BITCOIN YEARLY AND PRIMARY CYCLES
2ND QUARTER SUPPORT AROUND 27.5K
APRIL MONTHLY CLOSE BELOW SUPPORT HAS LED TO SELLING PRESSURE AT THE START OF MAY.
ANY 2ND WEEK may BUYING WILL PROBABLY STRUGGLE TO RISE HIGHER THAN 35-39K
WITH MOSTLY LIKELY FOLLOWING A BREAK AND EXTEND PATTERIN DOWN FROM MAY INTO JUNE LOWS, WHICH MATCHES THE DOWNSIDE TARGET.
IS 27.5K THE LOW FOR THE YEAR?
MAYBE, BUT I'VE ALSO GOT TARGETS OF 16-21K OF BREAK OF SUPPORT IN LATE 3RD QUARTER
ETHEREUM YEARLY AND PRIMARY CYCLES
May lows and 2nd week support, with an increase of risk coming in the 3rd week.
It doesn't have the same April close below quarterly support as Bitcoin, but if Bitcoin continues lower in late May early June, we could see prices down around 1500.
Potential Bear Market, takes ETH down to 1100