BITCOIN & ETHEREUM REPORT 6th December 2020

BITCOIN & ETHEREUM PRIMARY CYCLES.

BITCOIN HAS COMPLETED THE BREAKOUT AND EXTEND PATTERN FROM NOVEMBER  RED INTO DECEMBER HIGHS RED.

THIS IS OFTEN A RESISTANCE LEVEL AND CAN REVERSE DOWN.

ANY RESERVE DOWN CAN OFTEN BE 30-35%.

IN THE LAST BULL RUN, THERE WERE 6 X 35%  DROPS, EACH DROP WAS INTO THE YELLOW AND THEN THE NEXT TAKE OFF OCCURED.

MY SUGGESTION IS IF THIS HAPPEN, ADD POSITIONS AROUND THE TRAILING YELLOW FOR THE NEXT 12 MONTHS.

ETHEREUM

BREAK AND EXTEND PATTERN IS TOWARDS 760-814.

IF PRICE THIS WEEK IS BELOW $590, MY OPINION THE DOWN MOVE IN BOTH BITCOIN AND ETEREUM WILL BE ONLY 1 WEEK, OR AROUND $530 AND THEN FROM THE WEEK OF 13TH DECEMBER WE BEGIN THE NEXT MOVE HIGHER.

WHILST ABOVE $590, THE TREND IS STILL GOING.

THEREFORE

THERE'S A LOT MORE UPSIDE IN BOTH.

IF THERE'S WEAKNESS THIS WEEK, I DON'T THINK IT WILL BE A 35% DROP .

I THINK IT WILL BE BACK TOWARDS THE 5-DAY LOWS AND THEN THE NEXT LEG UPWARDS OCCURS FROM THE FOLLOWING WEEK

BITCOIN 25-26K 

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BITCOIN & ETHEREUM REPORTS - 1ST NOVEMBER 2020

 

BITCOIN PRIMARY CYCLES

WE'VE SEEN BITCOIN RALLY SINCE MY PREVIOUS REPORT AND NOW TRADING ABOVE THE 2020 HIGHS OF $13529

THIS IS NOW IN A PRIMARY CYCLE BREAKOUT ZONE, WITH AN UPPER TARGET OF $17561 IN NOVEMBER.

HOWEVER, WE HAVE SEEN MULTPILE TIMES, WHEN THERE 'S A BREAKOUT IN THE MONTHLY (RED) IT CONTINUES INTO THE NEXT MONTHLY HIGHS AND THEN REVERSES DOWN.

THIS MAY STILL HAPPEN THIS WEEK, AND IF IT DOES IT WILL BE A QUICK MOVE DOWN TO $12768 AND IN MY OPINION, THEY WILL BUY IT BACK UP  TO THESE SAME NOVEMBER LEVELS.

A BULLISH SCENARIO WILL SEE AN EARLY PUSH UP THIS WEEK TO $14459 - $14600

ETHEREUM PRIMARY CYCLES

THE KEY LEVEL IS $385 WITH A NOVEMBER TARGET OF $464.

A BREAKOUT OF $464 ON THE BACK ON BITCOIN MOVING TOWARDS 17K IS $590

HOWEVER, A RETEST OF $365 IS STILL A POSSIBILITY.

$333 IS THE 2020 HIGHS, THEREFORE WE ARE IN A PRIMARY CYCLE BREAKOUT, WITH AN EXPECTATION PRICE IS MOVING TO NEW HIGHS IN 2021

BITCOIN & ETHEREUM REPORT 9th OCTOBER

 

BITCOIN PRIMARY CYCLES

BOTH BITCOIN & ETHEREUM ARE ABOVE KEY PRIMARY CYCLES LEVELS AFTER SPENDING THE PREVIOUS YEAR IN BEAR CYCLES

BY FOLLOWING THE DILERNIA PRINCIPLES, THERE'S AN EXPECTATION THAT BEAR MARKET REVERSALS CONTINUE HIGHER FROM THE CURRENT YEAR & INTO NEW HIGHS THE FOLLOWING YEAR

THESE TRENDS OFTEN BEGIN IN THE LAST QUARTER OF THE YEAR AND CONTINUE TO NEW HIGHS AT THE START OF THE NEW QUARTER I.E  2021 HIGHS.

BY USING WEEKLY REGRESSION TOOLS WE ARE NOW LOOKING FOR CONSOLIDATION ABOVE THE OCTOBER LEVEL 10680 AND THE CROSS OVER ON THE BLUE LEVEL IN A COUPLE OF WEEKS

THAT MEANS - 2020 HIGHS AT $13529 AND THEN NEW HIGHS IN 2021

ETHEREUM PRIMARAY CYCLES

ETHEREUM IS ALREADY ABOVE ITS 2020 HIGHS $333 AND IT'S FORMING A ROBUST SUPPORT ZONE.

TIME IS NOW CATCHING UP WITH PRICE AND I'M STARTING TO LOOK FOR MOVES ABOVE THE YELLOW AT 355-64

SURE TIME CAN CATCH UP WITH PRICE AND PUSH IT DOWN TOWARDS $273......BUT??

THE PRIMARY CYCLES OF MOVING FROM A BEAR TO BULL, I'M FOLLOWING THE 2-WAVE PATTERN TO NEW HIGHS IN 2021

BITCOIN & ETHEREUM REPORT 4TH SEPTEMBER 2020

BITCOIN PRIMARY CYCLES

Same patterns in the Primary Cycles, but what's the outcome in September, if all trends originate from the Yellow levels and push outward?

It's more than likely it will be weeks away before any new up trend begins from 10100, however it doesn't mean it can't go up, towards 11700 over the next 7 days and consolidate above the September level .

or it can be like FEB/ MARCH

10100 supports price for the next 7-days and moves down to 9053 (NEXT BUY ZONE)

A Flash - crash similar to MARCH will see price down to approx 5900

ETHEREUM PRIMARY CYCLES

Price had to come into the BLUE level at $377 for any new up trend to begin

We can see similar price action in June 2019 and there's other instances in previous years.

Therefore today's lows need to close above  $395 by Sunday, for a potential move much higher the following week.

Please note that ETH is trading above the Yearly highs, which is bullish and a breakout.

Bearish pattern will be a sell-off following BITCOIN, back down towards $200

CRYPTO - BITCOIN & ETHEREUM REPORTS 16TH AUGUST 2020

BITCOIN PRIMARY CYCLES

BITCOIN LOOKS WELL SUPPORTED FOR A CONTINUATION UPWARDS.

IT'S CONSOLIDATING ABOVE 11747, HOWEVER IT MIGHT TAKE ANOTHER ANOTHER WEEK OR SO  BEFORE IT REACHES 13529 (YEARLY HIGH)

THE TARGET REMAINS 15562 IN AUGUST

ETHEREUM PRIMARY AND WEEKLY CYCLES

TARGET IN AUGUST REMAINS $543

HOWEVER, i WOULD LIKE TO SEE A DIP DOWN INTO 392-97 BEFORE IT CONTINUES HIGHER

#BITCOIN #ETHEREUM #CRYPTO

Bitcoin & Ethereum Report 1st August 2020

BITCOIN Primary & Weekly Cycles

Minimum Move on #Bitcoin is to 11824

We've seen in the past that the start of the next month we could see a move downward starting next week back towards the August level at 9934. (Support)

However, I think this is different and it's following the move on Ethereum and continuing higher towards $13529 (Yearly Highs)

Ethereum Primary & Weekly Cycles

Target $369-72

Around those highs we could see sellers appearing trying to push it back down into $300 Support

However, if Bitcoin continues higher, the Ethereum will be moving towards the August highs - 2 wave pattern and exit.

BITCOIN - ETHEREUM CRYPTO REPORT 26th July 2020

BITCOIN PRIMARY & Weekly Cycles 

BITCOIN Primary Cycles Bullish above 8225 and once back above the Monthly 50% level at 9433 Bulls are back in control.

Two patterns in play - 

1. Stalls around July highs 9858 - 10202 and moves back down into 9357 (Yellow)

2. Trends up into 10976 - remains above 9858 - 10202 and continues higher in August towards the 2020 highs at  $13529.

ETHEREUM

Same pattern as BITCOIN, once back above the Monthly 50% level at $231 it's kicking higher and

up  into $372.

Support remains the the trailing Weekly 50% levels before it gets to that level.

If it hits $372 by the end of this week, it's likely to move higher early in August to hit the double top wave pattern (August highs)  Take profits.

There after...

Consolidates above the 2020 highs and continues to trend higher into 2021 highs

Therefore we want to be looking for move buying ops on any dips.

BITCOIN REPORT 20th July 2020

BITCOIN PRIMARY CYCLES

BITCOIN is above the Yearly 50% level at 8225, therefore the Primary Cycles remain bullish

Secondary Cycles are bearish, whilst below 9357 the trend bias is down, however we haven't seen the same sell-off as March, therefore the Sellers aren't in control.

The Secondary Cycles are now catching up with Price (blue 9507).

There is now two possible patterns.

1.

These same channels start to push the trend downward, starting from next week and into the AUGUST LOWS (same as September - October 2019)

2.

This week continues up into 9507 but stalls, then next week the same level will drop below Price and the next up trend begins from next week, as seen in April and December 2019.

There were a lot of ALT-COINS that were showing weakness two weeks ago, but they are back into showing bullish patterns

BITCOIN REPORT 12TH JULY 2020

BITCON PRIMARY CYCLES

We have seen 8846 support price (BUY YELLOW) and move up to 9357 and stall.

This is a very similar pattern as February/March, and this week has the potential to follow a similar pattern.

We never know the outcome of any trade, all we can do is position ourselves to potentially maximise for what may follow using TIME, PRICE, SUPPORT, RESISTANCE.

 PRIMARY CYCLES  BULLISH - above 8225 

SECONDARY CYCLES NOW BEARISH - whilst below 9357-9443

Until #Bitcoin moves above 9357/9443 my view is down into higher timeframe support levels

3 potential patterns that may play out.

A. Starts to move down from next week into 8684 - 8225 and  then continues to remain range bound for a number of months

B. Moves down as far as 7695, but then moves into another sideways pattern

C. Dramatic sell-off into 5676 bounces but makes a further lower low in August before a major counter-trend upwards.

I have no idea, which one will play out, all I know is, I have a bias of down and if shorting resistance or breaks of support in the intra-day cycles I would hold longer than normal.

Positions can be managed using the intra-day cycles, i.e. take profits, add positions, run stop losses, counter-trends/swing for day traders.

My view is that #BTC needs to go down before it can go higher. HODLERS now have levels to add positions for long term.

BITCOIN & ETHEREUM REPORT 29th June 2020

BITCOIN PRIMARY & WEEKLY CYCLES

We're all presuming the BITCOIN is going much higher, therefore you want to be BUYING the DIPS

Those DIPS will always be the YELLOW LEVELS in the monthly time frames. (1st May 2020)

BITCOIN is above the Primary 50% level at 8225 (BULL TREND)

This Week finally hit 8846 and the BUY YELLOW Zone.

If BITCOIN is going to go higher, it needs to move back above the JULY level of 9353 and continue higher

However, we are in a similar position as MARCH and the last major sell off;  the start of the next month opens be below the Monthly 50% level.

BITCOIN MONTHLY

1. A bullish pattern would continue higher from last week's lows at 8846 and close above 9437 by the end of the week

2.  or a move down into the July monthly low around 8670  and then go moves higher over the next  5- 8 days

BEARS

Bearish pattern would be a failure at 9353 and close below 8670

Lower Support levels  - 7670 (Brown)

5670 - Monthly Channel lows  (Red)

Collapse - 900 (Green)

ETHEREUM Primary & Monthly Cycles

Same as BITCOIN, above the 2020 50% level at $200.50

Was looking good until late last week and likely to open below the July 50% level in a couple of days at $231

Not looking good below $213 (July Lows)

BITCOIN & ETHEREUM REPORT 13th JUNE 2020

BITCOIN PRIMARY  

Over the next 12 months, we're all presuming the BITCOIN is going much higher, therefore you want to be BUYING the DIPS

Those DIPS will always be the YELLOW LEVELS in the monthly time frames. (1st May 2020)

Bitcoin remains above support levels and also the 2020 50% level at 8225

The Weekly Regression is suggesting weakness or at least favouring a move downwards into the JUNE 50% level (30th May)

Therefore if we're BUYING the dips, 8846 is the level.

As noted previously, February was below support, we are now above support.

The best scenario would be support around 8846 and a swing to the JUNE highs at 10135.

SET UP A - Breakout and continuation is up towards $14,000+

SET UP B - 8846 moves up into the JUNE highs - stalls and then moves down in July 7659.

Even though there is a possibility that it could move down into 7659, I think it needs to retest JUNE highs first.

Etheruem Primary Cycles

Still trending higher whilst above $200

Target Yearly highs and 333+  the green Channel highs

BITCOIN REPORT 30th MAY 2020

BITCOIN PRIMARY CYCLES

Over the next 12 months, we're all presuming the BITCOIN is going much higher, therefore you want to be BUYING the DIPS

Those DIPS will always be the YELLOW LEVELS in the monthly time frames. (1st May 2020)

Bitcoin remains above support levels and also the 2020 50% level at 8225

The Weekly Regression is suggesting weakness or at least favouring a move downwards into the JUNE 50% level, which will be validated not on Monday but the week after.

Therefore if its' above 8700, then there is an expectation that BITCOIN will move towards 14914, once it cracks 10,000

Below, and it will dip down into Support at 7661 (but back under 2020 50% level)

BITCOIN & ETHEREUM - CRYPTO 23rd MAY 2020

BITCOIN PRIMARY CYCLES

Same critical pattern as February & March, as with MAY and JUNE. Sunday - a critical pattern as to whether 9444 pushes BITCOIN to further highs, or is under pressure again FEB was hitting resistance - MAY is above support.

#Bitcoin - Post Halving and everyone is expecting it to move higher, let's see...

ETHEREUM  Primary Cycles

Ethereum We should know by Sunday whether #ETH begins its move up towards $363, or not. Don't want to see it below $194

$363 the current Target, as Time moves forward that Target will continue to drop, so the Target diminishes over time. But if you're long, that's the current target. #ETH

ETHEREUM 2017 - 2018

if you're long you need a targets to work with and trailing supports to guide you.

As Time moves forward so do the levels.

#Ethereum

XRP - Ripple

whilst Bitcoin & Ethereum are above support, XRP is not. However, like the other two, from Sunday and next week will define whether XRP is Dog's breakfast or not.

BITCOIN Report 10th May 2020

BITCOIN PRIMARY & Weekly Cycles

BITCOIN should continue higher into the MAY highs  9898 and then reverse back down into Support levels.

Support levels 2020 50% level @ 8225  (previous)

BITCOIN is now back into the Support levels and the 2020 50% level at 8225

There was a very high probability it was going to come back into Support, but sometimes we forget how volatile BITCOIN is and quickly it can move.

BITCOIN still remains in a Primary Bull trend and Bitcoin-Halving happens this week, with everyone expecting BITCOIN to move much higher.

If BITCOIN is going to remain bullish, it needs to consolidate above 8225  and then push higher in June

As mentioned in the Previous post....

Over the next 12 months, we're all presuming the BITCOIN is going much higher, therefore you want to be BUYING the DIPS

Those DIPS will always be the YELLOW LEVELS in the monthly time frames.

The Yellow is currently at 7457 in MAY, but then it's at 8630 in JUNE.

Please note:- the last sell-off occurred in MARCH and it may Happen again in June.

We also haven't tested the Yearly lows in BITCOIN - 2924

Therefore, as much as we all expect BITCOIN to RISE after Halving, please be aware that it can do the opposite of what people expect.

~~~~~~~~~~~

PLEASE NOTE THAT ETHEREUM & XRP are back below those support levels

BITCOIN ETHEREUM XRP CRYPTO REPORT 2nd MAY 2020

BITCOIN PRIMARY & Monthly Cycles.

BITCOIN is back above the 2020 50% level and we have been here before, however this time it's aligning with the BITCOIN-HALVING in 8 days time that everyone is familiar with.

Is Bitcoin going to go Parabolic soon after, or is it going to DIP down for a number of weeks before going up over the next 12-18 months.  50k - 100K price targets

If it's Parabolic then it's towards the Yearly highs @ 13529 - 14350 before it retraces into the trailing support levels ( YELLOW)

If it's the latter, then it should continue higher into the MAY highs and then reverse back down into Support levels.

Support levels 2020 50% level @ 8225

Yellow @ 7425.

HOWEVER, BITCOIN can come under more pressure if US markets start to Trend lower, (READ US MARKET REPORT)

Over the next 12 months, we're all presuming the BITCOIN is going much higher, therefore you want to be BUYING the DIPS

Those DIPS will always be the YELLOW LEVELS in the monthly time frames.

ETHEREUM  Primary & Weekly Cycles

Above the 2020 50% level at $200

looking to move towards the Yearly highs @ 333, obviously it can go higher towards  465+

However, look out for retracements

XRP Primary & Weekly cycles

XRP lagging the others, therefore it needs to clear .295

BITCOIN 21st APRIL 2020

BITCOIN PRIMARY & WEEKLY CYCLES

BITCOIN looks to be testing 6571 again today. 

It matches the 5-day lows and can be a robust support zone for a swing back upwards.

However, BITCOIN is following the Index markets closely, and I'm extremely bearish on those markets (read Reports).

Therefore if it breaks 6571 on Wednesday (tomorrow), the bears are back in control.

BITCOIN - ETHEREUM - XRP Crypto 19th April 2020

BITCOIN Primary & Weekly cycles

That support off 6571 last week, pretty much says, it's not going do into the April lows and not following the break & extend pattern

The only way BITCOIN goes down into those lows, is if the S&P 500 and DOW begin to sell off (read US report)

At this stage my view is to follow the Monthly Cycles and from June it goes much higher on the back of the BITCOIN Halving.

ETHEREUM Primary & Weekly Cycles

Weekly Cycles Bullish

A lot of resistance in the Primary and Monthly cycles.

Needs to move above $200 for it to rally towards the highs.

XRP Primary & Weekly cycles

Primary Support, Weekly cycles bullish

Needs to be trading above .2928 for it to take off, maybe on the back of BITCOIN

Support .175

BITCOIN & Crypto Reports 12th April 2020

Bitcoin Primary & Weekly Cycles

BITCOIN has been following the price action in the Index markets closely, and if you read my latest on the S&P and my view that it's heading lower, then BITCOIN might follow and continue lower.

However, unless it's below 6571, then it's up, but I wouldn't be surprise if it tests 6571 this week.

We saw the break on Friday and now Bitcoin is looking to move back towards 6571.

Is my original view of Bitcoin moving down into the April lows in the week of 20^th – 24^th still in play?

As part of the break and extend pattern in the Monthly cycles

We have a very similar price pattern, as last November/December. The first week has a

‘NO-CONTROL” bar, where the Weekly close is the same as the open.

4 days ago I didn’t think so, now it is certainly a possibility.

ETHEREUM PRIMARY & WEEKLY CYCLES

Ethereum Primary & Weekly Cycles

Too early to tell on what’s going to happen, but if it’s following Break and extend pattern in the monthly Cycles, then you want to be buying around the Yearly lows. AT 68.00

If it’s not going lower, then 147 is the support zone in the weekly cycles.

XRP PRIMARY & WEEKLY CYCLES

XRP has already tested the Yearly lows in 2020 and if it’s going to continue higher, then it should push up next week from .1868 to .2457.

However, if there’s a lot of selling happening in the next 10-days, then it could end up as low as .0966cents  

BITCOIN CRYPTO Report 8th April 2020

BITCOIN PRIMARY & WEEKLY CYCLES

Bitcoin didn't follow the break and extend pattern in the monthly cycles like previous times, from the March breakout down into the April lows.

Bitcoin,  instead moved higher once the resistance disappeared on Sunday.

We can see in the daily charts, Sunday failed to close below the daily lows, and Monday provided the perfect set-up for a move higher.

My view now is to follow C, up into 7948 and then support from 6914 in MAY, as it aligns with the HALVING of Bitcoin.

BITCOIN has been following the price action in the Index markets closely, and if you read my latest on the S&P and my view that it's heading lower, then BITCOIN might follow and continue lower.

However, unless it's below 6571, then it's up, but I wouldn't be surprise if it tests 6571 this week.

BITCOIN CRYPTO 5th April 2020 Report

BITCOIN PRIMARY & WEEKLY CYCLES

MARCH RESISTANCE DISAPPEARS TODAY AND IT CAN MOVE HIGHER. - SET-UP A

HOWEVER, I'M TRADING THE BREAK & EXTEND PATTERN DOWN INTO THE APRIL LOWS BY 20-24TH APRIL - SET-UP B

CURRENTLY STALLING AROUND THE SECONDARY 50% LEVEL APRIL - JUNE

BITCOIN DAILY AND LS CHANNELS (READ BOOK)

Those looking for move down to the April lows by the 20-24th, we need to see a break below 6749 (daily close today).

The rest of the Month with then be defined by 6571 (APRIL 50% LEVEL)

For those who have read my book, everyone should be familiar with these Linear "Least Square" Channels.

BITCOIN & ETHEREUM Report 1st April 2020

BITCOIN PRIMARY & WEEKLY CYCLES

I still continue to see BITCOIN going into the APRIL lows.

March Resistance will most likely continue for the rest of the week and then push lower from next week. However the resistance does disappear and it could move higher into 7875.

We still view BITCOIN is a BREAK & EXTEND pattern from March into April lows.

If we look at previous price action in BITCOIN, the downside targets normally reach in the 3rd week of the Month. Therefore we want to be looking for lows 20-24th April.

The ideal price action is for BITCOIN to move down and then swing up  - SETUP A

SETUP B

finds support then moves sideways into MAY and then drops down into the 2020 lows of 2966 and as low as 1766

ETHEREUM Primary & Weekly Cycles

Ethereum is slightly different, as it's being supported around it's MARCH lows and could swing upwards (SETUP A)

However, Support does disappear at the end of the week and with a view of going down, along with BITCOIN - SET-UP B