Bitcoin had one close below 23.6% back to the 2018 low, this is 32800 and is also a major Gann square. The next day they closed right back above it, however the rally from the 28860 low has not been able to get above 33800, this is 38.2% back to the all time high. As the 38.2% rule goes, we should look for a new low as long as it stays below there. The most likely target would be 27200 this is 38.2% back to the 2018 low. Provided they do close above 33800 you then look for 39000 and then the long term target of 44000. Use 33800 as the DSP for now.


Ethereum also traded below 23.6% of the 2018 low, this is 1120.00 and it never closed below it. The rally from this area was much stronger and has taken them up to 1354.00 this is 78.6% back to the ATH. There are two things here, first 1425.00 was our long term target and a break from here can be a good one. The first break was, it took it down to the 1041.00 major Gann square, the second thing is that, we know from the ONE44 Fibonacci rules and guidelines, a early sign of a trend change is they stop at 78.6% and the break from there can also be big. So, with both of these points a target on the next break would be 920.00 our long term swing, this is 38.2% back to the 2018 low and a major Gann square. Provided they can get a close above 1354.00 followed by one above the 1425.00 long term target, the next long term target will be 1762.00 and 1425.00 will become a longer term swing point. Use 1354.00 as the DSP now.

Bitcoin
Ethereum