BITCOIN REPORT 15th July 2019 Update

BITCOIN PRIMARY & WEEKLY CYCLES

If Cryptos are going to go higher, then this is the the PULLBACK today that we want to see, as we're looking to buy the dips in July.

We need theses support levels to hold, a couple of weeks consolidation and then look for August to move higher. (5-day high patter breakout)

I think running stops below this week's lows (need to be confirmed), is what we're looking for

BITCOIN REPORT 30TH JUNE 2019

BITCOIN PRIMARY & WEELKLY CYCLES

I mentioned a Parabolic move upwards 4 weeks ago and by the look of it's done exactly that.

Thankfully is hasn't close right on its highs at the end of the quater, which often can be blow off top and Selling can hit hard.

This year's target remains 15,000K+ and more in the coming years.

If we view BEAR into BULL market reversals, the trend should continue higher until 2020 and potentially into a 4 years of higher highs. Buying the DIPS using 'dynamic support' and 5-day patterns that help verify that support (it's all in the book) is what we're after, as it's only going to give us a few opportuntites.

Therefore, there's an expecation that BITCOIN will continue higher, with JULY 50% level as a support level.

What I'm also interested is in the BUY ZONE, which is much lower. BITCOIN won't reach that low level in July , but that Level will move higher in AUGUST. 

That dynamic BUY ZONE is as GOOD level to be trading LONGS once again from, if the next 4-weeks moves sideways, which it may do after the run we've just had.

BITCOIN CRYPTO ANALYSIS 16th June 2019 Report

BITCOIN PRIMARY & WEEKLY CYCLES

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. (Previous Post)

We've seen the Yearly 50% level resist price at $8050, retested the JUNE 50% level, found support and moved back above the Yearly 50% level. That price action was the perfect set-up to get back into the trend.

There's still a bit of risk that it might stall around these June highs @ 9600-9900 and move back below the Yearly 50% level, but there's enough risk reward for a move toward $15,000 in 2019 and much higher in the coming years.

There are a lot of other coins that are lagging in Price action compared to BITCOIN, but at long as BITCOIN goes higher, holding other coins is a no-brainer.

NOTE:- if we subscribe that is going to move higher for the next 4 years, BUY BITCOIN around the 3-month lows and hold, as it will eventually retest it, but you'll only get 1 or 2 chances during this time.

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.