BITCOIN ANALYSIS 30/3/2019 Monthly Report

BITCOIN PRIMARY & SECONDARY CYCLES

BITCOIN has turned the corner in MARCH 2019 and now looks to be heading much higher in 2019.

Even though it didn't follow the 2nd Primary cycle lower to 1100, it was the month of MARCH that was the KEY timing factor after the DECEMBER LOWS.

If we subscribe to PRIMARY CYCLES, which may or may not occur, the TARGET in 2019 is the 50% level at 8050USD  or 11350 AUD

There could be resistance around the APRIL highs, but the Support levels remain the channel lows and the APRIL 50% level at the start of the 2nd Quarter.

EOS PRIMARY & Weekly Cycles

Same applies to EOS and others below

LITCOIN PRIMARY & WEEKLY CYCLES

ETHEREUM PRIMARY & WEEKLY CYCLES

ALL TARGETS WILL BE THE 2019 50% LEVELS, 

which may or m,ay not get there

BITCOIN Crypto Analysis - Monthly Report 3rd March 2019

BITCOIN PRIMARY & WEEKLY CYCLES

I've been bearish on Bitcoin, as part of the Primary Bearish cycles, with the expectation that price would continue down into the 2019 lows @1100

I also said that the bottom would occur in March 2019 and then continue higher.

However, it hasn't moved down to 1100, but instead moved sideways as the month of March begins.

Secondary cycles are bearish, however, the 50% level in April will drop and we could see price trading above the 50% level in the 2nd Quarter

Therefore the support levels on BITCOIN in March around 3250-3450 are interesting levels.

It certainly could still continue lower in April, as the 50% level pushes the trend downward, but there's a lot of positive news coming out about Institutional players taking larger stakes in BITCOIN and other Crypto's 

Target would be 2019 50% level.