FM NEWSLETTER
The media has been full of conversation regarding bitcoin bubbles, and
crypto-mania, we are looking higher and see $14,000 plus over the next
few months provided the September 15th low holds.
We could even make an argument for extensions to just over $20,000.
We think that before we see those figures, we are looking for an interim top in the $6650-$7250 region. This will gives us an entry point at the $4000-5000 region.
We would like to remind you that these are general guidelines, whereas we look for more specific targets in real time as we analyze the market through the day.
All this should not be a surprise for those who track sentiment and know that a market can rally while bubble talk fills the news. At the same time, the people everywhere are slowly adopting bitcoin, and new crypto investors are being born every day.
If we are to believe rumors then Amazon could start accepting Bitcoin, and Apple and Google are building crypto payment systems into their browsers. Speculation is building upon expected mass adoption even while the ‘bubble maniacs’ warn.
Who is right? We don’t really care.
We do not try to be participators in sentiment but analyze it objectively, using the FM Wealth Management Wave analysis, with which we measure that sentiment with objective price measures.
So far, this method has kept us on the right side the bitcoin market, while taking profit at key long term targets, so we have funds to benefit during those inevitable deep corrections.
We could even make an argument for extensions to just over $20,000.
We think that before we see those figures, we are looking for an interim top in the $6650-$7250 region. This will gives us an entry point at the $4000-5000 region.
We would like to remind you that these are general guidelines, whereas we look for more specific targets in real time as we analyze the market through the day.
All this should not be a surprise for those who track sentiment and know that a market can rally while bubble talk fills the news. At the same time, the people everywhere are slowly adopting bitcoin, and new crypto investors are being born every day.
If we are to believe rumors then Amazon could start accepting Bitcoin, and Apple and Google are building crypto payment systems into their browsers. Speculation is building upon expected mass adoption even while the ‘bubble maniacs’ warn.
Who is right? We don’t really care.
We do not try to be participators in sentiment but analyze it objectively, using the FM Wealth Management Wave analysis, with which we measure that sentiment with objective price measures.
So far, this method has kept us on the right side the bitcoin market, while taking profit at key long term targets, so we have funds to benefit during those inevitable deep corrections.
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