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The Crypto Sangha Flow: Everyone keeps opining about Crypto. Still, it is all a bit tiring. Believe whatever you want to Believe. Yes, it is easy to be bullish about Crypto. Almost too easy. Yet these assets really are in a unique historical position for a potentially dramatic rally. The trend from the “expected trading low of 7/20” has been robust and is still bullish. This correction only looks like a typical pullback. Cycle and Trend Durations are configured for Crypto to continue strength from the last Bitcoin Halving on 5/11/20. That bullish structure remains intact.
Weekly Chart: After new ATHs occurred, it was lawful that the Weekly chart would congest and correct. The dramatic price break of the last week does not alter the bullish weekly structure. It looks like a congestion in an ongoing rally. Thus, the larger pattern still has a bullish resolution until it doesn’t. Let’s see how we end the year. Be Bullish but not Greedy
Dorsey Crypto Report: 11/18/2021
Daily Crypto: The trending function in this asset class remains bullish. Crypto Charts make for good reading once you ignore all the Hopeful Hucksters with their sordid boring stories. It is a two-way market. Bull markets do get extended. Yes, that can be scary. That is what they do. Each day’s trading tells us more and more about the timing pattern. It does have a configuration for another imminent rally. Next few days may be telling.
The Daily Pattern: This current scary correction does not have the characteristics of a major rejection. It does have characteristics of a tricky congestive correction. Look at the typical heuristics shown below.
Micro Crypto Trading Pattern: The minor timing sequence is well identified. Sure, there is never a guarantee of anything or of any particular-price level. But there is a cogent near-term price pattern suggesting a Crypto trading low between now and 11/22. Note recent heuristic declines. A replication of those patterns could ideally mirror a timing low near tomorrow with support between 5600-5800. A sweet spot is brewing, and it is smelling but the trading low may not be confirmed, like Jerome, until next week? December does have a bullish bias. These patterns all add up. Join the club. Become part of the Crypto Sangha. Get cryptic.
Summary: Be Bullish but not Greedy. Buy on Breaks. Dollar cost into position. Sure, there will be a time to let it all go but this is not that time.
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Information is for paid customers and may not be copied or distributed Copyright 2021