Bitcoin & Ethereum Report 1st August 2020


BITCOIN Primary & Weekly Cycles

Minimum Move on #Bitcoin is to 11824

We've seen in the past that the start of the next month we could see a move downward starting next week back towards the August level at 9934. (Support)

However, I think this is different and it's following the move on Ethereum and continuing higher towards $13529 (Yearly Highs)

Ethereum Primary & Weekly Cycles

Target $369-72


Around those highs we could see sellers appearing trying to push it back down into $300 Support

However, if Bitcoin continues higher, the Ethereum will be moving towards the August highs - 2 wave pattern and exit.