As predicted, the crypto bulls are back!
I am not a technical analyst, but I do follow a couple of major analysts with their own channels on Youtube (see my favorite, below). However, it is good to have foresight, and then watch as these predictions unfold. As I had predicted way back in May, the crypto market is on the move, despite the naysayers who are (still?) predicting a 10,000 BTC. More below...
Pictured below: One of the most accurate technical analysts that I follow on Youtube (please note that I'm not linked in any way to his channel...I just like and trust the guy). However, despite my prediction just last week that the market is about to go bullish, this guy was warning about a potential bearish flag (which he reviews in the video, below). Today, he's changed his tune!
Please note that the following is not intended to be financial advice! It is merely my own 'prediction' or opinion of the potential price movements in the crypto market, and should be taken as entertainment purposes only. Be sure that you never invest any money that you can't afford to lose, and apply sensible, dollar cost averaging techniques to minimize losses.
Oh ye of little faith! The crypto market has turned the corner (remember just a few weeks ago when many of us were about to throw in the towel?). Today, everyone with a technical analysis channel is screaming that the bulls have returned, and I agree! Of course, we in this small community have been just a little ahead of the rest of the crowd with our foreknowledge that the bulls would be back sooner than others predicted, but it's great to get confirmation, isn't it?
If you'd like to get my take on the timing of things over the next few weeks, be sure to refer back to my crypto update just 5 days ago. Also, if you haven't already done so, click the notifications option for this site, because there will be some pullbacks in the mix that can be capitalized upon, and I will let you know when they're close. (Please note that it's hard to be 100% accurate with this, but I do my best).
Happy investing.