LAST PREDICTIONS
So..... what a week....... I've made some price pridictions and man o man I did not see this kind of action in my mind. It just goes to show that anything can happen in the cryptosphere. Let's quickly look at where I predicted the price to be and where it's at. Well to start I did say between the 10th and 14th should see us reaching the bottom of this bear cycle. Taking a deeper look at the data it seems that I was a bit early or even completely wrong as to when the price will reach bottom. If I was late, that would mean we reached bottom in January after the last drop brought the price well below $40,000.00. It would be amazing if we already bottomed out meaning it's bull run time. But that maybe a little bit incorrect with the price hiking lastweek to above the $50,000.00 range I thought for sure that I was going to have to apologize for misleading people. At least the price has dropped about $10,000.00 since the morning high. The price keeps dropping and at a fast rate, it seems all doom and gloom but it's still a buying opportunity. If you utilize this you will be able to get some notable return on investment. But chasing the price has a risk factor many people tend to neglect. The price still seems reasonably close to my predicted outcome, but theres still alot of support keeping the price well above the $32,000.00 range. Making the price rise and drop by $20,000.00 is a normal bitcoin price action in a 24 hour cycle. So as I was to early that means I was underestimating the days still to come before we reached bottom. That means it could still be another month before it could be the lowest price BTC will drop this bear cycle. That's if I'm out by only about a coouple of weeks.
IT IS NOW THE PERFECT TIME TO BUY CRYPTO.
Crypto currency exchange at a very fast rate creating a real time transaction. That gives users the opportunity to sell or buy a coin or token at a prescribed price. If the price I predicted was off from the bottom at least 3 week, the lowest-priced time to buy bitcoin will be anything from below $40,000.00. If bitcoin holds its price in this week. We could see bitcoin heading for a price above or close the the last ATH in November. Strong support for bitcoin haults the drop below the $32,000.00 range it could be that we never see that price this bear cycle. Keeping above the $42,000.00 range will be a huge confidence boost for investors. But honestly my buying price is anythng below $38,000.00. That would make my investment double in size by the time the peak of the third shoulder is completed. ultimately it give me a 6 x yeild buying the dipp and selling the high once and buying the low twice. And ultimately it could give me a 12x yeild by the time Bitcoin reaches $100,000.00.
THE OVERALL PREDICTION FOR BITCOIN IS STILL THE SAME
The overall price action from my last prediction is still on course, give or take a few dollars. If the price starts rising to above the $60,000.00 range I expect another crash to below $38,000.00 before a huge bull run bringing the coin up above $100,000.00 completing the head and shoulders pattern. It will still all be determined and caused by the actions of the FED. If they raise interest and keep that raise interest untill next year we could see a longer sideward trend in the later months of the year. It could even bring the bitcoin price back down below $10,000.00. Although it is very unlikely anything is possible and crypto is so sensitive and unexpected that anything could happen to the price in Just a few short hours it could move $20,000.00 up or down.
WHEN WILL ALT SEASON START
Alt season is the blasting off of crypto coins and Tokens. It normally starts once bitcoin shows a strong and confident support with a lot more bullish action rather than bearish action. If bitcoin trades above $50,000.00 it would spark a lot of alt coin interests as people are looking for a cheaper alternative to invest in. Some alt coins will have huge price increase while others will not have such a huge increase. Some would have dropped more than 60% in the last bear run with others keeping a stable price during the bear run. It is hard to predict exactly which coin will rise that 10k% but coins that have been constantly having good success will be more of a safer and easier choice to make. These coins are always worth looking into as they solve problems in real life and have a legitimate value for use. XLM, algorand, XRP, Enjin, Aave, ZEC, Polka these are but a few coins that have great value and are in my own opinion way under valued in price. These coins should all preform well in a bullish cycle. The alt season will have some huge gains on some coins but to predict which coin will go to the moon is a supper hard thing to do. We will have to wait for the alt season to begin to see which coins will gain the most and why they are gaining so much.
BUY THE RUMOR SELL THE NEWS
The crypto markets have been steadily declining since peaking in November last year, until mid January when we saw another drastic drop in price in a matter of 24 hours. This could be contributed to the people reacting to rumors when buying their crypto. They hear about a interest relaxed FED and buy a lot of crypto. But when an official statement gets released they sell all the crypto In an attempt to mitigate losses. It is because the bought a rumor and didn't make sure about the facts before buying their crypto assets. They then got the confirmation statement suggesting an altinitive to the rumors suggestions, and a mass frenzy of panic selling starts. These kinds off people always get lured into buying crypto at a higher price. But soon after their buy in the price crashes and they can only see losses and sell their crypto at a loss. This is human nature as we fomo buy at an ATH price they think that they should see price increases of 10-20 % daily. But they have bought at a high price and when there is a 30- 40 % drop in prices in a day they will sell every last crypto they own for fear of making a huge loss. In doing so they end up being the biggest looser. If you make a purchase of crypto on a rumor and wait for news and sell then. You will be more secure about buying at a lower price and holding until a peak ATH before selling and waiting for a crash to rebuy at a price 50-60% cheaper.
Just a quick reminder to not take the information in this post as financial advice i write these posts as a hobby and share my opinion on my blog please due your own research and consult a financial advisor before investing in anything. be safe and vigilant dont fall for scams of unbelievable gains
Well that's it from me Derbycuzxrpxrp for this week
Till next time
Tttttttttoooooooooooo tttttttttthhhhhhheeeeeeeee mmmmmmooooooooonnnnnnn lllllllllaaaaaaammmmmmbbbbbooooo
