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.