btc looks to be completing the extended 5th wave of the bearish structure. I am expecting a little further downside to finish this before some sort of a correction and then most probably another wave down.
watching for price action at this level to indicate if price is starting an uptrend by breaking out of descending channel. or wether this is a bigger correction to retest the low. I believe it will bounce and go higher but it also depends on BTC.
usd chf has gone and tagged the low as expected which indicates this is the bottom of the bigger picture which i previously posted. it has also broken out of its current downtrend and is consolidating.