BITCOIN PRIMARY & Monthly Cycles.
BITCOIN is back above the 2020 50% level and we have been here before, however this time it's aligning with the BITCOIN-HALVING in 8 days time that everyone is familiar with.
Is Bitcoin going to go Parabolic soon after, or is it going to DIP down for a number of weeks before going up over the next 12-18 months. 50k - 100K price targets
If it's Parabolic then it's towards the Yearly highs @ 13529 - 14350 before it retraces into the trailing support levels ( YELLOW)
If it's the latter, then it should continue higher into the MAY highs and then reverse back down into Support levels.
Support levels 2020 50% level @ 8225
Yellow @ 7425.
HOWEVER, BITCOIN can come under more pressure if US markets start to Trend lower, (READ US MARKET REPORT)
Over the next 12 months, we're all presuming the BITCOIN is going much higher, therefore you want to be BUYING the DIPS
Those DIPS will always be the YELLOW LEVELS in the monthly time frames.
ETHEREUM Primary & Weekly Cycles
Above the 2020 50% level at $200
looking to move towards the Yearly highs @ 333, obviously it can go higher towards 465+
However, look out for retracements
XRP Primary & Weekly cycles
XRP lagging the others, therefore it needs to clear .295