Crypto Market Update: Blood in the Streets Presents Contrarian Opportunities

THE FINAL DIP BEFORE THE BULL RUN - PLANNING TIME!

The Red Watchlist

The crypto market is currently flashing red across the board. Investors are nervously watching their portfolios as prices plummet. But amidst the chaos, there lies an opportunity for those who dare to be contrarians.

Bitcoin’s Warning Signal

Bitcoin, the king of cryptocurrencies, is hinting at a serious correction. The once-unstoppable bull seems to be catching its breath. As the price wavers, traders are on edge, wondering if this is the beginning of a larger downturn. However, this is likely to be the last correction before the bull run kicks into high gear.

A Second Look at Correction Forecasts

I was about to abandon my previous correction forecast, thinking it might have been premature. However, recent developments suggest that my initial instincts were correct. Brace yourselves—this correction might actually play out as anticipated. Price targets mentioned in my last Bitcoin technical analysis included $62k, $52, and $44k in order of decreasing probability.

Altcoins Take a Beating

Altcoins, the smaller siblings of Bitcoin, are taking a severe beating. Their losses far exceed those of Big Brother Bitcoin, which is normal. But here’s the twist: this beating could be the golden ticket for savvy investors. While Bitcoin may only lose 10% or less, altcoins can lose upwards of 50%. This presents the opportunity for the greatest gains!

The Bull Run Opportunity

Remember the saying, “Buy when there’s blood in the streets”? Well, this is precisely that moment. Altcoins are battered, but this could be the biggest opportunity of the entire bull run. Keep your eyes peeled for hidden gems amidst the wreckage, and watch closely for sliding projects that have a solid use case, active community, and excellent track record.

Solana Memes Bleeding Out

Even meme coins aren’t spared. Solana memes, once the darlings of the crypto community, are bleeding out. But don’t dismiss them just yet. If this correction persists throughout the month, Solana meme coins could deliver astronomical gains. Some are also saying that once this correction is done, the BASE chain memes might launch into the stratosphere as money could flow over from the Solana memes. I don’t know which chain will dominate during the bull run, but I’m taking my chances on both, with a slight vote of confidence on the Solana chain memes.

The Contrarian’s Playbook

As the market trembles, panic sets in. But seasoned investors know better. When pandemonium reigns and fear grips the masses, contrarians step forward. They see opportunity where others see disaster. So, keep your wits about you and consider adding to your portfolio during this tumultuous time.

Conclusion

The crypto market is a rollercoaster, and right now, we’re hurtling downhill. But remember, fortunes are made during times of crisis. So, stay vigilant, do your research, and be ready to pounce when others retreat. Contrarians, this is your moment—buy when everyone else is selling!

Carlton Flowers
The CryptoPro

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The Strategy for Positioning Yourself for Alt Season that will Stuff Your Pockets!

ALT SEASON IS ON THE WAY… HERE IS HOW YOU CAN BEST PREPARE

Alt season is coming… soon. This will be the second time that I will hopefully experience the rush. If you want to position yourself properly and make the absolute maximum amount of gains, follow my top tips. These come from experience.

If you study these tips and do your due diligence NOW, rather than waiting for alt season to ambush you, it could mean the difference in 10X-ing your portfolio or ending up losing money. Educate yourself accordingly, and here are the tips!

Position Yourself Ahead of Time

Now is the time to grab a few bags of your favorite tokens. Not later. The people who make the 10x, 20X, or even 50X gains are those who get into position BEFORE the mayhem kicks off. If you wait, you’re playing with fire. But how do you pick the right projects? The best way is to research the top projects and pick the ones that catch your interest the most, and also have the right “tokenmetrics”.

That means looking at the validity of projects, how many tokens are in the total supply, circulating supply, and the likelihood of project developers dumping additional tokens into the circulating supply in the event of a run. Knowing these details will put you in the best position to find a winner and take home the maximum gains.

If you find yourself asking others, “should I buy into this project?”, then you are ill-prepared. You should already know the answer to that question before blowing your stash of money. Take into consideration your own risk level, and act accordingly.

Research Until You Are Blue in the Face

I have watched thousands of hours of YouTube videos on various projects over the past few years. There is a wealth of information to be gained on YouTube to answer your every question about all of the top prospects for investing your hard-earned money. Those who study the most ahead of time are the ones who take advantage of the maximum gains.

Not only do I watch hordes of YouTube videos, but I also listen to popular podcasts while working. I am constantly educating myself about various projects, and how the blockchain and crypto sector works as a whole. When you do this, you’ll start connecting the dots and gaining valuable insight that can give you the edge on making better decisions. You can’t “over-learn” in this market. The more the better. So do your homework, and make due diligence your top priority.

Never Buy Into a Run

This is one of my foundational rules that I learned the hard way. If you wait until alt season pops off, and you FOMO into a buying frenzy, you can find yourself stuck at the peak of a move. I have had to wait upwards of 3 years to get back to break-even after buying into a run.

Make it your policy to control your emotions. If you are acting on impulse, you can get yourself REKT! You might get lucky and make a moderate gain, but the chances are that you will end up losing. Keep control of your impulses and take your finger off the trigger when you see a project running vertical.

Remember, you can’t catch them all. But if you put your attention on the projects that you held from a quiet accumulation/consolidation trading period, you’ll end up making such big fat gains that you won’t have to worry about the projects mooning that you don’t have a position in.

Set Your Exit Strategy and Stick To It

NOBODY can time the market to perfection. Only a small percentage of people will time a trade just right and get out on a peak. If you set your goal for exiting your favorite projects before they run, and stick to your plan, you can all but guarantee getting out with a profit.

Forget about getting lucky and trying to time a sell order at an all-time high. Decide now on the percentage gain that would make you happy, and PULL THE TRIGGER when it comes to pass. There is nothing worse than trying to time the peak price and ending up holding a bag long after the price has tanked. Don’t be greedy. Set the goal and get out.

You can also set a goal of WHEN you want to exit. You can hold until the estimated peak of the market in the fall of 2021, or decide on selling when you reach your desired percentage gain. I prefer the latter. My strategy is to sell off my alts and pile drive the gains into Bitcoin and ETH for the fall bull run.

Use the “DCA” Method

Do your homework, and start accumulating now. Just as it is best to avoid trying to time the peak price to sell, you should also avoid trying to time the bottom price to start buying. It is best to use the DCA method, which stands for “Dollar Cost Averaging”.

In this method, you basically accumulate smaller chunks during the time that the price line is less volatile. If you spread out your purchase orders and just buy at various times while the price line is declining, you can get a good overall average purchase price that might serve you better than trying to wait for the absolute bottom.

There is nothing worse than the feeling you get when your favorite crypto tears off into the stratosphere while you were waiting for the absolute bottom. For example, if I want to get 1,000 tokens of ABC crypto, I might get ten orders of 100 over time during the quiet accumulation period. Or I could make 5 orders of 200. When I use this method, I find it a lot less frustrating than draining my entire stash of cash only to watch the price dip farther.

Doing the DCA method takes a lot of the stress out of the buying process for me. Do what works best for YOU, but keep in mind that this is how the pros do it. While everyone else ignores a project during its “dog days”, the smart investors are snatching up small amounts over a long period of time. That way, by the time the feeding frenzy hits, they’re already in position to unload the wagon and cash in for maximum profits.

In Summary

Do your due diligence, take your time, study the projects, position yourself WAY ahead of time, and control your emotions. You’ll be thanking yourself in the long run. Keep in mind that the institutional investors buy when everyone else does not. The “average Joe” investor buys when a project takes off and has made the majority of its gains.

Get on the job now while you have a chance. And while you wait, you can check out this cool website that one of my Telegram group members shared from Blockchain Center that will help you get an idea of when the shift takes place from Bitcoin season to Altcoin season!

Best of luck.

Carlton Flowers
The CryptoPro

NOT FINANCIAL ADVICE - Entertainment purposes only. Seek a qualified investment advisor before making any decisions on purchasing cryptocurrencies.

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Should We Prepare for an Extended Crypto Bear Market?

WHY PLAYING IT "SAFE" COULD BE THE BEST STRATEGY

It's June 2018 and BTC continues its bear trend despite multiple incorrect predictions over the past few months from several noteworthy forecasters who thought the bull market should have already started.

The most common belief among the prognosticators was that $6,200 BTC was a big support level that would be a pivot point. As we now know, that prediction failed miserably.

The entire alt-coin market has also mirrored Bitcoin. None of the alts have broken free from the overall downtrend since the December 2017 all-time high. All of the alt coins appear to be in lock-step with big brother Bitcoin, and it is safe to assume that none of them have matured to the point that they can bust loose and deviate from its path.

The big question looming in everyone's mind is, "has Bitcoin hit rock-bottom?" But the question shoulnd't center around figuring out Bitcoin's "rock-bottom" price. It should be understanding what happens overall, based on how price activity develops.

When you look at the big picture, you can decide if you're the type of person who would feel more comfortable holding a position for several years through the ups and downs, or if you prefer to take a break in the short-term until the market turns around.

My advice to everyone is to play it safe and look at the worst-case scenario, despite all of the talk about an immediate reversal. In order to do this, we must look at the 1-week chart dating back as far as possible to get a birds-eye view.

In this analysis, we'll take a look at the overall action on the 1-week candles for Bitcoin dating back to 2016. It's necessary to zoom out as far as possible in order to get an idea of what the worst-case scenario could be.

Let's begin by identifying the current trend. In Figure 1, we can clearly see that the current downtrend is not your average correction in the midst of a rising market. After the peak in December 2017, we see lower highs and higher lows for 6 straight months.

The last time we saw an extended bear market like this was from November of 2013 all the way to January of 2015. That was a bit more than one solid year of a downtrend. But what we need to pay the most close attention to is what happened at the end of that extended bear market, which I notated in Figure 2 below.

Before the 2013 bull run spike, we saw smaller breakouts and corrections that did not span the time of what we saw in this overall picture from 2013 to 2015. This is key.

In January of 2015, a quiet accumulation period of 9 months developed before the the market ticked up to the next accumulation level in June of 2016. That next level of accumulation lasted through April of 2017. We could actually call this a period of "consolidation".

In April of 2017 the bulls took full control and the charge started. It took us all the way to Bitcoin's peak of over $19,000 before getting swatted down despite all of the hype and anticipation of breaking the $20,000 barrier. The bear market officially started, and continues on through today.

The biggest point that I want to make is this: we have yet to see a bull run jump right out of a bear market without a period of quiet accumulation followed by a consolidation phase.

It just doesn't happen! Trend reversals take time to develop, and you can't short-cut the process. That's why it is best to turn a deaf ear to all of the ridiculous bull market predictions that we have been seeing week in and week out since the all-time high.

Going back to Figure 1, I believe that the worst-case scenario that we all have to take into consideration is the trading zone delineated by the red box. I don't base this solely on the history of BTC, but by the age-old rule of the four phases of market action which are as follows:

• Accumulation
• Consolidation
• Markup
• Distribution

This is how the stock market has traded in all of history, and the only difference between the stock market and the cryptocurrency market is the time it takes to move through all four of these phases. The cryptocurrency market cuts the overall time down from 13 year cycles to a year or two.

After the all-time high in December of 2017, we have a period of "distribution", or an extended selloff. Before we can see the next BTC moon-shot, we have to see an accumulation and consolidation phase. It won't happen overnight.

While I am not a financial advisor or a professional who gives investment advice, I think everyone can learn from what history has taught us. And for those of us who are not able to invest a Brinks truck full of cash into the crypto market, it's best to play it safe and take the most conservative approach to investing.

Time will only tell. I could be dead-wrong. But taking this approach to predicting the next BTC movement will certainly prevent me from losing the last bit of change jingling in my pockets.

Carlton Flowers
The CryptoPro