[pcabc]

Bitcoin moving back through its 50 day MA as it continues to build a base in a "Daily" Stage 1 range. The weekly chart remains in late Stage 3 however.




Ethereum approaching the 50 day MA within a potential "Daily" Stage 1 base in Phase B of the developing structure. Like Bitcoin, the weekly chart remains in late Stage 3 however.

My breadth chart based on a pool of cryptos backs that up:
3. New Highs minus New Lows is definitely negative.

5&6. The Weinstein Momentum and similar 1% Advance Decline are below zero and still falling.

8&10 the McClellan Summation Indicies are very negative at present.  May be headed upwards?

12 & 13 the % cryptos above their 50 and 200 day EMAs are very low, but obviously for the shorter time periods there have been upward blips to higher %'s.

14 & 15 the Silver and Gold Cross Indicies are very low with the Gold Cross Index still heading downwards. 

On this basis the cryptos have a lot of work to do before things turn up.  I hope that it is the start of a Stage 1, but apart from the higher lows in Bitcoin (not checked other charts) there is a lot to do to get it much stronger.