BITCOIN REPORT 31st MAY 2019 CRYPTO NEWS

BITCOIN PRIMARY & MONTHLY CYCLES

Great moves in all the coins during the month of MAY, with BITCOIN completeing the move into the Yearly 50% level @ 8050USD (EXIT)

I'm now on the sidelines on BITCOIN, but holding a number of other COINS that are still lagging behind with the same price action, of rotating into the Yearly 50% level. (read previous reports below)

HOW DO WE TRADE BITCOIN NOW?

The expectation is that this BULL CYCLE will continue to new highs until 2020, wth the 1st Target $15012, which may reach this year. (4th Quarter) and then new highs early next year.

BULL CYCLES move in 4 year cycles, therefore, there's still an expectation that the UPSIDE will still continue until 2022, with some suggesting that $51,000 is the target based on previous moves in BITCOIN throughout it's History.

In the SHORT TERM, if you subscribe to this theory, then we need to be BUYING the DIPS.

I'm hoping there will be dips and not a PARABOLIC move to 15012.

Short term Support resides around the JUNE 50% level.

LONG TERM SUPPORT will always be the 3-month trailing lows during the next 3 years.

BITCOIN 28th April 2019 Monthly Report

BITCOIN Primary & Weekly Cycles

UPSIDE target is the yearly 50% level in 2019.

However, there looks to be short-term weakness hitting Bitcoin that should see it retest the MAY 50% levels.

I would think those 50% levels will support BITCOIN  and then continue higher once again.

(Note - could go a low at 4307)

BITCOIN REPORT 5th April 2019

BITCOIN PRIMARY & SECONDARY CYCLES

Target remains the 2019 50% level @8050.50

We can see a breakout of the secondary cycle highs at the start of April, therefore there's an expectation that the trend will continue higher during this month and also MAY until 8050.50+ is reached.

If there's weakness at the start of Next Week, then those breakout highs are seen as SUPPORT around  4400-4800

I would be surprise to see BITCOIN spike up and drop back below 4400, but ....

BITCOIN ANALYSIS 30/3/2019 Monthly Report

BITCOIN PRIMARY & SECONDARY CYCLES

BITCOIN has turned the corner in MARCH 2019 and now looks to be heading much higher in 2019.

Even though it didn't follow the 2nd Primary cycle lower to 1100, it was the month of MARCH that was the KEY timing factor after the DECEMBER LOWS.

If we subscribe to PRIMARY CYCLES, which may or may not occur, the TARGET in 2019 is the 50% level at 8050USD  or 11350 AUD

There could be resistance around the APRIL highs, but the Support levels remain the channel lows and the APRIL 50% level at the start of the 2nd Quarter.

EOS PRIMARY & Weekly Cycles

Same applies to EOS and others below

LITCOIN PRIMARY & WEEKLY CYCLES

ETHEREUM PRIMARY & WEEKLY CYCLES

ALL TARGETS WILL BE THE 2019 50% LEVELS, 

which may or m,ay not get there

BITCOIN Crypto Analysis - Monthly Report 3rd March 2019

BITCOIN PRIMARY & WEEKLY CYCLES

I've been bearish on Bitcoin, as part of the Primary Bearish cycles, with the expectation that price would continue down into the 2019 lows @1100

I also said that the bottom would occur in March 2019 and then continue higher.

However, it hasn't moved down to 1100, but instead moved sideways as the month of March begins.

Secondary cycles are bearish, however, the 50% level in April will drop and we could see price trading above the 50% level in the 2nd Quarter

Therefore the support levels on BITCOIN in March around 3250-3450 are interesting levels.

It certainly could still continue lower in April, as the 50% level pushes the trend downward, but there's a lot of positive news coming out about Institutional players taking larger stakes in BITCOIN and other Crypto's 

Target would be 2019 50% level.

BITCOIN CRYPTO ANALYSIS 4th February 2019

BITCOIN Primary & Secondary Cycles

I still continue to be bearish on BITCOIN based on the 2-wave pattern in the Primary cycles, with a long term PRIMARY target at 1100

However, as seen in Index stock markets in early 2019, they haven't followed the 2nd wave pattern into the 2nd Yeary lows, instead moving higher.

Secondary Cycles has a target down to 2769.

Monthly cycles, which has often seen some buying support as crept upwards in February to 3215.

Trend is down with RANDOM SUPPORT at 3125

BITCOIN Report 6th January 2019 Monthly Report

BITCOIN PRimary & Secondary Cycles

There should have been more upside in BITCOIN, when it reached the December lows earlier last month (Read previous report).

A retest of the previous breakout would have been the best case scenario before it continues lower, but there is a distinct lack of volume and volatility even around these lows.

The overall Primary Bear market in BITCOIN suggests, it should be following another wave pattern down towards the 2019 lows at 1100

Even though there could be some upside in early January, as long as it remains above 3745,  I'm struggling to see it rising above 4614.

Medium Term Support @ 2910-2800

LONG TERM SUPPORT - BUY & HOLD  $1,100

Whatever BITCOIN does, every other Crypto will follow.

BITCOIN REPORT 23-12-2018

BITCOIN PRIMARY & WEEKLY CYCLES

If we trade BITCOIN using the same patterns that occur in Index markets, then BITCOIN should move upwards and  re-test the previous break-out around 5800

And ideal pattern will be to use next week's Monthly lows (December) for a swing upwards, as high at 6100 - 6900

However, following the Dilernia Principles, then BITCOIN should make another push lower in early 2019 to new lows, or around 1920.

IF BITCOIN IS TRADING around the 2019 lows in the first quarter, perferrably in MARCH, then hold BITCOIN to the 2019 Primary highs (EXIT)  (Previous Report)

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For those now long BITCOIN using the DECEMBER lows, the target is to retest the previous support levels @ 5800 and as high as 6200/6900USD.

However, if it doesn't reach those levels in the last week of December and 1st week of January, then my expectation 5,067 will become another resistance zone for BITCOIN from 7th January to follow the 2nd Yearly move down towards the 2019 lows.

If this plays out, then those lows form a LONG and HOLD position towards the 2019 highs by the end of 2019 ( EXIT & then RE BUY using the 2019 50% level for a move higher into 2020

BITCOIN 28TH NOVEMBER 2018

BITCOIN PRIMARY CYCLES

Ideally, I would like to see BITCOIN push down into the 2018 lows at $3000, as part of the 1st year Bear trend. If that happens it will be a decent BUY around that level, even though it could push lower in early 2019. (2nd year Bear cycle)

BITCOIN is following the text book patterns or moving down into the Primary lows of 2018 @ $3000.

If we trade BITCOIN using the same patterns that occur in Index markets, then BITCOIN should move upwards and  re-test the previous break-out around 5800 and the 3-month lows.

And ideal pattern will be to use next week's Monthly lows (December) for a swing upwards, as high at 6100 - 6900

However, following the Dilernia Principles, then BITCOIN should make another push lower in early 2019 to new lows, or around 1920.

IF BITCOIN IS TRADING around the 2019 lows in the first quarter, perferrably in MARCH, then hold BITCOIN to the 2019 Primary highs (EXIT) and then re-enter longs at the 2019 50% level and HOLD for new highs in 2020

BITCOIN 17th November 2018 Report

BITCOIN PRIMARY CYCLES

Previous reports suggested BITCOIN had more downside to go in 2018 and we can see the selling occur last week.

The overall target for BITCOIN will be the Primary lows at 3000 (GOOD BUY), which is a re-occuring pattern in most Crypto's this year. 

However, 4903 could provide some support with a swing back towards the 2019 50% level, as what occured earlier in year.

DOWNSIDE TARGET 3000USD

 but with random support around 4900