BITCOIN PRIMARY & SECONDARY CYCLES
Resistance levels in BITCOIN (6613 - 7063) (previous Report)
After hitting resistance, I'm now leaning towards
BITCOIN moving down towards the 2020 lows.
The Break and Extend Pattern would ideally like to follow the trend lower into April's lows for the Next BUY Zone, which ever comes first.
Ideally the BEST BUY ZONE would be as low as 1786, but anywhere in between that and 2986
BITCOIN HASN'T MOVED DOWN INTO THE 2020 LOWS, BUT INSTEAD HAS STALLED AROUND RESISTANCE LEVELS FOR THE PAST 7-DAYS.
THOSE RESISTANCE LEVELS DISAPPEAR NEXT WEEK, AS WE MOVE INTO APRIL, SO THERE'S COULD BE A REASON FOR IT TO MOVE HIGHER AND UP TOWARDS 8199 (2020 50%)
HOWEVER, IF WE FOLLOW PREVIOUS PRICE ACTION IN BITCOIN IN THE WEEKLY CHARTS AND ADHERE TO THE DILERNIA PRINCIPLE OF BREAK AND EXTEND IN THE MONTHLY CYCLES, IT SHOULD CONTINUE DOWN INTO THE APRIL LOWS
NOW THAT MIGHT NOT HAPPEN FOR ANOTHER 5 DAYS.
THEREFORE, EVEN THOUGH BITCOIN CAN GO HIGHER, AS RESISTANCE DISAPPEARS, i'M STILL LEANING TO MORE DOWNSIDE
ETHEREUM PRIMARY & WEEKLY CYCLES
THE SAME APPLIES WITH ETHEREUM, IT MAY MOVE HIGHER INTO 177/186 (RESISTANCE)
HOWEVER, I WOULD PREFER TO BE A BUYER AT MUCH LOWER PRICES IN APRIL
(read previous report on Ethereum for a more detailed analysis)
(read previous report on Ethereum for a more detailed analysis)
