated the potential bullish 5 wave pattern. Now a bearish correction seems likely. Also Ethereum (ETH/USD) has shown strong bearish momentum which is now testing the previous bottom.
Bitcoin (BTC/USD) is probably building a larger bearish ABC correction. The bearish momentum could be a wave 3 as long as price stays below the Fibonacci retracement levels of wave 4 vs 3.
Ethereum (ETH/USD) broke several chart patterns for a bearish continuation, which is now testing the previous bottom. A break could see price build yet another new low.
Check out the video for the full analysis and trade plans on 9-13 August 2018: