2022-06-14 22:33:18
We are in a bear market.
Within 48hrs the bounce could start.
It will be again, temporary bounce on a multi-month timeframe.
For MOST crypto traders here, this bounce shouldn’t be ignored… as it could provide some nice relief with alts etc. help you if you haven’t exited your positions yet, to exit them at much better price.
I wanted to write that bounce doesn’t have to happen, but it actually does. What doesn’t have to happen is that my timing is correct… if tomorrow’s fed news will be extremely bearish for btc and we can go one or even two more levels down before it starts. However, as much as trader, a player of odds can be confident, I believe that this zone (18-20xxx area).. will have some bounce that will provide you an opportunity to sell at much better price most alts than this one.
If you catch it right, I’ll not guide the free channel to do it, but you have my biases,… you can 1) rebuy now more coins than when you sold 2) have your coins grow as we go into the bounce and then 3) sell back knowing it isn’t the top.
Important point: to be able to tell you these high confidence things, I had to zoom out and look at global economy and macro events. I cannot zoom in for less than 3 months… and for this 3 months period I can tell you what I see:
1) I see 8/10 (high) odds of us reaching even lower levels than this.
2) I see signs in forming that 3-5 months from now we could have one really BULLISH catalyst.
If my analysis is correct… this phase will drive the market to go down, and then it will be followed by some sideways action, boring sideways action in which the bottom will be formed. Naturally, technically, we will start going upwards, and then, if this news happens, what I expect to happen and I might write in one of the following Premium reports about… it could be strong enough catalyst for new all time high on bitcoin and very bullish for alts as it will be the opposite of the current dollar-strength-led dropping.
For my chimp followers to say in their language: “mwe he heee. Hu! Huu!”
Cheers!
D
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