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.

~~~~~~~~~~~

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

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.

BITCOIN & ETHEREUM Report 1st April 2020

BITCOIN PRIMARY & WEEKLY CYCLES

I still continue to see BITCOIN going into the APRIL lows.

March Resistance will most likely continue for the rest of the week and then push lower from next week. However the resistance does disappear and it could move higher into 7875.

We still view BITCOIN is a BREAK & EXTEND pattern from March into April lows.

If we look at previous price action in BITCOIN, the downside targets normally reach in the 3rd week of the Month. Therefore we want to be looking for lows 20-24th April.

The ideal price action is for BITCOIN to move down and then swing up  - SETUP A

SETUP B

finds support then moves sideways into MAY and then drops down into the 2020 lows of 2966 and as low as 1766

ETHEREUM Primary & Weekly Cycles

Ethereum is slightly different, as it's being supported around it's MARCH lows and could swing upwards (SETUP A)

However, Support does disappear at the end of the week and with a view of going down, along with BITCOIN - SET-UP B