Bitcoin Wave Structure Projects Ultimate New Highs.
07/24/24 – “Bitcoin & Ether remain positive after bottoming in sync with monthly, weekly & daily cycles that projected a low around July 8th followed by a surge… that was/is expected to carry them back to their 2024 highs.
Their July 10th buy signals remain in force and could spur another rally after a brief pullback.
2 – 4 week traders could have entered long positions in Bitcoin & Ether near 58,600/BTU & 3,180/ERU on July 11/12th and should be holding those long positions w/avg. open gains of about ~$41,000/Bitcoin contract (~$8,000 per bitcoin) and ~$12,500/Ether contract.
Move trailing stops and now exit on a drop below [reserved for subscribers]…” TRADING INVOLVES SUBSTANTIAL RISK!
Bitcoin & Ether have likely set multi-month lows with Bitcoin fulfilling multi-month cycle lows and projecting an ultimate rally above its March 2024 high – potentially lasting into key cycles discussed in the January ’24 issue of The Bridge.
(Refer to January 11, 2024 The Bridge – Crypto Currency War Continues and other special updates and reports for additional analysis.)
What Does Bitcoin’s Overall Wave Structure Reveal?
What is Significance of Bitcoin Multi-Month Cycle Low?
How High Could Next Crypto Rally Ultimately Reach?
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.