Bitcoin: Why August 28th, 2019 Is One Of The Few Crucial Days In 2019

Bitcoin is flat for 2 full months now. After our historic Cryptocurrency Alert: The Crypto Winter Has Ended on Feb 25th, Bitcoin rose more than 3-fold from $4k to $13k (on a closing basis) in the 2nd half of June. Since then it trades between $9.2k and $13k. Fundamentals did not change as per our cryptocurrency Predictions for 2019, and our BTC $25k forecast did not change neither. However, there is one crucially important date coming up for the remainder of 2019: Wednesday, August 28th, 2019. This is why crypto investors must stay very focused in the next few weeks until Wednesday 08.28 in 2 weeks from now.

We said before that Tsaklanos his 1/99 Investing Principles is applicable to crypto investing as well. It is just 1% of the days in a year that have an above-average meaning (value).

We’ll show why Wednesday August 28th, 2019 is one of the few days in 2019 that must have the attention of crypto investors. To be more precise, the days heading up to that Wednesday are equally important. Wednesday, August 28th, 2019 is like the deadline.

No, it’s certainly not related to anything you read in Bitcoin’s news, on the contrary.

Note that the high volatility in crypto is misleading. It makes investors think they have to trade more. The opposite is true.

As per our 50 Cryptocurrency Investing Tips it is only a few times per year that crypto investors should be on high alert.

Cryptocurrencies are highly volatile. Consequently, they require a trading approach as per the ‘less is more‘ principle. Trading less will result in significantly higher profits provided timing a trade is accurate.

Back to the key point of this article.

The daily Bitcoin chart shown below makes the point why August 28th is such an important date.

We are now in a rising trend in Bitcoin, and with this in the whole crypto market. However, how fast *exactly* the trend is rising is not clear yet. We might have an answer by August 28th.

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