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Crypto Flows: The Crypto ‘mini crashes on 9/7 & 9/22 were beautifully scary. It has been a real Risk Off exodus which cleared out recent trading longs. Crypto is in congestion but the interim time frame is still Bullish. Thus, this clearly appears to only be a serious pause. This profile may not be what the “Hawkers” think it is. Importantly, the next interim high is weeks rather than months away. The ride will likely only get wilder. There will be several well-defined ups and downs due into Q1 of 2022.
Who Knows: Well, all have opinions about Crypto but no one really knows anything? Currencies are a phenomenon of human exchange and human projections but don’t believe that you need to know what they mean. It has been easy to be Bullish. Too Easy. It is always a two-way street. Avoid Hopeful Hucksters @ the Crypto Carnival. I advised the Low in Mid-July was: “Bullish with overt Resistance near 50, 60 and 65,000.” That is still the ‘Look’ from here. Upward Ranges may prevail.
The Profile: The interim trend is in congestion. The Trend is, ‘your friend,’ but only if you allow it to do whatever it needs to do without expectations. Beware the Chasms of Rationality and of Greed. Note the Weekly bars below. They tell of price range definitions. Slowly Bullish
Dorsey Crypto Report: 09/28/2021
The Interim Trend: The trend projection from the Mid July Low remains operative with the promise of: “Renewed indeterminant strength into Q4.” That profile infers another period of strength after the current congestion is resolved. I am currently looking at early November extreme.
Alt Coins: remain all the rage as traders assume that the Big coins to do what everyone expects. ADA had her big day. Everyone knew it was coming but, it was, as usual, already discounted. The ‘My Coin’ is better than ‘Your Coin’ show will continue. But they really are all just one kind of money. Every Money is a Currency. All Coins are ‘Alternative’ Money.
Bitcoin Daily: The scary breakdowns have only taken Crypto back into defined ranges between 40K and 54K. Yes, there is still ‘Whoosh Risk’, both ways, but that has always come with the Coin territory. Now, the detailed micro daily timing allows for a few more session of uncertain hesitation. Then there is a High due 10/12ish. How it trades into there is Key
Reading Between the Lines: Very near-term micro profiles are the Reality in between what the market thinks. Big Pictures are seductively huge. I spend time studying hidden micro threads within the weave of larger price trends. That study suggested a low 7/20ish, up to 7/29ish, another entry 8/18ish strength into 9/1, corrective into entry near 9/13. There have been some rhythms, but they are subsumed by larger rhythms. Don’t overly obsess on dates. They are only a Proof of the Reality of an underlying esoteric rhythm. Hidden timing indicants are always only contextual. Traders following any market need to discover their own Crypto Dharma (Way to Trade.) There is never any guarantee of anything in any market, ever. You may Believe in that. Don’t believe in anything else. The Micro factors are bullish in alignment with the interim trend.
Micro Timing: Micro timing analysis is between what most observers are used to observing. Decades of study has allowed me one to wait for micro clues given by what has likely already happened. The shake out was just that. A Shake Out! Thus, Crypto is still set to go higher. Be A Bidder!
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