PLEASE MAKE SURE YOU BOOKMARK OR SAVE THIS PAGE-IT ONLY GETS DELIVERED ONCE
The Crypto Sangha: No Change: Everyone keeps opining about Crypto. There is a lot of shouting out there. It is almost exciting. Not re[1]ally. Believe whatever you want to Believe. It does seems like it has always been a bit too easy to be bullish about Crypto. Still, these assets really are in a unique historical position. What just happened? Excessive Complacency across all markets met a major RISK OFF constellation. December is not bullish for Stocks nor Crypto! The interim pattern is Bearish for Stocks into February. This exact profile has a resonance with the Big Break in March of 2020! Does that have to repeat? No. But it could. Interim Cycle and Trend Durations remain configured for Crypto to continue generic strength from the Bitcoin Halving of 5/11/20 into 2022.
Weekly Chart: The dramatic decline of the last week does not change anything. Bitcoin is simply in a dramatic corrective congestion. Be Bullish but not Greedy. Real traders respect Risk. It is out there. Respect it. May our Sangha respectfully seek Clairvoyance, Clairaudience and Patience
Daily Crypto: This asset class remains Okay. So, don’t get weird on it because everyone told you it had to go up big almost every day. Keep ignoring all he Hopeful Hucksters with their sordid boring stories. It is a two-way market. This is what markets do. Why not enjoy the show until 2022!
The Daily Pattern: The recent scary breakdown does not have the characteristics of a major reversal. Yes, while this RISK OFF pattern un[1]folds, Crypto could produce some unexpectedly interesting price behavior. What? Could it go to 40,000? Sure. So what. Can it flash to 60,000 or even 65,000 before selling off hard again? Sure. Might stellar alt coins keep coiling without any major corrections? Yes. It really is the Wild West as some critics have called it. There is nothing wrong with the West nor the East.
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.
Information is for paid subscribers & may not be copied or distributed. © Copyright 2021. The information contained herein was provided by Sentiment Timing and/or its publishers does not make any representation or warrant with regard hereto, including but not limited to those of accuracy, completeness, reliability, timeliness and/or infringement on the rights of third parties. This Publication expresses a view on the markets but is not intended to provide any specific recommendation to buy or sell any security. Investing is Uncertain and always carries Risk. Of Losses. Subscribers should always assess Market Risk parameters with their broker or financial adviser.
Information is for paid customers and may not be copied or distributed Copyright 2021