Cryptocurrencies are in a pretty good shape. However, it requires deep digging into the wonderful world of cryptocurrency charting to understand the characterstics of this new crypto bull market. We described this in great detail to our premium crypto members on July 27th, in an alert entitled ‘Bifurcated Crypto Markets. How To Handle This‘. This is a great piece of research, and it is available to anyone after signing up. This is happening while Bitcoin (BTC) is slowly but surely rising, without grabbing the attention of the masses. This opens the door for many ‘under the radar’ type of explosive moves in a select number of top cryptocurrencies, as per our crypto predictions, one of them being LINK and another one RLC. InvestingHaven gave very precise guidance to members, and this resulted in hitting multi-bagger profits in both LINK and RLC so far.
Without the insight of bifurcation in the crypto market it is rather impossible to understand how to be profitable.
Bifurcation is a state in which only a small number of cryptocurrencies are rising. This only is possible if BTC is going up, regardless of the pace how fast it moves up.
And that’s the biggest fallacy for crypto investors. It is in fact the biggest fallacy for any investor.
Investors always tend to look at recent history, the previous instances of the last similar bull market, to project what comes next.
But that’s not how markets work.
Markets always change their approach. The next bull market will have a different shape than the previous one. So while history can rhyme it does not repeat. Investors though look for repetition which are not there.
Markets are here to mislead, but they are not misleading us over here at InvestingHaven.
The BTC chart is beautiful, it is rising slowly but surely in a new channel.
The small sell off on August 18th was a reason for some to think that a crash would start, because it hit resistance around 12,300 USD. Nothing is further from the truth though. BTC is simply taking its time to overcome critical inflection points on the chart like the ones we indicated with the green circle. The next inflection point is due on Sept 4th.
Understanding these crucial chart concepts help us stay in our position, and not get scared away nor misinterpret meaningless things we read on Twitter or financial media explaining ‘sell offs’. In the end price and only price matters, so the chart is our guide (not social media, nor financial media, nor any guru, nor any narrative).
In the meantime we are hitting several multi-baggers in our crypto portfolio, one of them being LINK.
Below we show when we flashed buy alerts, at which prices, post-Corona crash.
We do know that many ‘crypto gurus’ got crushed during the Corona crash, and either stopped with their analysis/recommendations or got it totally wrong. At InvestingHaven we got it perfectly right, and the fact we are hitting multiple multibaggers this year is the ultimate proof.
Note that our research uncovered the next multi-bagger, and gave detailed guidance to our premium crypto members in an alert sent on August 18th called ‘Coin xxx and Coin yyy in BUY area‘. You too can get instant access to this research, it’s not too late to get in, by simply signing up here.