✩ Buy Before the Next Pump & Dump! The Full Picture Below

5. Aug.

Fellow traders, I'm sure today was difficult for many of you. After extensive analysis, I finally feel settled and ready to share my plan.

Let's quickly recap what has happened:

• As expected, BTC, along with the entire crypto market, came down (no surprises if you've been following me).
  
• We made a recent lower low in crypto.
  
• Equity markets retraced briefly but soon reversed as the market and media started pumping news of various "gurus" expecting Fed easing and an emergency rate cut. I doubt we'll see that, given the current level of decline. This gives the big players a chance to buy the dip.
  

I've created an index view of all the major crypto coins for a holistic market perspective. Here’s what we see clearly:

• An excellent buying opportunity is presenting itself.
  
• We will likely see at least one more retest of the near lows if history is any indicator, possibly more.
  
• A retrace-up is highly probable, which could send BTC back above 61k within a range of $60-65k before returning to retest the lows near 50k, giving you another great entry if you're patient.
  
• A call for patience based on historical patterns.
  

We are also seeing more time spent in this downtrend channel, which I believe is the accumulation phase. This phase will fuel the next pump once we break out of the channel.

My plan, which I've executed, is to enter here and sell at a reasonable high, not to chase an extreme but to expect another dump.

Let me know in the comments if you want a copy of the TV chart formula.

5. Aug.

Anmerkung

Anybody seeing a massive cup and handle 😉