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