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
