BITCOIN & ETHEREUM 19TH JUNE 2022 rEPORT

ETHEREUM 

There's no support in Ethereum in the yearly cycles until it reaches 1048.

 

1048 Reached, but a Weekly close below 1095, and I would be putting in  buys around the 460-480 level

BITCOIN 

Yearly Cycles trading around major support levels 16.5k - 21k Primary Cycles 15.6k major support level this month, where we turn our attention towards July for counter-trend moves upward Extended scenario - 6,735 (100% extension of the Yearly timeframe)

I won't be surprised to see this level reached in the later half of 2022, late 3rd Quarter / 4th Quarter

I'd be surprised to see it happen over the next 2-3 weeks.

BITCOIN & ETHEREUM MONTHLY REPORTS 5TH JUNE 2022

 

BITCOIN PRIMARY CYCLES

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?

27.5K support, but at lack of buying, as I expected price to be trading around the June 50% level of 35k. (similar price action to S&P & AUD/USD - read reports)

I still have the view price is rising upwards into that same level of 35k, but there is also a BREAK & EXTEND PATTERN from May lows of 34k that could see another push down into the June lows of 27.5 k (double low) before the rise happens

ETHEREUM YEARLY AND PRIMARY CYCLES

There's no support in Ethereum in the yearly cycles until it reaches 1048.

There's also a break and extend pattern the 2nd Quarter, therefore I would expect #ETH to remain flat until July. It's also trading outside the Yellow Channels.

We've now moved into June, which can support price around 1726, resulting in the rest of June moving into a sideways pattern until price re-enters the 3rd Quarter, forming a more robust support level and rotation up towards 2460

Below 1726 and trend is down