BITCOIN & ETHEREUM MONTHLY REPORT 6 NOVEMBER 2022

 







ETHEREUM PRIMARY AND WEEKLY CYCLES

Ideal Target in November is 1,929 in the week of 7th November

1,553 is seen as support


BITCOIN SECONDARY AND PRIMARY CYCLES

I expected more upside in October to at least 23k and then a move to 28k in November.

The Cycles in the Secondary timeframe favours this - NOV break (left Chart)

However, the open below the November 50% level isn't a good sign.

1. it needs to break up early this week (support 20,795) for a move upside.

2. a tight weekly range below the NOV 50% level is not a good sign and there's a potential move down to 15k  in the final week of NOV and new lows - December Support