BITCOIN & ETHEREUM REPORTS - 1ST NOVEMBER 2020

 

BITCOIN PRIMARY CYCLES

WE'VE SEEN BITCOIN RALLY SINCE MY PREVIOUS REPORT AND NOW TRADING ABOVE THE 2020 HIGHS OF $13529

THIS IS NOW IN A PRIMARY CYCLE BREAKOUT ZONE, WITH AN UPPER TARGET OF $17561 IN NOVEMBER.

HOWEVER, WE HAVE SEEN MULTPILE TIMES, WHEN THERE 'S A BREAKOUT IN THE MONTHLY (RED) IT CONTINUES INTO THE NEXT MONTHLY HIGHS AND THEN REVERSES DOWN.

THIS MAY STILL HAPPEN THIS WEEK, AND IF IT DOES IT WILL BE A QUICK MOVE DOWN TO $12768 AND IN MY OPINION, THEY WILL BUY IT BACK UP  TO THESE SAME NOVEMBER LEVELS.

A BULLISH SCENARIO WILL SEE AN EARLY PUSH UP THIS WEEK TO $14459 - $14600

ETHEREUM PRIMARY CYCLES

THE KEY LEVEL IS $385 WITH A NOVEMBER TARGET OF $464.

A BREAKOUT OF $464 ON THE BACK ON BITCOIN MOVING TOWARDS 17K IS $590

HOWEVER, A RETEST OF $365 IS STILL A POSSIBILITY.

$333 IS THE 2020 HIGHS, THEREFORE WE ARE IN A PRIMARY CYCLE BREAKOUT, WITH AN EXPECTATION PRICE IS MOVING TO NEW HIGHS IN 2021

BITCOIN & ETHEREUM REPORT 9th OCTOBER

 

BITCOIN PRIMARY CYCLES

BOTH BITCOIN & ETHEREUM ARE ABOVE KEY PRIMARY CYCLES LEVELS AFTER SPENDING THE PREVIOUS YEAR IN BEAR CYCLES

BY FOLLOWING THE DILERNIA PRINCIPLES, THERE'S AN EXPECTATION THAT BEAR MARKET REVERSALS CONTINUE HIGHER FROM THE CURRENT YEAR & INTO NEW HIGHS THE FOLLOWING YEAR

THESE TRENDS OFTEN BEGIN IN THE LAST QUARTER OF THE YEAR AND CONTINUE TO NEW HIGHS AT THE START OF THE NEW QUARTER I.E  2021 HIGHS.

BY USING WEEKLY REGRESSION TOOLS WE ARE NOW LOOKING FOR CONSOLIDATION ABOVE THE OCTOBER LEVEL 10680 AND THE CROSS OVER ON THE BLUE LEVEL IN A COUPLE OF WEEKS

THAT MEANS - 2020 HIGHS AT $13529 AND THEN NEW HIGHS IN 2021

ETHEREUM PRIMARAY CYCLES

ETHEREUM IS ALREADY ABOVE ITS 2020 HIGHS $333 AND IT'S FORMING A ROBUST SUPPORT ZONE.

TIME IS NOW CATCHING UP WITH PRICE AND I'M STARTING TO LOOK FOR MOVES ABOVE THE YELLOW AT 355-64

SURE TIME CAN CATCH UP WITH PRICE AND PUSH IT DOWN TOWARDS $273......BUT??

THE PRIMARY CYCLES OF MOVING FROM A BEAR TO BULL, I'M FOLLOWING THE 2-WAVE PATTERN TO NEW HIGHS IN 2021

BITCOIN & ETHEREUM REPORT 4TH SEPTEMBER 2020

BITCOIN PRIMARY CYCLES

Same patterns in the Primary Cycles, but what's the outcome in September, if all trends originate from the Yellow levels and push outward?

It's more than likely it will be weeks away before any new up trend begins from 10100, however it doesn't mean it can't go up, towards 11700 over the next 7 days and consolidate above the September level .

or it can be like FEB/ MARCH

10100 supports price for the next 7-days and moves down to 9053 (NEXT BUY ZONE)

A Flash - crash similar to MARCH will see price down to approx 5900

ETHEREUM PRIMARY CYCLES

Price had to come into the BLUE level at $377 for any new up trend to begin

We can see similar price action in June 2019 and there's other instances in previous years.

Therefore today's lows need to close above  $395 by Sunday, for a potential move much higher the following week.

Please note that ETH is trading above the Yearly highs, which is bullish and a breakout.

Bearish pattern will be a sell-off following BITCOIN, back down towards $200

CRYPTO - BITCOIN & ETHEREUM REPORTS 16TH AUGUST 2020

BITCOIN PRIMARY CYCLES

BITCOIN LOOKS WELL SUPPORTED FOR A CONTINUATION UPWARDS.

IT'S CONSOLIDATING ABOVE 11747, HOWEVER IT MIGHT TAKE ANOTHER ANOTHER WEEK OR SO  BEFORE IT REACHES 13529 (YEARLY HIGH)

THE TARGET REMAINS 15562 IN AUGUST

ETHEREUM PRIMARY AND WEEKLY CYCLES

TARGET IN AUGUST REMAINS $543

HOWEVER, i WOULD LIKE TO SEE A DIP DOWN INTO 392-97 BEFORE IT CONTINUES HIGHER

#BITCOIN #ETHEREUM #CRYPTO

Bitcoin & Ethereum Report 1st August 2020

BITCOIN Primary & Weekly Cycles

Minimum Move on #Bitcoin is to 11824

We've seen in the past that the start of the next month we could see a move downward starting next week back towards the August level at 9934. (Support)

However, I think this is different and it's following the move on Ethereum and continuing higher towards $13529 (Yearly Highs)

Ethereum Primary & Weekly Cycles

Target $369-72

Around those highs we could see sellers appearing trying to push it back down into $300 Support

However, if Bitcoin continues higher, the Ethereum will be moving towards the August highs - 2 wave pattern and exit.

BITCOIN - ETHEREUM CRYPTO REPORT 26th July 2020

BITCOIN PRIMARY & Weekly Cycles 

BITCOIN Primary Cycles Bullish above 8225 and once back above the Monthly 50% level at 9433 Bulls are back in control.

Two patterns in play - 

1. Stalls around July highs 9858 - 10202 and moves back down into 9357 (Yellow)

2. Trends up into 10976 - remains above 9858 - 10202 and continues higher in August towards the 2020 highs at  $13529.

ETHEREUM

Same pattern as BITCOIN, once back above the Monthly 50% level at $231 it's kicking higher and

up  into $372.

Support remains the the trailing Weekly 50% levels before it gets to that level.

If it hits $372 by the end of this week, it's likely to move higher early in August to hit the double top wave pattern (August highs)  Take profits.

There after...

Consolidates above the 2020 highs and continues to trend higher into 2021 highs

Therefore we want to be looking for move buying ops on any dips.

BITCOIN REPORT 20th July 2020

BITCOIN PRIMARY CYCLES

BITCOIN is above the Yearly 50% level at 8225, therefore the Primary Cycles remain bullish

Secondary Cycles are bearish, whilst below 9357 the trend bias is down, however we haven't seen the same sell-off as March, therefore the Sellers aren't in control.

The Secondary Cycles are now catching up with Price (blue 9507).

There is now two possible patterns.

1.

These same channels start to push the trend downward, starting from next week and into the AUGUST LOWS (same as September - October 2019)

2.

This week continues up into 9507 but stalls, then next week the same level will drop below Price and the next up trend begins from next week, as seen in April and December 2019.

There were a lot of ALT-COINS that were showing weakness two weeks ago, but they are back into showing bullish patterns

BITCOIN REPORT 12TH JULY 2020

BITCON PRIMARY CYCLES

We have seen 8846 support price (BUY YELLOW) and move up to 9357 and stall.

This is a very similar pattern as February/March, and this week has the potential to follow a similar pattern.

We never know the outcome of any trade, all we can do is position ourselves to potentially maximise for what may follow using TIME, PRICE, SUPPORT, RESISTANCE.

 PRIMARY CYCLES  BULLISH - above 8225 

SECONDARY CYCLES NOW BEARISH - whilst below 9357-9443

Until #Bitcoin moves above 9357/9443 my view is down into higher timeframe support levels

3 potential patterns that may play out.

A. Starts to move down from next week into 8684 - 8225 and  then continues to remain range bound for a number of months

B. Moves down as far as 7695, but then moves into another sideways pattern

C. Dramatic sell-off into 5676 bounces but makes a further lower low in August before a major counter-trend upwards.

I have no idea, which one will play out, all I know is, I have a bias of down and if shorting resistance or breaks of support in the intra-day cycles I would hold longer than normal.

Positions can be managed using the intra-day cycles, i.e. take profits, add positions, run stop losses, counter-trends/swing for day traders.

My view is that #BTC needs to go down before it can go higher. HODLERS now have levels to add positions for long term.

BITCOIN & ETHEREUM REPORT 29th June 2020

BITCOIN PRIMARY & WEEKLY CYCLES

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 is above the Primary 50% level at 8225 (BULL TREND)

This Week finally hit 8846 and the BUY YELLOW Zone.

If BITCOIN is going to go higher, it needs to move back above the JULY level of 9353 and continue higher

However, we are in a similar position as MARCH and the last major sell off;  the start of the next month opens be below the Monthly 50% level.

BITCOIN MONTHLY

1. A bullish pattern would continue higher from last week's lows at 8846 and close above 9437 by the end of the week

2.  or a move down into the July monthly low around 8670  and then go moves higher over the next  5- 8 days

BEARS

Bearish pattern would be a failure at 9353 and close below 8670

Lower Support levels  - 7670 (Brown)

5670 - Monthly Channel lows  (Red)

Collapse - 900 (Green)

ETHEREUM Primary & Monthly Cycles

Same as BITCOIN, above the 2020 50% level at $200.50

Was looking good until late last week and likely to open below the July 50% level in a couple of days at $231

Not looking good below $213 (July Lows)

BITCOIN & ETHEREUM REPORT 13th JUNE 2020

BITCOIN PRIMARY  

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 (30th May)

Therefore if we're BUYING the dips, 8846 is the level.

As noted previously, February was below support, we are now above support.

The best scenario would be support around 8846 and a swing to the JUNE highs at 10135.

SET UP A - Breakout and continuation is up towards $14,000+

SET UP B - 8846 moves up into the JUNE highs - stalls and then moves down in July 7659.

Even though there is a possibility that it could move down into 7659, I think it needs to retest JUNE highs first.

Etheruem Primary Cycles

Still trending higher whilst above $200

Target Yearly highs and 333+  the green Channel highs