Don't Overcomplicate It
Investors,
Bitcoin is retesting its 200-week moving average cloud:
🔵 200-week EMA
🔴 200-week SMA
While I’m not in the business of calling market bottoms during downtrends, I have to recognize that this has been a beautiful level for long-term investors to risk short-term pain.
I’m wary that price could fall below the cloud, like it did in the 2022 bear market when Bitcoin fell -30% after breaking below the 200-week MA cloud.
I’m prepared for this bear market to last much longer…
Both in terms of time and magnitude.
I’ve been bearish since $97k (the breakdown below the 2-day 200 MA cloud).
I’m still bearish today, in the short-term.
Especially as the stock market softens up.
But a variety of signals that I’ve been waiting for have flashed in the past month, which have given me enough confidence to think that DCAs in this area is a good idea for me and my long-term goals.
If you want to read about those signals, I’d recommend two reports for you:
1. “Another Major Signal Just Flashed”, my latest emergency report where I shared one of these key signals that is literally flashing right now.
2. “The Bear Market Playbook”, where I outlined all of these signals in advance and provided investors with several methods, tips, and strategies to survive the bear market.
Give them a shot & you’ll navigate this bear market better than 99% of other investors.
Best,
Caleb Franzen,
Founder of Cubic Analytics
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DISCLAIMER:
This report expresses the views of the author as of the date it was published, and are subject to change without notice. The author believes that the information, data, and charts contained within this report are accurate, but cannot guarantee the accuracy of such information.
The investment thesis, security analysis, risk appetite, and time frames expressed above are strictly those of the author and are not intended to be interpreted as financial advice. As such, market views covered in this publication are not to be considered investment advice and should be regarded as information only. The mention, discussion, and/or analysis of individual securities is not a solicitation or recommendation to buy, sell, or hold said security.
Each investor is responsible to conduct their own due diligence and to understand the risks associated with any information that is reviewed. The information contained herein does not constitute and shouldn’t be construed as a solicitation of advisory services. Consult a registered financial advisor and/or certified financial planner before making any investment decisions.
Each investor is responsible to understand the investment risks of the market & individual securities, which is subjective and will also vary in terms of magnitude and duration.