Bitcoin’s chart suggests crypto investors to be patient. After all, in the bigger scheme of things, Bitcoin far exceeded our BTC forecast and the crypto market in general met almost all of our crypto predictions for 2021, in the first 5 months (approx.) of this year. A well deserved break, is another way to think of it. Many crypto investors are in a hurry to enter, because they listen to their restless ‘inner voice’. It is the chart that should lead decisions, not the inner voice.
And here it becomes interesting: what exactly should be the leading indicator for crypto investing?
It is the BTC chart, most of the times. It certainly is the BTC in a sideways crypto market, in a bearish crypto market, and in pre-momentum (bullish momentum, that is) crypto market.
So then what is leading in the BTC chart?
In other words, BTC price is the leading indicator of BTC which in turn is the leading indicator for crypto markets, as said the vast majority of times.
Yes, but, fundamentals are important, is what the average investor is going to argue. Elon Musk his plans (or change of plans), CBDC plans by central banks, Bitcoin miners, institutional investing demand, the number of ETFs… you can’t ignore all this, is what the average investor is going to say.
You MUST ignore all this, is what the smart investor is going to answer.
Remember, common wisdom is not what determines success. As per Tsaklanos his 1/99 Investing Principles it is only 1% of investors that run away with the vast majority of profits, leaving 90% of investors with a break even state or small profits. There is 9% that is very successful, not as outrageously successful as the 1%. Financial markets operate under an highly asymmetric principle, and crypto markets are no exception to this.
With that said, ignoring each and every piece of news and fundamentals, what does the leading indicator of crypto markets tell us now?
Price, on the BTC chart, says that crypto markets need time. The next 2 weeks will be telling to understand the trend of the next 3 month cycle which will start on July 1st, 2021. For now, as we tend to say within our team over here at InvestingHaven “there is nothing on this chart“.
If there is nothing, you give that market the time it needs to create something. These creative processes take time. Let’s give the market the time it needs.
Our research team is eager to flash strong buy signals whenever they come up. Our premium crypto members got strong buy signals that delivered approx. 10 multi-bagger results in the last 9 months. Right now we are educating our members to wait, to be patient, to resist their inner voice. We are confident that our skills will spot the perfect entry moment and entry price in the (near) future. Sign up to instantly read our detailed crypto market analysis, published on June 5th.