If you've been feeling down about these low prices, and thinking about selling to try and protect what you've got. DON'T SELL!!!
In fact, not may be the time to buy, because it's looking like the next Crypto bull run may finally be beginning! The famous economist Martin Armstrong and his "super computers" algorithm has also predicted that July will be the turning point for Bitcoin, and as we all know, when Bitcoin moves, so does everything else.
Take a look at these moving averages. This first graph shows the price of Bitcoin from December 2017. Take a look at the the blue line and the purple line. When the blue line is lower than the purple, it's a buy signal (please excuse if you already know this).
So as you can see for that bull run in December the blue stays below the purple pretty much all the way to the peak. Then it gets a but choppy, moving up and down, but still the moving averages signal information is accurate. But as you can see, for the last few months the blue has been above the purple pretty consistently, and as we all know, the price has been slow, sluggish and going down as well.
Now this next graph is showing you since the start of May, and again the blue is above the purple for most of it. I should say, the bigger the distance between the coloured lines, the stronger the buy/sell signal.
Can you see that in the last few days, the blue line has dropped below the purple? But also, it is a lot greater than any other times it's dipped below in the last few months.
There was also a massive bounce up from $5800 over the weekend. So the tide looks like it is finally changing, so make sure that you've got your sails set, because this one could be a hell of a ride.
Historically every year Bitcoin is slow for the first 6 months of the year, then has a big bull run in the last half, eventually pulling back in the new year. I wonder where this next 6 months will take us? $25,000 per BTC? $50,000? Does anyone have any predicitions?
I'd love to hear all of your thoughts. Please upvote and all that jazz! Thanks for reading.