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The Art of Precision Timing: Calling the Big Crash in Bitcoin One Day Before!

Last week, I spotted a bearish “3 black crows” pattern on the Bitcoin chart, and immediately posted in my 5000+ member forum, to warn everyone about the big crash about to come.  The recommended course of action was to rotate out of Bitcoin (into cash or Tether), or to take short positions on Bitcoin.

 

The very next day, Bitcoin crashed a whooping 30%, making it one of the worst correction in recent times. I am glad we helped many people avert his disaster, by keeping an alert eye on the chart at all times.

Remember, just because something keeps going up, does not mean it won’t have corrections. And if you avoid the major corrections, you can buy back in at a much cheaper price to increase your long-term returns.

Stay tuned, and join us in our free forum! 😀

New Video: Bitcoin Outlook for 2018

We just did up a new video to analyse the news, catalysts, and charts to see where Bitcoin is headed in 2018, and what strategies you can apply and opportunities you can take advantage of.

To watch the video, please join this group where the video is posted in, together with many more new videos coming up! 😀
Watch video: https://www.facebook.com/groups/livetradingnetwork/

How this Simple Chart Predicted the Bitcoin Crash – When Is a Good Time to Buy Again?

Last week, we spotted a few major warning signs on the chart that Bitcoin was going to have a large correction, and I also shared them in this free FB discussion group. This group is one of the fastest growing communities on Cryptocurrencies, and we are planning to use it to provide free education and trade signals.

 

Looking at the current chart, we have seen a rough 25% correction, and I think there might be another leg of correction before the major trend resumes upwards. For those who managed to close their long positions to avoid this correction, as well as those who are waiting on the sidelines, this could be an excellent chance to get in once the correction is over.

My new trainer (the crypto expert) and I will be sharing more this Tuesday at the last workshop of 2017, and do some live analysis on the various cryptocurrencies.

See you there! 😀

Bitcoin Hits New High Above $5000 – There Will Be Another Buying Opportunity Very Soon!

Just yesterday, Bitcoin hit a new high again, breaking above the $5000 barrier, and bringing double digit gains to all those vested.

While there has been much speculation on this fundamentals of this cryptocurrency, it was actually a pretty familiar pattern for those used to reading the charts. I will explain more in the chart below, and show why there is going to be a good buying opportunity really soon.

Trade call and chart posted on our official Synapse Trading FB page – before the breakout!

 

If you look at this chart of Bitcoin, you will see that the majority of the price bars are green in colour, meaning the buyers have always been in control of this counter.

In addition, the counter has been moving up in a series of higher highs and higher lows, which is a classic sign up an uptrend.

Which means that all you need to do is to enter on dips in the price, as explained in my previous article.

 

The next question of course is how far can it go, and for this we can use the breakout projection technique, which would give a projection of about $6500.

But here is the exciting part: In such a breakout, especially at a key number, there is a very good chance (not 100%, but high), that the price will pull back to test the $5000 region again.

Yes, you heard right. If you had missed the previous move, hopefully there is another chance. I will be waiting to add on to my positions.

If it goes from $5000 to $6500, that is a gain of 30%, which is way better returns than buying any stock or REIT. And it could happen in weeks/months.

I will continue to monitor this counter. In the meantime, trade safe, and win big! 😀

Picking the Bottom for Bitcoin & Ethereum – When to Buy?

Recently, Bitcoin prices have crossed $4,800, and year-to-date, its price has surged nearly 400%, making it one of the best investments for the year. And it is not alone.

Other cryptocurrencies, such as Ethereum, have also been making new highs, and many more new products are hitting the market every day.

Which is why many of my friends, followers, and students have been asking me a lot about theses products, and most importantly, “when is a good time to buy?”

 

Sharing live on #cryptocurrencies like #bitcoin and #ethereum ? Are you ready for the next big thing? #visionaryinvesting

A post shared by Spencer Li ?? Synapse Trading (@iamrecneps) on

When I first started trading, I was mainly doing stocks and CFDs, and I developed my “15 minutes a day” price action strategies for these. And as I expanded to new markets, I was pleasantly surprised to find that the same strategies worked perfectly well. To date, I have used them successfully on forex, futures, options, and most recently, on cryptocurrencies.

This means that for a new product like Bitcoin, which behaves very similarly to IPO stocks or some less popular penny stocks, its behavior can be best understood by studying its underlying price behaviour.

Many people who take one look at its prior meteoric rise will immediately come to the conclusion that is it near its high and too late to buy. But many people probably thought the same way about Apple and Tesla’s stock a few years back.

Hands-on analysis and study of Bitcoin chart for precise timing (at my new cafe)

 

This means that there is potential for cryptocurrencies to go much higher, but how do we time our entry into something that is moving so fast?

Turns out we do have the perfect strategy for that, which is similar to the strategy we use to enter fast-moving counters in times of a strong trend. In fact, I pointed this out using the chart of Bitcoin during my last few workshops, and also at Invest Fair.

Snippet from the “Synapse Network” private forum (posted 24 August 2017)

 

Bitcoin chart today (04 September 2017)

 

How far can this trend continue to run?

To be honest, no one can really tell, but all I know is that whenever there is a good buying opportunity, I will continue to add more positions to ride this strong trend until it ends. And when it does, I will get ready to short it down as well. 😀

But that is a story for another post.

Till then, trade safe, and aim big. Cheers!