BITCOIN REPORT 30TH JUNE 2019

BITCOIN PRIMARY & WEELKLY CYCLES

I mentioned a Parabolic move upwards 4 weeks ago and by the look of it's done exactly that.

Thankfully is hasn't close right on its highs at the end of the quater, which often can be blow off top and Selling can hit hard.

This year's target remains 15,000K+ and more in the coming years.

If we view BEAR into BULL market reversals, the trend should continue higher until 2020 and potentially into a 4 years of higher highs. Buying the DIPS using 'dynamic support' and 5-day patterns that help verify that support (it's all in the book) is what we're after, as it's only going to give us a few opportuntites.

Therefore, there's an expecation that BITCOIN will continue higher, with JULY 50% level as a support level.

What I'm also interested is in the BUY ZONE, which is much lower. BITCOIN won't reach that low level in July , but that Level will move higher in AUGUST. 

That dynamic BUY ZONE is as GOOD level to be trading LONGS once again from, if the next 4-weeks moves sideways, which it may do after the run we've just had.

BITCOIN CRYPTO ANALYSIS 16th June 2019 Report

BITCOIN PRIMARY & WEEKLY CYCLES

In the SHORT TERM, if you subscribe to this theory, then we need to be BUYING the DIPS.

I'm hoping there will be dips and not a PARABOLIC move to 15012.

Short term Support resides around the JUNE 50% level. (Previous Post)

We've seen the Yearly 50% level resist price at $8050, retested the JUNE 50% level, found support and moved back above the Yearly 50% level. That price action was the perfect set-up to get back into the trend.

There's still a bit of risk that it might stall around these June highs @ 9600-9900 and move back below the Yearly 50% level, but there's enough risk reward for a move toward $15,000 in 2019 and much higher in the coming years.

There are a lot of other coins that are lagging in Price action compared to BITCOIN, but at long as BITCOIN goes higher, holding other coins is a no-brainer.

NOTE:- if we subscribe that is going to move higher for the next 4 years, BUY BITCOIN around the 3-month lows and hold, as it will eventually retest it, but you'll only get 1 or 2 chances during this time.