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.

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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