BITCOIN PRIMARY & WEEKLY CYCLES
I still continue to see BITCOIN going into the APRIL lows.
March Resistance will most likely continue for the rest of the week and then push lower from next week. However the resistance does disappear and it could move higher into 7875.
We still view BITCOIN is a BREAK & EXTEND pattern from March into April lows.
If we look at previous price action in BITCOIN, the downside targets normally reach in the 3rd week of the Month. Therefore we want to be looking for lows 20-24th April.
The ideal price action is for BITCOIN to move down and then swing up - SETUP A
SETUP B
finds support then moves sideways into MAY and then drops down into the 2020 lows of 2966 and as low as 1766
ETHEREUM Primary & Weekly Cycles
Ethereum is slightly different, as it's being supported around it's MARCH lows and could swing upwards (SETUP A)
However, Support does disappear at the end of the week and with a view of going down, along with BITCOIN - SET-UP B