BITCOIN ETHEREUM 7TH FEBRUARY 2022 MONTHLY REPORT

 

BITCOIN YEARLY AND PRIMARY CYCLES

A Bear market is the first half of 2022, can take it down to 37-39k, but that could be in February / March - double monthly low - decent counter-trend move upwards. 

PREVIOUS REPORT)

We saw a move down at the start of 2022 into the January lows and then further selling.

The month of February confirmed support off the quarterly lows 37k and now rising.

Expectation that a move will take it to 47.5k, which is seen as resistance in February

A very good counter-trade will see price as high as 59k by the 1st week of March - confirmed by a weekly close above 47.5k, which then forms support.

That's not something that can happen, but if you are holding longs, it's good to take partial exits on the way up and hold into the end of the month.

If it can't crack 48k by then, then there could be a 2nd way of selling in March / April, as part of a larger trend down in 2022.

ETHEREUM YEARLY AND PRI MARY CYCLES

February rising in the monthly range, and it's good to see the 1st week of the month, pushing higher.

As long as it's above 3k, we have a March target of 4200.

If it stalls around 3.5k and the back half of the month starts to trade below 3k, especially from March. I'd be lightening up any long positions. 

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BITCOIN & ETHEREUM MONTHLY REPORT 4TH JANUARY 2022

 

BITCOIN YEARLY AND PRIMARY CYCLES

As  Mentioned in the previous report, the December close below 53-55k wasn't a good sign for a 'Bull- Market' and also the last day of the trading year closing below the Quarterly level of 48.2k.

Therefore my view is that price will move down to 42.5k, find some support, but I don't know how much of a bounce there will be - other than 52-53k  (maybe 58-59k)

A Bear market is the first half of 2022, can take it down to 37-39k, but that could be in February / March - double monthly low - decent counter-trend move upwards. 

39k is the 2022 50% level 

ETHEREUM YEARLY & PRIMARY CYCLES

If BTC moves lower, then ETHEREUM most likely down into the January lows.

There seems to be a lot of support around those levels, as well as in the Yearly Cycles - 3200/3400

At the moment, it's leaning on the downside.

Final note - if this is a bear market, there will be 1 final bang higher in both BTC and ETH, which puts them around 58-59k  and ETH 4500

if it hits those levels and then back under the Monthly 50% levels, we could see BTC around the mid 20k's again in December 2022

Bitcoin & Ethereum Monthly Report 5th December 2021

 

BITCOIN YEARLY & PRIMARY CYCLES

Similar pattern in the Bitcoin Yearly (monthly bars), as the April |June quarter. (Major Sell offs)

Found support around the Quarterly Yellow levels.

I've always based this bull trend following a similar pattern as 2017 bull trend.

If it was similar, it should have tested the 50% level in the Primary at 52,582, bounced and closed higher going into December. 

It has done the opposite and now below those levels, which didn't happen in 2013 or 2017.

Therefore, I'm not sure that BTC is going to go higher, whilst it's below the December levels of 53-55k.

However, it doesn't mean it can't consolidate into the end of the year, whilst ALT coins rise into the end of the Year.

ETHEREUM YEARLY & PRIMARY CYCLES

Yellow support at 3648 and positioned well going into the end of the year.

It also remains in a Break and Extend pattern in the Yearly Cycles, so I would expect price to close around 4570 or above.

What we want to see it price pushing higher from 4570 at the start of January and not stalling and reversing down

BITCOIN & ETHEREUM REPORT 7TH NOVEMBER 2021

 

ETHEREUM YEARLY AND PRIMARY CYCLES

Even if it dips down to 4032, my expectation it will reach 8180 by December.

BIYCOIN Yearly & Primary

major support 55-57k

Targets 100k

blowoff top 150k

BITCOIN & ETHEREUM REPORT 4th OCTOBER 2021 Monthly Report

 

BITCOIN YEARLY & MONTHLY CYCLES

We didn't get that explosive move at the start of last month, instead it reversed down.

If you follow me on twitter, I posted that I had the feeling that BTC had to sweep the SEPT Yellow  first before it could continued higher and noted that the 4th week of September would rise upwards.

Now it's set-up for a move to the October level at 67k  and upper targets around late in the 4th Quarter to 100+k in 2021.

I think it will break the October Red in the 2nd week of this month, but Evergrande in China, my spook this down to 43k again, before it punches higher later in October/ Early November

ETHEREUM YEARLY & Monthly.

I like this price action with a 4th Quarter Target of 8360.

BITCOIN & ETHEREUM MONTHLY REPORTS 6th SEPTMEBER 2021

 

BITCOIN

August Yellow supported price and now #Bitcoin is breaking up at the start of September.

It still needs to clear the Secondary cycles (RED), but if this week fails to move higher than 53.5k, then next week will explode higher over the next 2 weeks, maybe as high as 77k, but there is more upside in the 4th Quarter.

 

Ethereum 

Breakout of the August highs and expectation that the trend will complete the break and extend pattern into September RED 4.8k...

But I'm looking for an explosive move towards 6k for the 3rd Quarter.

follow me on twitter @timepricetravel

BITCOIN & ETHEREUM REPORTS 1ST AUGUST 2021

 

    ETHEREUM PRIMARY & QUARTERLY CYCLES

Early selling pressure at the start of the quarter, but a last week of July breakout above the cycle highs has seen the bull market return. 

Personally I don't like using the term Bull and Bear, I prefer to use rotation and extension within TIME.

Short term likely to push up into the August level of 2,968 over the next 7-10 days.

with a target of $3,414 in September and a level of 6,600k on anything above $3414.

Any short-term weakness at the start of August and what was resistance at the start of July is now seen as Support $2,273

BITCOIN PRIMARY & QUARTERLY CYCLES

#Bitcoin same pattern in bitcoin and most other coins with a last week of the month reversal pattern. It didn't reach 44k on the last day of July, but it's still a target at the start of August, I am also expecting a quick reversal down (August Yellow) that might happen after it hits 44k or even before.

August Yellow at $37,912 also matches the 2021 Yearly highs $37,780 Any reversal down and I would look for a move towards $51,500 over the next 7-10days.

Bitcoin's upper level $94,800

BITCOIN ETHEREUM REPORT 4 JULY 2021

 

BITCOIN SECONDARY AND PRIMARY CYCLES

PART 1. 

When we look at the Secondary Cycles, it’s starting the 3^rd Quarter below (not good), therefore as much as I have the view that price is going up, never discount that price could test $23,000 and as lows at $20k (previous all time highs)

BITCOIN PRIMARY AND DAILY CYCLES

PART 2

Start of the new Quarter and price isn’t as high as I would like it to be at the E.O.W.

I still have the view that the 1^st week of the Quarter will push up, either from today’s 50% level,  a much chance of it re-testing 32,900/daily lows….

ETHEREUM REPORT

We need to see price trading above 2,290, it will break the weekly cycle highs and put it above the quarterly and July 50% levels.

We will then have a target of $3,414 for the 3rd Quarter to work with.

However, if you're wanting to BUY here, keep in mind price can be pushed down, and as far as $1,680.

That down move will depend on what Bitcoin does in relation to it's own levels, as mentioned above.

BITCOIN & ETHEREUM REPORT 6TH JUNE 2021

 

BITCOIN PRIMARY & MONTHLY CYCLES

When we look closely at Crypto, you soon realise price is being driven by the Secondary Cycles, or as most know it as, the Quarterly Timeframes.

Price Tested the Monthly lows (RED), but the weekly timeframe closed below and it has remained below it for the rest of the month. 

June has started and that resistance has now disappeared.

Therefore if you are long #Bitcoin there is a larger cycle in play that can see price push much higher  in the 3rd quarter.

Short-term in this month, there is a potential break and extend pattern from MAY into JUNE lows (RED), that could see another push down to 28k - 31k, but it will done over a matter of days and spring upwards once again.

This current reversal down in MAY is an opportunity to add more positions and continue to HODL for the long term.

ETHEREUM 

There's a big difference in the Cycles compared to BITCOIN.

Ethereum would be trading below 1,431 if was the same at BTC.

ETHEREUM is setting up for much higher prices in the 3rd Quarter.

It might have a hard time moving above 3,051 over the next 2 week's but above it as we come into the end of the 2nd Quarter can help push ETH upwards.

BITCOIN & ETHEREUM REPORT 17TH MAY 2021

 

BITCOIN PRIMARY CYCLES

In the 2017 bull market, BITCOIN retested the monthly lows (RED) once, before continuing higher.

During this Bull Run, Bitcoin hasn't tested those lows, but looks to be testing those lows this week.

This is a critical level, anywhere around the 38 to 42k Level in this bull run is a major support level.

There is an expectation that Bitcoin will have 30-38% pullbacks in this cycle, and these levels are approximately that pullback from the highs.

Worse case scenario is a CRASH PATTERN to 20-22k, but I can't see that happening.

ETHEREUM Primary & Secondary Cycles.

ETH has had a major run this Quarter, and it's back in the BUY Zone (3,200) for a move towards 5.6K.

That's only going to happen confirmed with BTC support.

Therefore, we want ETH bounce up from 3,100/3,200 and close back above $3,535 and the end of this week for a move upwards in JUNE