BITCOIN PRIMARY
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. (1st May 2020)
Bitcoin remains above support levels and also the 2020 50% level at 8225
The Weekly Regression is suggesting weakness or at least favouring a move downwards into the JUNE 50% level (30th May)
Therefore if we're BUYING the dips, 8846 is the level.
As noted previously, February was below support, we are now above support.
The best scenario would be support around 8846 and a swing to the JUNE highs at 10135.
SET UP A - Breakout and continuation is up towards $14,000+
SET UP B - 8846 moves up into the JUNE highs - stalls and then moves down in July 7659.
Even though there is a possibility that it could move down into 7659, I think it needs to retest JUNE highs first.
Etheruem Primary Cycles
Still trending higher whilst above $200
Target Yearly highs and 333+ the green Channel highs