What up traders. If you saw my last analysis, I saw us hitting at least $200 where I thought BTC would pull pack around $9700. It pulled back a bit and then "Well it went to fucking $10,000", and when I saw the Ethereum price leave the channel on my last analysis, man did it fucking pump. So now we are in a different channel and I think we will cool off for a bit now. Here are my reasons. 1. We are at the .386 fib level from our swing high at $362 down to our swing low of $117. (2) The last time we pumped up to $362 from $83 we stopped at .382 fib level. 3. This looks like a perfect ABC correction up. Wave A and C are of exact equal length and this looks like a perfect 5-3-5 up. (5) I believe this 5-3-5 is wave A of a larger ABC correction. (6) It doesn't take an idiot to know that after we go up finishing wave A, that wave B should retrace to at least the .382 fib level around $178. (7) Stochtastics on the daily and the 4 hour are overbought and about to cross. (8) hidden bearish divergence on the 2 hour chart. So my analysis is to watch this channel. A correction to 196 -202 in the short term with a medium term correction around $178. I'm also keeping an eye on $220 for one more small leg up where we could wick above the channel as a fake out before we retrace to my buy zone. Not trading advice, just an idea, set your stop losses. Later traders!!