Bitcoin: Multiple BUY Signals Activated, Don't Miss Out

Institutional Crypto Research Written by Experts

Author

Markus Thielen
May 20, 2024

👇1-11) We have issued several timely (bullish) reports in the last few days. On May 18, we published ‘A new trading alert for Bitcoin ETFs has been triggered,’ on May 20, we published ‘Our Bitcoin Greed & Fear Index Turns Bullish.’ FOMO will be huge as many have stepped away from the market (here). Others are quietly moving billions into crypto, as our data shows below. In crypto, you need to be fast; this is why we run models to alert us when rockets launch.

👇2-11) We became increasingly constructive on Bitcoin last week and reiterated this view in our strategy subscribers’ webinar on May 16 (the replay link is at the bottom of this report, which we have made available for all subscribers). In it, we emphasized that the inflation risk that caused the bigger corrections in mid-March and mid-April had been removed from the market. This would set up the market for a breakout, ending the consolidation period.

👇3-11) On Saturday, May 18, we also sent out a Trading Signal alert for the Bitcoin ETFs (here), which signaled that there were potentially +17% (median) or +20% (average) returns to be made over the next month.

👇4-11) This signal could fail, but Bitcoin is on the right path. We have set up a site (here) for crypto-equity-related signals as we have more signals around GBTC and MicroStrategy today (see below). We will update this website regularly, as many have asked to run crypto-related equities through our models.

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