BITCOIN Report 22nd November 2019

BITCOIN SECONDARY CYCLES

Currently stalled at 9700 (below the Secondary 50% level)

If we are simply looking at 'Normal TEXT BOOK' Patterns, then there is a suggestion that it's moved up and retested the lows of the Previous support zones and failed, which matches the Secondary Trend's 50% level @ 9700

It should now continue lower???

However, if we follow the Dilernia Principles of Primary Trends - 2 to 4 years higher, then we're expecting more gains. 

Long Term forecasts was for BITCOIN to continue higher into the end of the year and 2020, whilst at the same time acknowledging it had to continue up in early November, not break 8900 because of the failure at 9700

Looking at the price action now compared to 2018, we are in the same position that may result in another breakout of the Secondary lows and continuation down into the DECEMBER LOWS and next BUY zone

However, there could be another counter-trend move back up into 9300, but I'm not BUYing at this level today

BITCOIN & ALTCOIN Report 16th November 2019

Nearly Every ALT COIN has had the same price action, as what we can see in LITECOIN.

The Change in direction based on the August levels, as price is pushed downward from the dynamic 50% level.

This did not happen in the BULL runs of 2016-2017.  ALL COINS never moved below those Monthly levels. They were all robust support levels that kept on pushing the trends higher each month.

Therefore, as much as I'm bullish on BITCOIN, there's other reasons to not feel as confident, simply because of the price action in ALT COINS. 

LITCOIN PRIMARY & MONTHLY CYCLES

If you've followed my calls on Cryptos, you know i've been bullish ever since the MARCH switch in the monthly cycles and bearish on altcoins since the switch back under at the Start of August

Even though BITCOIN remains above the Yearly 50% level at 8050, ALTCOINS have been a drag.

However, is it going to change at the start of DECEMBER?

There's a number of patterns appearing in ALTCOINS that might get Crypto's bullish again.

However, Primary cycles remain bearish :- Keep an eye on the 2020 50% level

MORENO Primary & Monthly Cycles

December levels starting to look interesting!!!

ETHEREUM PRIMARY & MONTHLY Cycles

Keep in mind we never got our rally towards the 2019 50% level, which happened in BITCOIN.

ALTCOINS remain bearish and the 2020 50% level will dictate whether prices will continue higher, or head down towards the 2020 lows again.

Will DECEMBER is  going to push ALTCOINS HIGHER or NOT?

However, there's a slight change in November that may lead to something more in December.

BITCOIN 1st November 2019 Monthly Report

BITCOIN PRIMARY & SECONDARY CYCLES

Primary Trend target in 2019 is $15,000+

Currently stalled at 9700 (below the Secondary 50% level)

If we are simply looking at 'Normal TEXT BOOK' Patterns, then there is a suggestion that it's moved up and retested the lows of the Previous support zones and failed, which matches the Secondary Trend's 50% level @ 9700

It should now continue lower???

However, if we follow the Dilernia Principles of Primary Trends - 2 to 4 years higher, then we're expecting more gains. 

If BITCOIN is going to push higher into the end of the year, then we would like it to remain above the NOVEMBER levels @ 8900-9100 (& not below)