This is a very important Crypto Quick Note for anyone interested in catching a big upside move. Bitcoin just broke out of an inverse head and shoulders pattern with a target of almost $75k. Moreover, there’s a confluence of a rounded bottom pattern and a bull flag consolidation, both of which suggest continued upside. While a pullback to the neckline is possible (presenting a buying opportunity), this move is looking very promising, especially based on the data points that we highlight in the later section of this Quick Note.
This week is crucial for Bitcoin because on the higher time frame it has the opportunity to finally close at its highest level ever (on a weekly basis).
Ethereum Building Momentum
Ethereum is also looking promising after holding and moving above its support zone, albeit after a quick deviation below. Next stop is back to recent local highs around $4k, and a break above that should see ETH back to previous all-time highs. This is very likely if Bitcoin makes it run up as shown earlier in this Quick Note.
For our paid members, we are now going to show you 2 extremely important charts/fractals to show why this moment is EXTREMELY crucial for Bitcoin and the rest of the crypto market. If these charts/fractals hold up, what’s coming in the upcoming months is NOT TO BE MISSED! We’re also going to go over 2 Bitcoin-related equity names as a beta play to Bitcoin, especially for anyone who is trying to get a catch-up play to Bitcoin. These names are likely on the very of at least a +100% move in the coming 6-12 months from current levels, based on past patterns and levels.
We just released our Q2 2024 Cycles Forecast for multiple different asset classes and equity names. The introductory article for the quarterly Cycles Forecast can be found here. Please note that our Founding Members have now been emailed these Cycles Forecasts (the full deck covering every name!). If you would like your copy earlier for the next quarter, please consider upgrading to a Founding Member status on our Substack.