Bitcoin Cycles Turn Negative;  Next Cycle Low Near Year-End.

09/27/18 INSIIDE Track – Currency Wars: “Bitcoin remains in a state of limbo, having plummeted to its major downside target (5,500 – 5,850) and then surged to its extreme weekly upside objective while twice neutralizing its weekly downtrend and peaking at 8,479…

Bitcoin has congested after rebounding into the early stage of the latest phase of a 38 – 42-week low (late-Aug. ‘15) – high (Jun. ‘16) – high (Mar. ’17) – high (Dec. ’17) – (high; Sept. ‘18) Cycle Progression.  Most technical indicators remain negative…”

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Bitcoin is holding above 3 – 6 month support at 5,500 – 5,800, but increasing the potential it could ultimately be broken.  If/when that occurs, ~3,200 becomes the next downside target (see July 13, 2018 The Bridge).  Cycles portend the next important bottom between late-Nov. – mid-Dec. 2018.

Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.