Our vision for the crypto market in 2020 was very simple, and is being confirmed with each passing day: cryptocurrencies will have a great year! That’s what we wrote in our BTC forecast as well as our crypto predictions. The first month of 2020 makes the long term Bitcoin chart really beautiful, and only sets the stage for a big breakout at point later in 2020. Members of InvestingHaven’s cryptocurrency investing service will be the first to know when the to take positions to be prepared for the breakout.
The crypto financial and social media space is one big cluttered area. Bitcoin goes up because this or that country thinks of a central bank cryptocurrency, the next days Bitcoin goes down becuase someone sold 20,000 Bitcoins.
One needs an aspirin after reading all those news items.
What readers forgot is that most, if not all, of the crypto news sites exist because they live on banners. When it comes to crypto social gurus they live because they collect likes and followers.
In the end there is only a handful of charts a crypto investor needs to make its decisions. All the rest is noise. Think of it: all the rest is noise, you don’t need any of the rest for great decisions.
By far THE most important chart we use over here at InvestingHaven.com is the weekly BTC chart. This chart says it all, not just for BTC’s future trend(s) but more broadly also tells a story about the crypto market.
Einstein once said: “Everything should be made as simple as possible, but not simpler.”
The same applies to charting and investing. If below chart says it all why make things more complicated?
The trend is up, it was scary mid-December last year but the uptrend was confirmed in January of 2020. The weekly BTC chart looks gorgeous.
Members of InvestingHaven’s crypto investing service have an edge, as we offer them 2 distinct methods on how to play cryptocurrencies: a long term buy and hold portfolio of 5 top cryptocurrencies as well as a more advanced method with short term trades that creates profits to add top cryptos in a long term portfolio. Want to get instant access to find out what/how as well as which cryptos? Become a crypto member >>