BITCOIN PRIMARY & WEEKLY CYCLES
If there's any selling in BITCOIN, then BUY SUPPORT LEVELS in August are shown above.
I would like this to keep going higher, but it won't surprise me to see a retest of the BUY zone. (Previous Report)
BITCOIN has drifted lower and towards the BUY zone in the monthly timeframes, which now corresponds with the SEPTEMBER levels around 9017 - 8679.
IF BITCOIN is going higher it needs to hold these levels, otherwise it's back down towards 8050 - 7285
We can also see, it goes from above the 50% levels to below the 50% levels at the start of SEPTEMBER @ 10330
I've been very confident that BITCOIN would go higher since earlier in the year. BULL trends that begin in March often see BULL trends last for a minimum of 2 years and up to 4 years.
However, there are signs that things might be different this time, because ALT COINS are not doing as good, which might pull BITCOIN LOWER.
LITCOIN PRMARY & WEEKLY CYCLES
Nearly Every ALT COIN has had the same price action as what we can see in LITECOIN.
The Change in direction based on the August levels, as price is pushed downward from the dynamic 50% level.
This did not happen in the BULL runs of 2016-2017. ALL COINS never moved below those Monthly levels. They were all robust support levels that kept on pushing the trends higher each month.
Therefore, as much as I'm bullish on BITCOIN, there's other reasons to not feel as confident, simply because of the price action in ALT COINS.