BITCOIN Report 26th October 2019

BITCOIN Secondary & Weekly cycles

 I would think BITCOIN will try and move towards 9700... and hopefully continue higher as part of a 2 year trend towards new highs in 2020

However, 9700 will be seen as a resistance zone (previous report)

Sometimes we get the timing SPOT ON, other times, it follows text-book patterns before it continues on with the Primary trend.

Primary Trend - higher highs into 2020 - 2022

Above the 2019 50% level at 8050

moved higher, only once it hit the monthly lows in October.

Stalled at 9700.

We can see the step formations going forward in November and December.

Therefore, even though it's stalled at 9700...

our support zones are from next week at 8940, as part of a trend that's going higher.

BITCOIN ANALYSIS - 9th October 2019 BUY

BITCOIN Primary & Weekly Cycles

Sequential ordering of pattern formations #

1.      Apply the trend identification Model.

2.      Identify support, resistance, and trends

3.      Identify the change of support & resistance with the use of Time.

4.      Forewarn & foretell the likely events when certain price action occurs now or in the future.

If you go over my posts over the year, I identify key Support & Resistance levels and then introduce timing parameters to make decisions on whether to BUY, SELL or sit out

BUY December Lows 2018

NEW up trend to begin in March 2019

Exit Yearly 50% level @ 8050

New BUY around the 1st Week of August

And Last week's report - Support 8050 &  look for the week of 7th October for potential next move higher.

Even though it didn't go down to the level of low 7,285, it was the other factors in play confirmed with the 5-day breakout yesterday, even though I took the punt and bough back in before the break @ 8200.

     Forewarn & foretell the likely events when certain price action occurs now or in the future.

                  I would think BITCOIN will try and move towards 9700... and hopefully continue higher as part of a 2 year trend towards new highs in 2020

However, 9700 will be seen as a resistance zone

And 8050 is the support zone