BITCOIN PRIMARY & Weekly Cycles
BITCOIN Primary Cycles Bullish above 8225 and once back above the Monthly 50% level at 9433 Bulls are back in control.
Two patterns in play -
1. Stalls around July highs 9858 - 10202 and moves back down into 9357 (Yellow)
2. Trends up into 10976 - remains above 9858 - 10202 and continues higher in August towards the 2020 highs at $13529.
ETHEREUM
Same pattern as BITCOIN, once back above the Monthly 50% level at $231 it's kicking higher and
up into $372.
Support remains the the trailing Weekly 50% levels before it gets to that level.
If it hits $372 by the end of this week, it's likely to move higher early in August to hit the double top wave pattern (August highs) Take profits.
There after...
Consolidates above the 2020 highs and continues to trend higher into 2021 highs
Therefore we want to be looking for move buying ops on any dips.