2 min read

Bitcoin/Ethereum update

Bitcoin/Ethereum update
Photo by André François McKenzie / Unsplash


Bitcoin is still holding above 78.6% of the ATH and ATL at 17,000, however it has not taken out any short term levels to say the bottom should be in. The first of these is 23.6% back to the 3/28/22 high, which is also a major Gann square, this is 24,815. When and if it can take this level out we will start to look for the longer term levels back to the ATH. Use the 20,805 major Gann square as the swing point to start the week, above it , look for 24,815 and below it, 17,000.


Most of the trade in the last month has been above 78.6% of the ATH and ATL at 1100.00, however like Bitcoin it has not been able to rally to even the tightest retracement of 23.6% back to the 4/4/22 high, this is 1535.00. When it does take this level out we can then look for the retracements back to the ATH. Use 1100.00 as the swing point for the week, above it , look for 1535.00, below it, there are only major Gann squares at 1044.00, 922.00, 814.00....

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