It is the topic of this week in all 3 of our premium services: stability in trading and investing decisions. Also in crypto markets it is worth being patient, especially for those that were holding long term positions or those who added a slightly lower levels (we tipped the BTC 6k to 6.6k area as a solid entry point for long term holdings in any of our top 5 cryptos, and so far it has proven to be pretty accurate). ‘Less is more’ applies to current market conditions, and those who feel tempted to take many trades will get fooled by the market.
The Corona crash in cryptocurrencies was really disturbing on all charts, not only crypto charts. That’s why it is important to stay focused on the long term trends, and crypto did not violate the long term trends … it only slowed down the uptrend. Our crypto predictions are valid, our Bitcoin forecast is valid though delayed, our XRP forecast is valid though delayed. Note that these levels for XRP are great long term entry points (yes, we are aware that many don’t believe this, and the more investors challenge us with this the more confident we become).
See, the most obvious investments are the ones with the least potential. And on top of that it requires patience. We believe that most of the crypto investors in our premium crypto service have the patience it requires to be successful long term. We are very confident that they will be among the few ones that will be able to exit at the next major top (presumably 50k in Bitcoin in the next 24 to 36 months). They will be laughing when they can sell XRP at previous all time highs, which is when the herd will be buying XRP (exactly like in Dec 2017 at the major top). And everyone will have forgotten the level of disbelief in April of 2020.
It’s a minority of our followers that don’t have the patience, and it’s the majority of the broad crypto investing community that don’t have patience.
That’s fine, and that’s good, it’s really good. Because if all investors were equally disciplined there would be zero profit potential. A small group of 1% of investors, as per Tsaklanos his 1/99 Investing Principles, is able to run away with 99% of profits, because the 99% of investors are not sufficiently disciplined and have no patience.
We should be glad many don’t have patience, especially privileged InvestingHaven premium members.
That said, the BTC medium term chart which we featured last week has a clear message: it wants to go higher. As long as it moves in this short term uptrend shown on below chart it is in great shape. It *will* consolidate on its way up.
The details of how to read this chart, the points where we can expect consolidation, and when exactly there will be bullish momentum in BTC (in all cryptocurrencies) is what we discussed in this weekend’s crypto alert. The alert is instantly available for anyone signing up to our premium crypto service. Many will be fooled at the price points we laid out, many will sell exactly when momentum will start … but that’s how it always goes, and it is the prerequisite for many to be fooled so that a much smaller group can be successful. Below chart is one of the many exclusive charts that premium crypto members receive on a weekly basis.