| By Jeff Clark, editor, Delta Report About two weeks ago, we took a look at bitcoin’s recent drop… and what would come next. The King of Cryptocurrencies had fallen fast—from over $10,000 to over $8,000 in just a few weeks. And a bounce appeared to be in the cards… But given the setup, we figured any sort of bounce would be short-lived. I got a bit of flack for that prediction. Most folks saw it as a buying opportunity… and were rushing to buy bitcoin for “just” $8,000. | Recommended Link | | Free Stock Trading Event With Legendary Trader On Wednesday, October 23rd, at 8 pm ET, trading legend Jeff Clark is putting on his first-ever stock trading event to reveal… The S-Force Method: How to Make More Money Than You Can With Options — Trading Nothing But Tiny Stocks… And if you’d like to find out how to trade tiny, $1 stocks and potentially walk away with as much as $4,550… $15,900… and even $30,050 per trade — without using options — you’ll want to register immediately. | | | -- | But as is typical when the rest of the world leans bullish, I saw something different. Bitcoin just wasn’t in a place to bounce the way most people were hoping. A lot of technical damage had been done. And while I conceded that an oversold bounce was likely the next move, it looked to me like it wouldn’t last. That’s just about exactly how it turned out. Here’s the chart I sent my readers two weeks back, showing my projection for the price of bitcoin… 
And here’s what bitcoin looks like now… 
As you can see, the bounce we got was about half as strong as I thought it would be… and I was leaning bearish to begin with. The bounce in the MACD and RSI indicators was also much weaker than I predicted. The momentum in bitcoin is running dry. And the picture now looks even more dire. Unless bitcoin catches a big bid and forms a higher low on this chart, the next move is likely down to bitcoin’s major support line at about $7,000. | Recommended Link | | Are You Ready to Make More Money Than You Can With Options By Trading a Group of Tiny Stocks? Trading legend Jeff Clark is revealing how to trade tiny, $1 stocks and potentially walk away with as much as $4,550… $15,900… and even $30,050 per trade – without using options – during an exclusive event on October 23rd. While Jeff has helped all kinds of people retire rich using options, over the past 18 months, he’s started targeting a small group of stocks… And the results have been too astonishing to not share. | | | -- | If that fails to hold, the next major support at around $5,000 comes into play. I’ll keep watching the King of Cryptos, and I’ll let you know when I think it’s time to trade it on the long side. I’m looking for a chance to buy into it. It just seems to me that chance is still several days away… or maybe even a few weeks. Best regards and good trading, 
Jeff Clark
Editor, Delta Report P.S. If you’re a crypto holder, then you’re used to volatility. But what you may not know is that you can put volatility to work for you—and not just with cryptos. You see, with the right system, you can predict volatility well ahead of time. And earlier this year, I used the same chart patterns to predict big moves in the stock market. It’s the same system I used in February to call bitcoin’s wild upside move from $3,330 to over $12,000. And tomorrow at 8 p.m. ET, I’ll show you exactly how it works. If you’d like to find out how to trade tiny, $1 stocks and potentially walk away with as much as $4,550… $15,900… and even $30,050 per trade—without using options—you’ll want to register right here immediately. | Recommended Link | | See the mysterious blue line below? Introducing The S-Force Method… All you have to do is get in when a stock crosses this blue line, and you could see gains like 60%, 90%, 308%, and even 600% in a short amount of time. (It’s true!) On October 23rd at 8 pm (ET), Jeff Clark is revealing all the details. | | | -- |
Like what you’re reading? Send us your thoughts by clicking here. | 
No comments:
Post a Comment