It happened: BTC broke down. The combination of weak stocks and a strong US Dollar is a condition that crypto does not like. Crypto needs stable markets to do its magic. Those who have patience and some cash available will pick up quality cryptocurrencies at bargain prices in the not too distant future, our crypto research service will be focused on spotting those mega opportunities. In 18 months from now, the latest, crypto will be making new ATH, is our latest crypto prediction.
Since mid-April we started warning our crypto investing research members. Below are some quotes from alert we sent between mid-April and last Wednesday.
Related to the BTC chart which is central in our research:
BTC is now thoroughly testing the 3d bullish trendline, support at the Jan + Feb sell-off lows. It’s a make or break level, you need to know what you are doing here.
You can see the green trendline on below BTC chart, it was obvious that the bulls were losing this fight. This is what we wrote in another alert recently:
What’s concerning right now is the steady decline towards this trendline, it feels like BTC is slowly but surely pushing to that trendline. The problem with this setup is that a breakdown can occur very fast because the entire world has noticed this trendline and protective measures are taken by large traders once this trendline gives up.
About a week ago, we recommended to avoid opening new positions:
This is not a time to take new positions, this is not a time to be experimenting with crypto. It’s a time to be more defensive. Raising some cash from current positions is not a bad idea: you’ll be able to buy lower OR (best case) slightly above current levels (if the bearish scenario does not play out).
While all this is easy to spot in hindsight, we try to front-run the market with these insights and tips. We use a structured method which is based on leading indicators combined with a hunt for unicorns (future 10-baggers). Moreover, we track +30 coins which help us create a really sharp picture of what’s happening in crypto space.
For now, we continue to be in a defensive mode until we start seeing solid signs of global market improvements and a weakening USD. We expect BTC to test the 29-33.3k level at least a few times in the next few weeks and months. A few crucial tests of critical support, there is no reason to be in a hurry!
Our next challenge? Find one of the two winners of 2022 and share with our members right before it happens (whenever we believe crucial tests of critical support will be successful). It won’t happen in May, it may start late June, it could happen in July, unless of course markets completely melt down. That’s exactly what we are tracking for our members.
