BITCOIN REPORT 23-12-2018

BITCOIN PRIMARY & WEEKLY CYCLES

If we trade BITCOIN using the same patterns that occur in Index markets, then BITCOIN should move upwards and  re-test the previous break-out around 5800

And ideal pattern will be to use next week's Monthly lows (December) for a swing upwards, as high at 6100 - 6900

However, following the Dilernia Principles, then BITCOIN should make another push lower in early 2019 to new lows, or around 1920.

IF BITCOIN IS TRADING around the 2019 lows in the first quarter, perferrably in MARCH, then hold BITCOIN to the 2019 Primary highs (EXIT)  (Previous Report)

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For those now long BITCOIN using the DECEMBER lows, the target is to retest the previous support levels @ 5800 and as high as 6200/6900USD.

However, if it doesn't reach those levels in the last week of December and 1st week of January, then my expectation 5,067 will become another resistance zone for BITCOIN from 7th January to follow the 2nd Yearly move down towards the 2019 lows.

If this plays out, then those lows form a LONG and HOLD position towards the 2019 highs by the end of 2019 ( EXIT & then RE BUY using the 2019 50% level for a move higher into 2020

BITCOIN 28TH NOVEMBER 2018

BITCOIN PRIMARY CYCLES

Ideally, I would like to see BITCOIN push down into the 2018 lows at $3000, as part of the 1st year Bear trend. If that happens it will be a decent BUY around that level, even though it could push lower in early 2019. (2nd year Bear cycle)

BITCOIN is following the text book patterns or moving down into the Primary lows of 2018 @ $3000.

If we trade BITCOIN using the same patterns that occur in Index markets, then BITCOIN should move upwards and  re-test the previous break-out around 5800 and the 3-month lows.

And ideal pattern will be to use next week's Monthly lows (December) for a swing upwards, as high at 6100 - 6900

However, following the Dilernia Principles, then BITCOIN should make another push lower in early 2019 to new lows, or around 1920.

IF BITCOIN IS TRADING around the 2019 lows in the first quarter, perferrably in MARCH, then hold BITCOIN to the 2019 Primary highs (EXIT) and then re-enter longs at the 2019 50% level and HOLD for new highs in 2020

BITCOIN 17th November 2018 Report

BITCOIN PRIMARY CYCLES

Previous reports suggested BITCOIN had more downside to go in 2018 and we can see the selling occur last week.

The overall target for BITCOIN will be the Primary lows at 3000 (GOOD BUY), which is a re-occuring pattern in most Crypto's this year. 

However, 4903 could provide some support with a swing back towards the 2019 50% level, as what occured earlier in year.

DOWNSIDE TARGET 3000USD

 but with random support around 4900

BITCOIN 29th OCTOBER 2018

BITCOIN PRIMARY CYCLES

BITCOIN has found support around the monthly cycle lows and we can now see a divergence of timeframes beginning to squeeze together coming into the end of the year. (BREAK UP or DOWN)

Ideally, I would like to see BITCOIN push down into the 2018 lows at $3000, as part of the 1st year Bear trend. If that happens it will be a decent BUY around that level, even though it could push lower in early 2019. (2nd year Bear cycle)

If that doesn't happen, then the same monthly support levels will play a key role in 2019 along with the 2019 50% level