Are You Ready...?

Conviction & Patience

Would I be correct in assuming that you are holding out for an enormous run in the Crypto market because you have a conviction so strong, you feel as though you would be letting yourself down by thinking otherwise. Noobs, as well as others not yet involved in Crypto, need to ask themselves a very important question! What gives these people such confidence that prices are going to continue to rise from here? This is something that manages to deceive the majority every single cycle. They doubt when they should believe and they buy when they should sell. This type of predictable human psychological behavior will once again play out folks.

You can question if certain aspects of Bitcoin cycles and other metrics may indeed actually shift going forward. However, one thing that is sure is that the masses will once again act as they always do. These are the people who were too lazy to do research and will now be enticed by greed. Educated Crypto investors ride off into the sunset on the "buys" of this uninformed group of latecomers. 

Conviction and patience eventually pay off because there is more to this story than mere wishful thinking.

A Perfect Recipe In A Perfect Storm

So we have a predicted close of $98K for BTC in November by Plan B's S2F model. This is not the only metric/indicator that is signaling very strong moves ahead. As I mentioned in previous articles, at some point bearish indicators get invalidated in a bull market. The bias is bullish. The same thing happens in a bear market when the bias is bearish, bullish indicators get invalidated. This is why technical analysis needs to be backed by other metrics and confluence established.

In a bull market, these bearish indicators are often bear traps. Obviously, you will have severe downtrends, this is quite normal and to be expected, just don't get fooled into buying into a long-term trend reversal. Coin inflow and outflow from exchanges continue to point towards very bullish movements. Whale wallets are also behaving very positively, indicating that they are in expectancy of some significant upside.

The macro picture continues to favor Bitcoin and the Crypto market as a whole. Looking back on previous cycles is also forming a positive outlook. Ultimately, we are seeing confluence coming from every possible data point. This is why I am unfazed that BTC remains between $60K and $64K. I am convinced that it is just a matter of time. Apart from a "swan" event, the outcome is sure in my mind.

Timeframe

I mentioned about a week ago that I expected some significant movement within two to three weeks. So now that a week has passed we could see some action by the close of this week. I also mentioned that once we top out I don't expect BTC to drop much lower than 50K to 60K. If this plays out then buying now is actually quite a smart move because upside should be almost immediate and the potential downside risk is minimal. This is not financial advice but simply my view. We can revisit this to see how it plays out but the odds definitely look good.
There doesn't remain much time for no-coiners who want to catch massive gains. As we accelerate upwards, gains will start decreasing for newcomers.

Fortunately, there will always be the latecomers. This is the bread and butter for the dedicated Crypto players. People often feel sorry for these investors, I don't! You should not invest in something you don't understand or have not researched. If as an investor, you have not done your homework, then consider your temporary loss a lesson. I imply temporal, as BTC performs well over the long-term and patience can see losses become gains in time. The shift that took place in Crypto was essentially doing away with banks, fund managers, and other third parties that would usually also perform research and offer advice on behalf of the client.

There is none of that here! You hold it yourself and you research it yourself. If that's not you then perhaps you do require a third party.

Do your own research and ensure that you are ready because I think we are moments away from fireworks!   

Disclaimer

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