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.