BTC crossed 20k, and it looks like ‘the real deal’. We don’t see this falling back below 20k to invalidate the breakout. This is major news, needless to say. It’s powerful, very powerful, for the entire crypto market! It also implies that our crypto forecasts for 2021 are underway, and that XRP will be ultimately moving to its long standing target XRP 20 USD. This article explains why BTC moving above 20k is also bad news, to some extent, and readers may complement this as an additional insight along with our crypto investing insights for 2021.
Over here at InvestingHaven we get excited when the entire world is sad about an investment. The opposite is true as well. As the entire world gets excited about BTC’s move above 20k we start getting concerned. There is good and bad news about BTC’s break above 20k. InvestingHaven is the first in the world to publish premium crypto investing research, with highly accurate readings. So better don’t ignore our work especially as excitement will go through the roof as 2021 comes up.
We get excited when the entire world is ignoring the crypto market, which is when we got in, comfortably and without stress. Think of our strong buy calls in April and July, also first week of November. That’s when we flashed buy and strong buy recommendations to our premium crypto members.
The problem we see now is that BTC is rising for 10 weeks now. And that’s the ‘less exciting news’: cycle analysis.
Every crypto uptrend took 3 months. Go back to 2017, and you’ll see 2x 3 months (April to June, Oct to Dec). If that’s true, and what’s about to happen now again, we are two weeks away from the end of the current 3 month uptrend in BTC. Not a lot of reason to be excited, right?
As the entire world goes mad about BTC, we are here to tell you: think twice.
That said, we have 2 longer term charts for BTC to spot a top, one of them (only) is the one we feature in this article (the other one is reserved for our premium crypto members). Not the ultimate top of this long term bull market, but certainly an important top where a partial exit is justified. Again, think of BTC as the leading indicator that informs other cryptocurrencies (directionally).
This charts suggests BTC is now moving to 27k in the next few weeks. It can continue to move higher after 27k is hit, everything is possible, and the break above 20k is obviously a very powerful event. There is no resistance up there … until there is.
We have one and only one focus as of now: spot that top for our premium members, and determine if / when / how / where / how much to exit. That’s the one and only focus, all the rest is noise.
Once again, social media will make heads of innocent crypto investors spin. They’ll get excited and it will ultimately hurt them as they’ll miss a (partial?) exit.
There is one very special XRP chart, that will never see the daylight, that our premium crypto members received today. Consider it proprietary research, on which we worked for a very long time. You too can access it (instantly even), after signing up and go to the blockchain alerts section.