BITCOIN & ETHEREUM MONTHLY REPORT 3RD JULY 2022

 

ETHEREUM YEARLY & PRIMARY CYCLES

Price is still consolidating around the 2022 lows - which is a major support level.

Sure price can go down lower - Break and extend pattern down to 323 if it can't hold the level of 894 (July - September lows)

However, my view is that the Break & extend pattern in the Quarterly timeframe will provide a larger counter - trend move upwards that could  go as high as the previous break of 2,483  to 3000 (take the money and run)

Short-Term (July), any rise it it might have a hard time rising past 1400-85



BITCOIN YEARLY AND QUARTERLY  CYCLES

Break and Extend Pattern completed  and now trading around the July - September lows (3rd Quarter)

Price is also trading around the 2022 lows.

I'm looking for a major up move in the 3rd Quarter that retests the previous break around 37-39k,  where I would take the move an run.

Not sure July will move higher than 26-27k.


BITCOIN QUARTERLY AND PRIMARY CYCLES

There maybe a dip down into 17.5k, but I'm still looking for an up move.

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