BITCOIN & ETHEREUM REPORT - TRADING ANALYSIS 31st January 2021

 

ETHEREUM  PRIMARY CYCLES

Break and extend pattern in the Monthly cycles from January @ 937.

Expectation it will continue to the February level @ 1825 +

Bullish above 1,280

However, I would not be surprised to see it move down into 1119 before Blasts higher

BITCOIN PRIMARY CYCLES

After the early run up in January to 42,000+, I was hoping that it would crash back down into the January YELLOW, which matches the 2021 50% level @ 23,300 and then once again add to more #Bitcoin for the restart of the Bull Market.

That has not happened, therefore the February YELLOW at 31,119 is of interest, as all TRENDS begin for the YELLOW and extend outward.

Outward could be down - 2021 50% level

However, it could also be $60,933 in FEBRUARY, and that is what I'm expecting.

Note  - $37,769 is the same levels as $13,529 (Yearly highs)

we need to see price above that for more buying to occur.

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