Yes, a wedge.
BTC – But we are dropping down to the $10,400 BTC price now. This is a point where you could buy some of the good coins as they come down to lower prices. WE WILL HAVE A LOWER POINT LATER ON. but if you want a shorter trade opportunity – here it is. If you buy anything now, be prepared to hold it through some more up and down moves for some weeks before we get to my real buy and sell targets.
ATS – This is where the best opportunities are to pick up good ones as they come down. If there is a coin you have been FOMOing for then look for a 20% – 40% pullback from the recent move up to buy in. Good coins to look for on pullback are; DGB, RDD, ETN, ETH, ADA and my other good coins.
DEFI – of course you can pick up LINK , BANCOR or any of the other DEFI coins I listed in the PRO/VIP 5 DEFI coins list. BE SURE THEY HAVE MADE THE 20%-40% CORRECTION before buying. And be prepared to wait through a few waves UP and DOWN for the whole market to make its full extension to my Rally peak prices. DEFI coins as a group are going to make another big wave up.
TEMPORARY PROFIT OPPORTUNITY – Please remember my warning about DEFI from the Guides. If you plan to profit on DEFI by buying the correction and selling the PEAK then remember the following:
A) The market correction is not complete yet, I expect us to go lower so if you want to buy then LADDER THE BUY ORDERS IN AT DEEPER AND DEEPER LOW LEVELS.
B) Be prepared to sell at least 90% of what you buy NOW on the RALLY. If you keep 10% after the RALLY don’t get upset if the price goes lower later.
Here’s this weeks Horoscope – Full Moon in PISCES
WEDGE – It looks like BTC is making a big wedge in the $11k range. We can go up a bit for a few day before we make another downward move towards the bottom of this WEDGE.
BTC – The current wedge pattern can take us up to $11,800 – $12,200K but we are not going to go over that recent $12,400 high we just had – we will have lower levels before that happens. We aren’t into full blown correction territory yet. It can take weeks for the correction to unfold.
ALTS – Will be a mixed bag this week, some will go up and others will go down. Look for dips to accumulate the best coins that you want to trade for the upcoming RALLY. These would be coins you plan to SELL at higher prices, because if you don’t then you will wind up holding them through the DEEPER LOWS that I see coming. Be prepared to be patient. I would not buy anything now unless it had a 20%-40% pullback from a recent spike.
** If you are new please watch the VIDEOS in the CRYTPO 101 area for Money Management Strategies. Never trade more than 5%-10% of your portfolio or more than you can afford to lose. Trading is very dangerous and volatile and it takes years to learn to become a good trader.
STOCKS AND BONDS – Are WAY due for a correction. But probably not for at least a few days or a week still.
PRECIOUS METALS – We have had a good pullback on metals and I bought some this weekend. At the moment GOLD is a better bargain than Silver. But I bought some of both – mostly GOLD.
But both of them are still a great bargain. Gold is just now forming what is called a ‘cup and handle’ pattern according to TA – which means that nosebleed prices are coming. It will take a little while.
What I am actually seeing for NEXT YEAR is that Gold and the DOW race each other upward for price value. So, that’s something to look forward to. Meanwhile Silver is soon going to push up over the $50 ATH level. And will form a cup and handle once it gets up to that level. So SILVER has massive moves ahead of it. COPPER is also worth mentioning now because it is likely to have a similar move by the end of this year to what SILVER did in the past few months. Also, Copper is likely in a near term low right now because of the harsh aspects between Mars, Venus and Neptune – so it is set to make a good move upwards.
GOLD/SILVER RATIO – For all of you who bought Silver in FEB when I was jumping up and down and saying it’s time, it’s time! We’ve all done really well here because the Gold/Silver ratio then was about 125 oz of Silver to 1 oz of Gold. It is currently at around 69 to 1 which is just a massive gain. It basically means that you got a whole lot more Gold by buying Silver – almost twice as much. I am watching this ratio as I expect it will go down quite a bit more but there will be a correction or two which could make trading back and forth a possible idea. In the LONG TERM I see that Gold and Silver will go 1-1 in value at least for a little while.
TAKING METALS ACROSS BORDERS – My main reason for buying Gold is because it will be much easier to take across the border to Mexico than Silver and I will have to TRADE most of my SILVER for GOLD in order to transport it. It is good for you all to know that if you are in the US and will need to change your coins the US MINT coins are the easiest ones to sell at the highest price, but you will also pay a higher premium for them now. The good news about Mexico is that it is just about the most SILVER rich country in the world, so trading US Gold for MX Silver should be very easy to do with pretty low premiums.
OR if you bought from GoldSilver.com they have a guaranteed buy back program so they will exchange ANY metals purchased from them for you with the added benefit that you can have the new batch shipped to a new address in a new country if you need to. They also have Vault storage so you can buy the metals, have them stored at a vault in your country of choice (if available) and then go and pick them up in person OR have them shipped to you. It can definitely be a bit of a hassle, but I want have this info, in case you wind up needing it.
THE INFO BELOW IS REPEATED FROM LAST WEEK or earlier – but still good info, especially if you are a new member.
A CORRECTION – Is a pattern where we get a significant pullback after an extension of price. It can take weeks and sometimes even months for a correction to unfold. Along the way there WILL BE necessary up and down moves as price ZIG-ZAGS it’s way down to the correction level. This is a very basic concept of price movement. Please do not trade if you don’t understand this.
We can never expect a correction to come all at once and go straight down. Crypto is an extremely volatile asset. HOWEVER – because it is so very volatile and because it is also very manipulated we DO sometimes get straight up and down moves in the market. For this reason the best attitude to the market is one of flexibility and patience. The best success comes from picking your moments for ENTERING and EXITING with the focus and precision of an Eagle.
TRADING THE WEDGE – It can be done if you know what you are doing. This is NOT something I do, and I don’t recommend it based just on the levels I am seeing. You must know your own Technical Analysis and you must also be managing your money/risk very well if you do this. It takes years to become a good trader, please be aware of this and please recognize that what I am providing is better info for INVESTORS to find the best buy-in, profit taking and re-buy moments in the market.
$13k-$15k??? But wait? Where’s my $13k-$15k BTC? It’s coming, but not yet. FIRST we get the correction.
XRP Moves – Probably not yet, at least not in the significant way we are waiting for. There is some news coming out on XRP that can push prices up in the next few weeks. I will update as this is happening.
THE VIDEO BELOW – HOW TO USE RSI in Trading (reposting from last week in case you didn’t get a chance to see it.)
**WATCH THE VIDEO ABOVE FOR INFO ON HOW TO GET IN AND OUT OF TRADES MORE SAFELY.
XRP – As posted in my XRP Astrology video many months ago, this is the week when XRP is released from aspects holding it down, so it can start to move up – SOME. However – and this is very important– XRP will not start it’s FULL RUN until BIG banks start to fail. Here is the XRP Video:
PERSONAL STRATEGY – My personal strategy is to buy the good alts on dips and plan to sell the peaks when BTC is between $13k-$15k. I would never use all my money for this and still have a significant percentage on order at lower price levels. This is because we are generally still waiting for the other shoe to drop and take all the markets down. This WILL happen and it could happen at any time although we are out of the window of peak danger now. There are some things that cannot be known on the time level. Astrology gives me windows of probability, some will hit and some will not, and this is where strategy and technical ability comes into the picture. I am posting a video later this week to explain how to strategize in this volatile market.
***Remember, I am providing information, not decision making – the decisions will be up to each of you based on your own risk tolerance and goals. The smartest strategy is to take profits in small percentages as we go along. I have more advanced strategies for doing this in the PRO and VIP area.
NOTE: For me the $7k-$10k levels on BTC are a no trade zone. I do not recommend anyone who is not already a very competent trader to try and speculate in this zone. This is because there will be MASSIVE volatility in the next few months which is specifically designed to destroy traders. Please be careful.
DINAR AND DONG – The Iraqui Dinar and the Vietnamese Dong are still on the table and I do still recommend them. This is probably not a short term-instant fix strategy, so I personally haven’t put a lot of money into them. I consider this gambling money. Here are more details on my Market Update from a few weeks ago, you can read that HERE.
DEFI – If you MUST. The guides were very clear that this whole ecosystem is pretty dangerous in my recent channeling on LINK. However, there is currently a lot of modney to be made there. And I know everyone wants to be part of it. Even me. DEFI is a long term danger zone, however, for the next few months it is going to do very well.
LONG TERM – the ERC-20 network, DGB, and SLP tokens will FAR OUTPERFORM this DEFI network. But for now, it’s the hot topic. So, here is a little insight into what is going on there right now.:
There are 5 DEFI tokens that I expect to make another big wave up before the whole Crypto market has a good pullback. DEFI may continue to outperform the market for a few more weeks/months. One of these tokens is BANCOR so if you have a small amount of gambling money then this is one to look at. But you should consider this a gamble and treat any gains or non-gains the same way you would any money that you put on a table in the Casino.
Also be aware that the DEFI network tokens are somehow more tracked by the Govt than most of the others. Tokens that trade OFF the DEFI network are safe as long as they DON’T GO OVER TO DEFI. I see DEFI as a bad neighborhood as far as Crytpo is concerned.
The other 4 that I expect good gains from are being posted in PRO. This includes the one I expect to be the best near term performer.
Personally, I just made a significant buy of ADA and I am expecting it to do at least a 5x from where it is now in the next few weeks/months. It is a safer play than any of the DEFI coins.
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