We remain mildly optimistic that the lows are in until shown otherwise. If we hold the current lows then we will continue to look for a steady rise higher. This market remains in shaky territory but that is why there are gains to be made because that imbalance and uncertainty allows for price discovery to change, in this climate profits are to be made.
News:
South Korea Confirms No Plan To Ban Bitcoin:
https://www.zerohedge.com/news/2018-01-31/finance-minister-says-south-korea-wont-ban-bitcoin
Smart Banknotes To Bring Crypto To The Masses:
https://hackernoon.com/these-smart-banknotes-could-bring-crypto-to-the-masses-4be57bcca1c7
Bitcoin is appearing to finish its Blue Wave 2, the current low needs to hold in order for the count to remain valid. If BTC breaks to new lows, then this will invalidate the count. If the rally continues, this market should rip up higher because the BTC Shorts will start to feel a world of hurt.
This is the updated Ethereum Wave Count.
