It looks like it is time to execute on the “Crypto crush” thesis.
The Crypto Crush: Painful part of the BTC bear may be ahead. (substack.com)
The crypto crush: Multiple coin analysis - by HoleyProfit (substack.com)
Have held off on this recently since it’s a chop-fest and being early on crypto can be deadly but I think we’re now at the point where this looks high probability for working out. In this piece we’ll briefly recap the broad crypto bear thesis, recap on short targets for various coins and look at entries/stops to take now.
If you’re new to our analysis it’s probably worth noting to date the analysis method used forecast the decline while BTC was 55K and we posted at the low that a short squeeze of about 100% was likely now.
So while our forecasts may seem ambitions, it’d be fair to say the most ambitious part of the 2021 forecast hit. Forecast from close to high to almost exact low and then the 100% bounce. This forecast is just a continuation of that one. Implied target price for a short is around $7,000.
Let’s get into the work for why and planning trades.
Keep reading with a 7-day free trial
Subscribe to Market Forecasts and Trade Plans to keep reading this post and get 7 days of free access to the full post archives.