The next 12 hours in the Crypto Markets to determine the overall trend. The most likely case is another leg towards the downside. However, if there is continued sideways to upwards choppy price action then we might see a continued rise.
News:
Rise of Credit Cards Being Used For Crypto Purchases:
South Korea Backs Off Crypto Ban:
Bitcoin is either in the first of a 3 wave down or else start of a 1&2 wave upwards. Too hard to tell with this price action.
Ethereum is exploding higher but the wave structure is very forceful but could be short lived as we see the end of the 5th wave. This would compliment the wave structure of a BTC decline. Therefore we might be looking at an unknown news event on the horizon that might cause a huge decline across the crypto sphere.
Ripple could be an 1-2 Wave higher but it will take more time to see if there is not a lower leg to come.