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)