Cryptocurrency & Forex Trading: Currency War Aggression – Why March 20 – April 19 Could Be Bullish for Bitcoin. ~5050 = First (Minimum) Short-Term Target!
Cryptocurrency & Forex Trading: Currency War Aggression – Why March 20 – April 19 Could Be Bullish for Bitcoin. ~5050 = First (Minimum) Short-Term Target!
03/28/19 INSIIDE Track – 2019 Aggression:
The month of April is a significant period of time, discussed every year due to its historical, natural, financial & geopolitical significance. I plan on updating and reprinting previous Date of Aggression analysis – as a separate report – so a cursory review should be the only thing necessary right now.
As veteran readers know, I place heightened focus on the days surrounding April 19 – what I term the Date of Aggression. In recent decades, that has timed many of the most salient and dramatic domestic attacks in the US (and abroad).
However, its national origin – for America – dates back to the first shot fired in the Revolutionary War – on April 19, 1775. That same Date of Aggression timed the first blood shed in the Civil War – on April 19, 1861. The following is just a small excerpt of the momentous Date of Aggression events in America’s history (in some cases the actual events originated in the days surrounding April 19, which is why there is related focus given to the Week of Aggression).
— Start of Revolutionary War
— Start of Civil War
— Start of Mexican-American War
— Start of Spanish-American War
— Failure of Bay of Pigs Invasion
— End of Viet Nam War
— Largest battle of warships since WW II
Since the 1990’s, April 19 (and the surrounding days) has timed a new kind of warfare:
— Waco/Branch Davidian debacle
— Oklahoma City Bombing (and coinciding execution of someone allegedly connected to it)
— Columbine High School massacre
… to name a few.
As just noted, I also place additional emphasis on the Week of Aggression – the period of April 12 – 19 that acts like the culmination of the first month of the Natural Year. That week is like the final phases of a parabola – exponentially gaining in significance.
However, the overall time frame – termed the ‘Month of Aggression’ – begins with the Vernal Equinox or the first day of Spring (in the N. Hemisphere). For thousands of years, agrarian societies have viewed this period as the time when the Earth came back to life and animals – as well as humans – emerged from their various states of Winter hibernation.
It has also been the time, particular during tribal eras and civilizations, when ‘kings went off to war’. In recent years, that first month of the Natural Year, from March 20/21st into April 19/20th, has seen repeated attacks – particularly focused in Europe.
April 19/20th times the culmination of that first month of the Natural Year and often witnesses the crescendo of that period – timing overly ‘aggressive’ behavior that is not unlike that described, during the same annual period, in ancient Rome (Tubilustrium)…
Currency War Aggression
One of the other April 19th events that is frequently cited is the abandoning of the Gold Standard and the outlawing & confiscation of Gold mandated on April 19, 1933. Subsequent, related events have also been discussed – all reinforcing the intensifying Currency War that continues to play out.
On April 19, 2016, another shot was fired when China launched the Shanghai Gold Fix – their entry into the global influence over the price of Gold (and by default, the pricing of corresponding currencies).
The month of April 2017 is when Bitcoin began its parabolic move higher – nearly tripling in value in a two-month period (and ultimately increasing nearly 20-fold from April – Dec. ‘17).
With cycles already aligning in April ’19 (Silver, Dollar, cryptocurrency, DJTA, etc.), could the Date of Aggression see another shot fired against global Dollar hegemony?…
Considering that Bitcoin created a double top in late-Feb. – right around 4200/BTC – and pulled back, a rally back to 4200 would now increase the odds for acceleration through that resistance and to higher highs. That would likely prompt a weekly trend reversal (to up) at the same time.
There are multiple timing factors corroborating this outlook… and identifying when an accelerated advance is more likely… While Bitcoin has been bottoming, it has produced constructive signs with regard to its 21 MACs. On a daily basis, that channel turned positive in mid-Feb. and has been guiding Bitcoin higher ever since. However, the weekly 21 MAC is the key…
That channel has been trending lower and Bitcoin has been trading below it… until now. The weekly 21 Low MAC is at 3903 and Bitcoin has just given a daily close above that level. While a daily close above a weekly indicator does not prove anything, it is the first time Bitcoin has done this since early-Nov. ‘18.
— Equally important, and helping to hone the time for a potential accelerated advance, the inversely-correlated weekly 21 MARC will begin to plunge in April.
That presents the optimum time for Bitcoin to both turn the direction of the weekly 21 MAC higher and to rally from that new support (as long as Bitcoin has given a weekly close above the weekly 21 High MAC in late-March)…
With Bitcoin already entering the weekly 21 MAC, it increases the likelihood that the 21 MARC drop – in April 2019 – should spur a strong rally in price.”
Natural cycles reinforce likelihood for Bitcoin to surge from late-March into late-April, expected to see at least one accelerated surge in April 2019. Bitcoin recently triggered a second round of buy signals and now has multiple indicators turning positive. They project an accelerated advance in the coming weeks – with an initial surge to ~5050 expected to unfold very quickly. Dollar cycles and indicators concur and pinpoint April as a bullish time for Bitcoin.
See Weekly Re-Lay & INSIIDE Track for additional analysis and/or trading strategies.