BITCOIN & ETHEREUM REPORT 4TH SEPTEMBER 2020


BITCOIN ANALYSIS
BITCOIN PRIMARY CYCLES

Same patterns in the Primary Cycles, but what's the outcome in September, if all trends originate from the Yellow levels and push outward?


It's more than likely it will be weeks away before any new up trend begins from 10100, however it doesn't mean it can't go up, towards 11700 over the next 7 days and consolidate above the September level .

or it can be like FEB/ MARCH

10100 supports price for the next 7-days and moves down to 9053 (NEXT BUY ZONE)

A Flash - crash similar to MARCH will see price down to approx 5900


#BITCOIN

ETHEREUM PRIMARY CYCLES

Price had to come into the BLUE level at $377 for any new up trend to begin

We can see similar price action in June 2019 and there's other instances in previous years.

Therefore today's lows need to close above  $395 by Sunday, for a potential move much higher the following week.

Please note that ETH is trading above the Yearly highs, which is bullish and a breakout.

Bearish pattern will be a sell-off following BITCOIN, back down towards $200