BITCOIN & ETHEREUM REPORTS 1ST AUGUST 2021

 

    ETHEREUM PRIMARY & QUARTERLY CYCLES

Early selling pressure at the start of the quarter, but a last week of July breakout above the cycle highs has seen the bull market return. 

Personally I don't like using the term Bull and Bear, I prefer to use rotation and extension within TIME.

Short term likely to push up into the August level of 2,968 over the next 7-10 days.

with a target of $3,414 in September and a level of 6,600k on anything above $3414.

Any short-term weakness at the start of August and what was resistance at the start of July is now seen as Support $2,273

BITCOIN PRIMARY & QUARTERLY CYCLES

#Bitcoin same pattern in bitcoin and most other coins with a last week of the month reversal pattern. It didn't reach 44k on the last day of July, but it's still a target at the start of August, I am also expecting a quick reversal down (August Yellow) that might happen after it hits 44k or even before.

August Yellow at $37,912 also matches the 2021 Yearly highs $37,780 Any reversal down and I would look for a move towards $51,500 over the next 7-10days.

Bitcoin's upper level $94,800

BITCOIN ETHEREUM REPORT 4 JULY 2021

 

BITCOIN SECONDARY AND PRIMARY CYCLES

PART 1. 

When we look at the Secondary Cycles, it’s starting the 3^rd Quarter below (not good), therefore as much as I have the view that price is going up, never discount that price could test $23,000 and as lows at $20k (previous all time highs)

BITCOIN PRIMARY AND DAILY CYCLES

PART 2

Start of the new Quarter and price isn’t as high as I would like it to be at the E.O.W.

I still have the view that the 1^st week of the Quarter will push up, either from today’s 50% level,  a much chance of it re-testing 32,900/daily lows….

ETHEREUM REPORT

We need to see price trading above 2,290, it will break the weekly cycle highs and put it above the quarterly and July 50% levels.

We will then have a target of $3,414 for the 3rd Quarter to work with.

However, if you're wanting to BUY here, keep in mind price can be pushed down, and as far as $1,680.

That down move will depend on what Bitcoin does in relation to it's own levels, as mentioned above.