Bitcoin’s Chart Likely Signals “Last Chance To Get In”

It was just a few weeks ago when we observed that the Crypto Market Is Setting Up For One (Last) Major BUY Opportunity. That’s also when we wrote to crypto investors in our premium blockchain investing service our final entry points to get in. Since then Bitcoin (BTC) did exactly what we anticipated: it stopped falling in the buy area we identified. As long as this holds, and does not invalidate our investing thesis, we have a new trendline.

Why is this important? To lock in maximum profits, something that seems very easy with 10-baggers and 100-baggers cryptocurrencies but has proven to be extremely hard to realize. We continue to advocate to strictly respect our 50 Cryptocurrency Investing Tips For 2019 and Beyond 2020 for sure as long as 5 Cryptocurrency Predictions continue to underpin this new crypto bull market.

Let’s simply focus on the Bitcoin chart for the sake of understanding the strength of the ongoing crypto bull market.

Bitcoin is our leading indicator for the crypto market. It means we follow its chart, and associated patterns, to understand where the whole market is going. It also implies we don’t use more than five charts to forecast the direction of the crypto market.

This also is one of the ways we apply Tsaklanos his 1/99 Investing Principles: 1% of the charts in a specific market, like crypto, is what we need to understand the direction of 99% of its components.

The Bitcoin chart seems to have set a new trend line, the one indicated in pink on below chart.

This is crucial information that may support most, if not all, investing decisions. What can we derive from this, provided this trendline is respected (not broken to the downside)?

  1. We know that the $9200 to $9500 area was a strong buy area.
  2. We know that this may be the second, and likely last chance, to get into the crypto market before prices move too high and the profit potential dries up.
  3. It helps understand whether top altcoins are worth buying, relatively cheap or relatively expensive.
  4. Last but not least, it helps understand the next peaks in the new crypto bull market. This obviously is mandatory information to work out an exit plan which is what smart investors do at the beginning of a new bull market, not at the end when it’s too late!
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Carol W 1 year ago Contributor's comment

"However, cannot be held liable for direct or indirect damages resulting from the use of the information on this site." How unfortunate we can't hold you to your enthusiastic thumbs up endorsement. No position in bitcoin.

Bruce Powers 1 year ago Member's comment

Carol W, I suspect you would like James Altucher's recent article about this:

Currency Trader 1 year ago Member's comment

Actually Carol, those who invested in #bitcoin early, did very well. I just read about the 12 year old who ended up a millionaire from buying bitcoin early: