So far, our crypto readings have been absolutely spot-on. Many members from our research service told us how they realized profits of 5 figures in 2021. So if our crypto market readings are so accurate, what are we forecasting for the remainder of 2021? In the end almost all of our crypto predictions 2021 came true, and we published them 6 to 8 months before they happened. We believe a move of 15k is underway in Bitcoin. The problem is that there is no way of knowing whether BTC will move up 15k, whether it will move down or whether it will first move down 15k and then up. Sounds strange? Not at all, there are times when markets enter a decision window, and forecasting is not only pointless but also impossible. This is such a decision window.
This article features one chart from our premium crypto research service. Our crypto members will receive on Monday morning our monthly crypto chart updates (30 coins) as well as a detailed leading indicator analysis. The daily BTC chart featured in this article gives a sneak preview of the quality and depth of our research.
As seen below there are a few easy conclusions from the BTC chart:
- The 16 month rising trendline will be tested in the next 2 weeks (grey circle).
- The rounded bearish topping pattern completed a few weeks ago.
- IF this market decides to resolve higher we will see BTC move in the bullish rounded pattern.
- IF this market decides to resolve lower we will see BTC break below the rising trendline. In that scenario it will find support in the grey area which comes in around 18k.
Reading markets requires from time to time to have the scenarios straight, and wait for direction from the market. This is such a period of time. It’s pointless to anticipate now, it’s even destructive to anticipate a market direction right now. We learnt this the hard way over the last 6 years in crypto markets.
We wouldn’t exclude a move to the grey area (15k lower) followed by a bounce back to the 30-40ies (15 higher).
The crypto market is right now at a decision point. We will be able to forecast a move higher (15k, to 48k) or a move lower (15k, to 18k) or first lower / then higher in a few weeks from now. Our premium members will be the first to know, as soon it becomes clear to us.
Between now and then, we are going to stay disciplined, respect the message of the market and simply wait which is the toughest thing to do for the majority of investors.
In our crypto research service we are publishing today some 50 charts, covering 30 coins and leading indicator BTC. You too can receive our research, which will be sent tomorrow morning, by signing up today >>
