As we head into October of 2023, we are starting to get more bullish again, on broad markets and cryptocurrencies. We have identified the period between October and mid-December as a period in which at least one bullish wave of 3 weeks will occur, maybe two of them. Other than BTC, ETH, XRP, and other leading cryptocurrencies, we want to stay focused on a few smaller tokens (in terms of market cap) that have much more upside potential, say leverage, if/when leading indicators like BTC start rising.
We already mentioned one such token, about a month ago, that has tremendous upside potential. The potential is still there, we believe it may double or even triple before year-end: Is This AI Token Ready To Rally?
Below is another token that has an unusually bullish setup.
The chart is awesome, there are a few features that stand out:
- The bullish triangle.
- The previous breakout, back in January, resulted in a 300% rise.
- Price came back down, throughout 2023, but it respected the critical 50% retracement level, on a 3-day closing basis. That’s is very, very bullish! It’s a bullish as the AI-token we featured a month ago (article hyperlink above).
- This token is now consolidating between its 50% and 38.2% retracement level (Fibonacci level). That’s the most bullish type of consolidation imaginable.
- The upside potential is 100%, for sure.
We advised our members to go after “free tokens.” What does this mean? The free token strategy is meant to sell tokens once they have doubled, keep the principal and tokens acquired ‘for free’ as such. This strategy only works if you get timeline + chart readings right, both combined, not just price readings. That’s what sets us apart at InvestingHaven, we combine price with time analysis.
Forecasting the 3-week windows in which crypto moves higher, which tends to happen two or three times per year, is the key to be successful with the ‘free token’ strategy. We explained this in great detail in Crypto Investing Strategies Should Focus On Timing The ‘Golden Weeks’.
In public posts, we tend to focus on sharing educational insights, like chart insights and learnings. That’s why we often leave out the symbols. Readers interested in the symbols can become a premium research member. The symbol of the chart in this article is available in the restricted area, in the alerts section. Get instant access >>