It’s about time to send a serious warning sign to all our readers, both crypto enthusiast and non-crypto investors. Why? Because it is the perfect time to start taking long term positions in the crypto market. What are we talking about? Returns of 10x to 20x in the next 12 to 18 months are underway, and it starts with the right positions in the next 4 to 8 weeks! Pretty bold forecast? No worries, InvestingHaven was the first in the world to start a crypto investing research service, so we have gone through all cycles and have seen it all. If we come out and say TAKE POSITIONS NOW then we mean TAKE POSITIONS NOW. Yes, all our crypto forecasts came true, all of them (with maybe one exception only). Our 7 Cryptocurrency Predictions For 2020 are underway. And we’ll today publish 7 must-read crypto investing insights from the last 24 months that will be highly applicable to crypto investing between NOW and end of 2021.
As said, we’ll re-print 7 crucial insights that are applicable now, from our writings in 2018 and 2019.
Crypto moves fast, but remains always the same: cycle up / excitement, cycle down / panic, consolidation / confusion. Repeat rinse repeat.
The other constant in crypto markets? Emotions of crypto investors are as volatile as crypto prices.
In our premium crypto investing service we wrote a lot (really a lot) in the last 24 months. Many of those insights are today as relevant as they have ever been in the past. And they will be highly relevant for crypto investors going into 2021.
Now is the time to act, now is the time to start considering positions, because a new crypto bull market wave is underway, we are telling you this with the highest level of confidence!
Insight #1: Bitcoin’s 10k is a hurdle for 2 years, but wait once it’s cleared
From our crypto alert written on June 10th 2018
Note how the rounded bottom in April of 2018 was followed by a rounded top in may (red annotation). The former is bullish, the latter bearish, so it is clear that the $6k to $10k level represents a formidable fight between bulls and bears, so this area needs work, and it might take time before the bulls take over control.
Any need to sell or a buy opportunity?
No reason to sell. Remember, this is an area with a strong fight between bulls and bears. Typically, this becomes a mental game. Both bulls and bears tend to give up when zig-zag movements take place.
THIS IS NOT A TIME TO PANICK … on the contrary, you have to stay focused and rational, no emotions. Ask yourself: what if my account goes (deeply) in red before it makes a U-turn? Get used to the idea that volatile assets like crypto make show up in red in your account. This is the hardest part for investors to overcome. Buying is easy, buying at low prices is harder, selling is even harder, but staying strong during consolidation periods with ups-and-downs is by far the hardest thing!
Commentary on July 19th, 2020: Bitcoin is struggling for 2 years with the 10k level as resistance and 6k level as support. BTC proved that it wants to be above 6k (bullish). We believe it is a matter of time until 10k is broken to the upside. You want be invested in BTC before this happens which is likely in the next 4 to 12 weeks!
Insight #2: Look at the facts, it’s a consolidation in a long term bull market
From our crypto alert written on December 28th 2018
The point is this: the next bull market which we strongly believe will start in 2019 or 2020 for reasons explained in great detail in alerts in November/December of 2018 will also unfold in a rising channel. It is the first signs of this channel that will determine the shape of it, and it will also suggest the next peak(s) of the next bull market way before the bull market becomes visible to the public!
Now this is, by far, THE most important piece of information for any of us, and a well kept secret. On the one hand we can start determining our exit plan, but, more importantly, we stay disciplined once everyone becomes excited.
As said many times this year EMOTIONS are your biggest enemy. Remember exactly one year ago? You were full of emotions and excitement. If InvestingHaven’s team would have knocked on your door telling you to sell your crypto? You would have slapped us in our face, because you could not imagine it (in your excitement).
Commentary on July 19th, 2020: Today may feel uncertain in crypto markets, but the point is that long term successful investments are taken when there is uncertainty (in a long term bullish trend), not during excitement. Don’t wait for those +20% moves higher per day, will be too late, you’ll be chasing prices higher similar to Jack and Joe!
Insight #3: Buy low, sell high
From our crypto alert written on November 25th 2018
We are very, very close to a major bottom. Another 30% and we are likely going to hit a major, major bottom. This will likely trigger a major buy alert.
On New Year’s eve last year, when everyone and his uncle was super excited about Bitcoin and any cryptocurrency on this planet (including scams and fraud) we warned readers to become defensive. We even did this in the public domain, not only for premium crypto members, as you can see here in this article forecasting an intermediate top. Nobody got it, people thought we were crazy.
Today, we are getting as excited as can be. Most likely, nobody gets it, and many will think we are crazy. We are perfectly sound, no worries!
Yes, the decline feels bad. Yes several of our positions are under water, some of them deep in red. But that’s besides the point. We believe that the point is that (1) there will be a next bull market (2) a major bottom of the current bear market is near (3) this will pave the way for the next bull which has to be confirmed though through appropriate price action in particular a consolidation of at least 6 months.
Commentary on July 19th, 2020: There was much, much more pain 1.5yr ago. Today’s consolidation is nothing compared to the 20% declines per day we saw back then. Back then was great to buy, now is good to buy, in a few weeks will be too late to buy!
Insight #4: RLC was a strong buy, now probably too late
From our crypto alert written on May 11th 2019
The title of this alert: iExec RLC = top performing crypto RLC + blockchain based iExec platform + group of geniuses and visionaries
There you have it: signs of adoption, signals of customers who are willing to pay. They already announced a partnership with Alibaba, China’s biggest online platform (say, Amazon in China), as well as partnerships with Ubisoft and others. With their new monetization capabilities it seems rather clear they start seeing a demand for paid cases.
This is *exactly* what we want to see. We love their story, they are light years ahead of time, it now is a matter of focusing on both monetization and successful use cases.
Again, RLC remains a long term buy, regardless of what it does short term (probably is over-extended). Speculation towards May 15th might drive price higher, and a decline may follow. But we don’t care about short term price movements, we only care about the long term. We want the greatest value-add cryptos in our portfolio.
Remember, the highest value-add cryptos will survive everything, as their supply/demand driven price will even exceed any regulatory risk and decision by governments!
Commentary on July 19th, 2020: RLC was trading at 0.65 USD when we wrote this alert in May of 2019. Yesterday it touched 2.00 USD. One last chance to get in, the next few days or weeks, and then it’s too late. Our premium crypto members will get some guidance, because they got detailed guidance two weeks ago when RLC was breaking out around 0.80 USD.
Insight #5: More strong buy alerts on RLC
From our crypto alert written on November 17th 2019
The title of this alert was ‘Breakout alert: iExec RLC unusually bullish’
There is great news. RLC is finally doing what we expected it to do, for such a long time: do amazingly bullish things!
First, in fundamental terms, it is one of those few crypto companies that is doing the right thing. It now is part of Trusted Compute Framework, a new technology framework created by Intel in cooperation with several giant tech companies. RLC is the only crytocurrency in there for computing power, the other crypto in this framework is Chainlink (LINK).
Second, from an economic perspective, as said before these guys are geniuses. This recent video in which they answer questions from investors and followers has very, very interesting insights.
Third, from a chart perspective, RLC is truly awesome now.
Long term we believe a peak #3 will follow on this chart, in this new rising channel. That’s when we believe we have to sell most (if not all) of our RLCs. The price could be $10 or even $20.
So are we saying that we wouldn’t exclude a 25-fold rise from today’s price level?
Yes that’s what we are saying. But only if you hold strong + if BTC continues its rise. Violating any of these two conditions will invalidate this outlook!
RLC was trading at 0.84 at the time of writing.
Commentary on July 19th, 2020: RLC was trading at 0.84 USD when we wrote this alert in November of 2019. Yesterday it touched 2.00 USD. One last chance to get in, the next few days or weeks, and then it’s too late. Our premium crypto members will get some guidance, because they got detailed guidance two weeks ago when RLC was breaking out around 0.80 USD.
Insight #6: XRP will be next, maybe last but certainly not least
From our crypto alert written on December 7th 2019
Want to see an analogy to understand what WE are looking at and what WE expect to hapen? Look at the silver chart.
Take a moment, and really spend a few minutes on this exercise, to compare the long term XRP chart above with the long term silver chart below.
It’s almost identical. Look at (1) the exceptional rise before the peak in 1980 / 2017 (2) the break above 3 falling trendlines after the peak (3) the long basing pattern (4) the fast rise that followed after the long base.
How do you think silver holders were feeling in the 90ies? How do you think the skeptics were talking about silver in the year 2002, right before the amazing breakout that went into history books?
You have the answer: just like the XRP situation today!
Now you might argue that silver’s chart is a 50 year chart. Comparing XRP with silver would imply we have to wait a few decades to see all-time highs in XRP tested again.
Not at all, is our answer. In crypto land everything happens with a factor 10x: prices rise 10x higher and fall 10x, lower, but more importantly everything happens 10x faster. Obviously this is an approximation, not exact science.
If silver rose from 1 to 50 USD between 1972 to 1980, in 8 years, XRP did the same in 8 months (April to Dec 2017). Got it, 10x faster.
Sooner rather than later, prices will turn higher again, and we may forget about the current uncertainty and rough market conditions. But the key point is that we have to learn from anything that happens in our investing career so that we can benefit from this in future situations.
Commentary on July 19th, 2020: Above is the silver price chart at the time of writing (December of 2019). In the meantime it has morphed into an uberly bullish chart, as it trades above 19 USD. XRP will be the same, and XRP holders will be rewarded. Once it starts, it will move too fast to get in. Now is the time to get in, XRP will follow silver, RLC, and all other assets that had a similar bullish reversal setup!
Insight #7: The importance of a solid exit plan written in the early stages of the bull market
From our crypto alert written on April 26th 2019
You have to start working on the exit plan
Wait a second, working on the exit plan, in the same month the bear market ended? Isn’t that way too early?
No, it’s not too early, you heard this very well. Start working on the exit plan at the very start of the new bull market. Even if it may take 2, 3 or (God forgive) 4 years until this new bull market peaks, you have to start on your exit plan already now.
In this alert we look at 3 questions related to the exit plan:
why work on an exit plan so early in a new bull market,
how to do this,
a look at the process.
Why work on an exit plan so early in a new bull market.
First, “you manage yourself and your emotions” by working of an exit plan very early in the bull market. This results in a couple of things to happen:
It avoids getting emotional.
It avoids chasing prices higher.
It avoids trading too often.
It avoids getting shaken out of your positions by the bear raids that will occur anyways
Pretty sure you have experienced all of the above already, especially in the crypto market. And, yes, there are ways to avoid all this. If you succeed to do so you achieve one thing: maximize your profits in this market.
The exit in the early stage of a bull market enforces you to apply this crucially important principle: less is more. As per my own 1/99 Investing Principles it is 1% of the days in a year you trade a specific market, e.g. crypto, with buy or sell decisions. Investors need to find ways to force them to apply this principle, and respect it.
Sounds simple, it really is a tough one to apply in a disciplined way!
We are here to beat those markets! Being smarter than 90% of other market participants and investors requires discipline, and, more importantly, not getting emotional.
Commentary on July 19th, 2020: The exit plan is the first thing we will publish to our premium crypto members. That’s to avoid getting excited, and missing the obvious exit points where we maximize our profits!