BITCOIN & ETHEREUM REPORT - CRYPTO 21ST FEBRUARY 2020

BITCOIN PRIMARY &WEEKLY CYCLES

Bitcoin has shown some weakness this week, but whilst it's above 9444 it's still part of the Secondary breakout with the view it's going higher.

Ideally, I would like to see price remain above this level and then push higher in March from 10128

Otherwise, it could potentially drift back down in March towards 8505-8707

ETHEREUM PRIMARY & WEEKLY CYCLES

As per previous post, Etheruem could stall around $260

and then continue higher in March.

Support is much lower around $199.80

BITCOIN & ETHEREUM Reports 12 February 2020

BITCOIN Primary & Weekly Cycles

The Crypto Markets are looking extremely strong, with the potential or more gains into 2021.

How far is anyone's guess, but if they have their equivalent parabolic runs, then it's much higher than the 100% target.

There are targets  - $13,400 &  $18,600 in 4 months.

Now, that could be over optimistic in the short-term, 

but the Quarterly highs are now seen as support zones 9444-9625

ETHEREUM Primary & Weekly Cycles

Read previous report for optimistic targets over the next 4 months.

If there's weakness over the next couple of weeks, the Quarterly highs and the 2020 50% level is support

@ 199.80

BITCOIN & ETHEREUM REPORT 7th February 2020

BITCOIN PRIMARY & WEEKLY CYCLES

BITCOIN is extremely bullish and I think it's heading much, much higher over the next 12 months.

Over the next 4 months, I have a target of  $18,604, which is 100% of the primary highs.

It may or may not get that high in 4 months, but it should get to at least the yearly highs $13,402

If it does reach $18,604 the next 4 months, It's an ideal exit zone and look for a retracement level to get back into BITCOIN and ride it up into higher highs in 2021.

ETHEREUM Primary & Weekly Cycles

Ethereum provided the perfect set-up to get back into it, with support at $157 (read 24th January report), as well as a number of other Altcoins exhibiting the same price action.

100% Target is $458

However, there might be resistance around $260 during February and then a push higher in March.

Happy days ahead!

BITCOIN 31st January 2020 - Report

BITCOIN PRIMARY & WEEKLY CYCLES

Bullish moves in all Cryptos since the DECEMBER lows.

BITCOIN now coming into Ressistance zones 9343-9700

Any resistance and I think it will drift back down into 9000 and find support.

Price action suggests more gains into 2020 and much higher into 2021,

confirmed with a breakout above the resistance levels.

However, I won't be surprised to see it consolidate for 1-2 months more before the next move higher.

HOLDING

ETHEREUM REPORT 24TH JANUARY 2020

ETHEREUM SECONDARY & MONTHLY CYCLES

As noted in the previous report, the December lows has once again supported price in BITCOIN, as well as other coins.

We can see ETHEREUM following a similiar pattern as in 2018.

1. December lows

2. move above the monthly cycles

3. FEBRUARY support levels are around 157

minimum target will be last year's high @ 357

as high as 553 in 2020

BITCOIN REPORT 17th January 2020

BITCOIN PRimary & Secondary Cycles

Expectation of a move higher from December lows has played out, but a lot higher than expected in January

The swing and then consolidation above 7918 followed by a 5-day high break, has seen BITCOIN back above the Primary 50% level for 2020.

There's now a number of resistance levels around around 9343 - 9700...

However, I would treat 8100-8400 as support during this month.

Whilst BITCOIN is back above the 2020, this is a very good sign :) 

BITCOIN REPORT 4TH JAN 2020 MONTHLY REPORT

PRIMARY & WEEKLY CYCLES

BITCOIN continues to be in a bear market, whilst it's below the 2020 50% level.

With December's lows holding , I'm expecting BITCOIN to move back up into the 50% levels at

7918 - 8177 (resistance)

How it reacts around those resistance levels, can either send BITCOIN further down

or

Sideways into February and then see if it can stablise above the February 50% level 7552 

and then continue higher.

BITCOIN REPORT - 20TH DECEMBER 2019

BITCOIN Primary & Secondary Cycles

Looking at the price action now compared to 2018, we are in the same position that may result in another breakout of the Secondary lows and continuation down into the DECEMBER LOWS and next BUY zone (22nd Nov Report)

We've had a similar pattern occur this November- December, as was the case in 2018, a breakout of the November lows and push down into the DECEMBER Lows & Support.

The question now remains now...

1. Do we have another 2 months sideways pattern into March 2020, struggling to get above 8050 and the 2019 50% level

2. Or does it shoot back up into the DECEMBER LEVEL (Yellow) and we then keep an eye on price action around January's 2020 50% level.

Primary & Secondary Trends remain bearish.

December lows are counter-trend buying opportunities using the 5-day cycles as guides - Entry / Exit/ Stops

BITCOIN REPORT 8th DEcember 2019

BITCOIN PRIMARY & Secondary Cycles

The Primary & Secondary Cycles in BITCOIN remain bearish. (below 50% levels)

We haven't seen too much selling in the past week, as it's currently being supported around the Quaterly lows.

 However, I would still like to see it continue down into the DECEMBER LOWS, as part of the breakout pattern.

BITCOIN REport 2nd December 2019

BITCOIN PRIMARY & WEEKLY CYCLES

BITCOIN Back into Bear Market 

A break of November lows didn't attract too many other sellers this time around.

Therefore, if it's similar to December last year, then...

Random Support around DECEMBER LOWS - 6698  - 6263

Resistance - 8598