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