Beware: The Signal That Called The 2019 Bitcoin Peak Is Back
The latest Bitcoin uptrend is its most powerful yet, and while momentum has clearly been up for some time, an ominous sell signal has appeared. And while the cryptocurrency has shown little signs of slowdown, the top-sniping signal that perfectly called the 2019 peak is back again. Will this sequence-based signal result in near flawless […]
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Bitcoin price can be unpredictable. But shockingly, a specific model managed to predict the peak in 2021 at above $60,000 as far back as 2019. That same model is now pointing to a peak range near $732,000 per coin. Is this a realistic estimate, or pure hope? Let’s take a closer look at the model […]
One of the biggest arguments going on across crypto right now, is whether or not Bitcoin price action has topped out for this cycle. After a tremendous run, a peak could very well be here, and there are several indicators that back up this theory. The creator of one of those indicators, and one that […]
Bitcoin is approaching once again the arc which stopped the advance in the recent past. This setup shows us that we are at a point in time and price that is a bit precarious. The market has turned at this arc pair twice already. However, I see that at its peak, price not only punctured, but (briefly) closed above the arc pair. This suggests that the arc is vulnerable. Will it get through the arc pair in this test? This chart is very helpful. Here we can see that the 4th arc, which has been impenetrable for several days, has been penetrated all the way to the 2nd arc of the pair. As of this....
Unfortunately, the world of cryptocurrency has seen a bunch of people running scammy ‘investments’ preying on people’s lack of knowledge. Over the past couple of years, shady organizations such as Onecoin, MMM Global and others have brought a slew of shady characters operating get-rich-quick schemes and Multi-Level Marketing scams. It’s good to know how....
The key word of the last week has been whipsaw. This term is applied in trading circles when the price head’s in one direction, and then is quickly followed by a movement in the opposite direction. The price of Bitcoin has entered a period of high volatility and is whipsawing all over the place. A few simple words here: traders beware. It is time to be vigilant and wait for the price to resolve it itself one way or the other and form a trend before putting money to work. The chart below shows how hard it has been to predict the price movement as we have moved from bearish to bullish back....