By Imre Gams, analyst, Andy Krieger Trading I'll be the first to admit, I am not a cryptocurrency expert. I know the basic fundamentals, sure… But I’m not one of the early adopters of the technology. I don't know the ins and outs of blockchain protocols. And I’m not out there looking to speculate on penny-cryptos or initial coin offerings (ICOs). Now, here's the funny thing… I have a brother-in-law who happens to work for a venture capitalist firm that exclusively deals with blockchain- and cryptocurrency-based projects. Naturally, he has an investment portfolio full of different cryptocurrencies. And yet, despite my relative inexperience in the crypto world… Every day, without fail, I’m the one person he turns to for insights on the crypto markets. Why? Because I’m a trader first and foremost. And traders know how to analyze markets. When Andy taught me his trading principles and methodologies, he showed me how they would work in any market. And they certainly do… They work on currencies, stocks, futures, and yes… even cryptos. Recommended Link | Closed Door Meeting Could Spell Rare 10,645% Gains in 12 Months He couldn't film what he saw… or record what he heard… but Silicon Valley angel investor Jeff Brown was shocked by what he witnessed at a high-level, closed-door meeting… Jeff now believes this small cap could be a millionaire maker. With extraordinary gains of 3,277%, 5,940%, or 10,645% not out of the question… over the next 12 months. | | -- | The reason why is, in every market in the world, human beings ultimately determine the price action – no matter what asset you’re looking at. Sure, there are plenty of automatic trading systems out there, but don’t forget they were programmed by people… And since the behavior of human beings happens to be regularly predictable over time, bitcoin and other cryptocurrencies can be traded just as effectively as everything else. Like most markets, cryptos are driven by two emotions: fear and greed. These emotions tend to dominate the behavior of investors and traders around the world, and this behavior ultimately gets reflected in asset prices and chart patterns. No, the charts are not perfect predictors of future price movement. And they certainly don’t cause prices to change. But there are certain patterns which are often quite useful in figuring out which emotions are dominating the action, and how these feelings will play out in the market. Technical analysis is what we use to spot and trade on these patterns. And it is the underlying predictability of human beings that makes technical analysis a powerful weapon in the right hands. Let’s use bitcoin as an example. I began tracking bitcoin on January 12 this year. I predicted there was a strong bias for bullish momentum, because of its movement in 2019. Here’s why… The bitcoin chart exhibited certain telltale signs that a strong surge of buying was about to enter the market. It had just broken out of a long-term downtrend channel and was looking to build on that momentum. This downtrend channel, as seen in the image above, lasted for the better part of 2019. Recommended Link | This will make Nancy Pelosi's blood boil... President Trump may be the most important thing to ever happen to the stock market… And the profits of American investors. But he’s not tired of winning yet. In fact, he has a shock in store for Americans. A secret plan that will add rocket fuel to the already hot tech market… | | -- | Last month, though, an inverse head-and-shoulders pattern helped us predict that it would burst higher out of that channel. Then, another short-term bullish falling wedge pattern formed, which bitcoin broke out of as the momentum kept up. You can see both of these patterns in the chart above around the end of 2019 and the beginning of 2020. They both signaled that bitcoin was building momentum to soar higher. If you’d gotten into position with bitcoin when it first broke out of the downtrend channel, you’d be sitting on an 18% profit today. That handily beats the broad stock market’s performance in the same timeframe. A great profit opportunity… using entirely predictable human behavior. That’s what technical analysis is all about. And we look forward to sharing many more examples – and profit opportunities – with you in the future. Regards, Imre Gams Analyst, Andy Krieger Trading P.S. My mentor, legendary currency trader Andy Krieger, recently spotted a peculiar pattern in multiple important currencies… The pattern is something we call “compression.” It’s when the highs and lows of an asset start to trade closer together. As these patterns continue to compress, they’ll result in a major “black swan” event. The kind that could make millionaires… or take unprepared traders for everything they have. And Andy’s predicting it will happen this year. He revealed all the details on Thursday… but if you couldn’t make it, we put up a replay for you. If you want to preserve what you’ve built up in this bull market, and take advantage of the event Andy sees coming, make sure you catch the replay. Like what you’re reading? Send your thoughts to feedback@caseyresearch.com. In Case You Missed It… Why 200 Billionaire Families Believe "Genesis Technology" Will "Fundamentally" Change Everything… The rich rarely reveal their secrets… But in a stunning new report from UBS, 200 of the richest families on earth—worth an average $1.2 BILLION—let slip they believe a new technology will "fundamentally change the way we invest." "You can feel the electricity," said one of the families. "It's almost like you felt in the 1990s with the Internet." One of America's most esteemed (and successful) investors recently met with 4 different billionaires. And he reveals the truth about this revolutionary new technology. As well as what it means for regular investors… See the billionaire's "top tech" investment here…
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