Have you invested in an extremely rare opportunity of a lifetime?

Have you invested in an extremely rare opportunity of a lifetime?

The Next “Buzz Word” Altcoins
Last month, the Bloomberg Galaxy Crypto Index was at 1414.37, following a low of 217.82 in early March. BTC had made a new high yesterday at $51,630.86. Today (February 17) and the index was at 2,295.61. That’s a huge gain for one month.

Let me put this into perspective. In late 2017, I said that cryptoassets were the biggest institution revolution since the Industrial Revolution and that they represented the investment of a lifetime. Institutions, however, were not ready or capable of participating in that revolution so they “pooh-poohed” it. The SEC decided that most altcoins were securities which precipitated a huge bear market. By the end of 2018, cryptos had undergone an 85% decline and BTC hit a low price of $3,236.76 on Dec 15, 2018. But then look what happened.
BTC was up 92.71% in 2019
It was up 305.94% in 2020
And it’s up 75.42% in less than 50 days of 2021….

What did I say in 2018? There was actually a period from October through November last year when I made over $3 million in 7 weeks. Cryptos are the investment of a lifetime.

While BTC could go up another 10 fold in the long run, I doubt that it will go much over $100,000 this year…. But the opportunity of a lifetime is not over because now the altcoins are starting to move. Here are a few examples, and this is just the movement in 2021.

BNB 289%
ETH 144%
LINK 178%
SNX 215%
AAVE 397%
CND 145%

And remember those gains are just from the 48 days of 2021….

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Update on Cryptoassets
I think that there are a number of altcoins that could go up 10 times or more during the rest of 2021. Now we might have a decline of 40% or more during the year, but it probably will be short-lived with a very quick recovery…
BTC was up 92.7% in 2019, 305.94% in 2020, and in the first six weeks of 2021, it’s up 74.22%. Let’s contrast that with the other hedge against the USD and disaster, gold. Gold was up 20.94% in 2019, up 18.32% in 2020, and it’s down 5.1% so far in 2021. The path of safety is now BTC.

Gold has about 10 times more market cap than cryptos right now (even though cryptos are now over a trillion for the 1st time). If all of the money in gold went into BTC, BTC’s price would be about $370,000…

People talk about BTC being volatile and risky. But where can you find something that has made over 1,000% in 3 of the last 11 years, over 100% in 8 of them, and had only two losing years? There is only one other place than BTC with anywhere near equal performance – other cryptoassets.
If you had bought BTC at the beginning of 2012 (well, not at the very beginning), you would have turned $1,000 into more than $7.1 million (up $4.5M last month)…

Remember these are 30-day percent gains. This is probably the easiest market possible to make a lot of money. You could, however, just as easily enter a position and immediately have a 25% drawdown – which could cause you to exit and then miss out on some nice gains. If you don’t have strong beliefs about cryptos like I do, crypto volatility will test you…

This newsletter makes no recommendations about cryptos but is a free service… I personally own positions in most of the cryptos mentioned in this newsletter.

Author: Van K. Tharp, PhD

Note: This article was culled and abridged from a monthly cryptos update by Dr. Van Tharp. The full article can be accessed here.

You can purchase crypto coins here. 

 

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DOT/USD Retraces to $30 Support, Resumes Upside Momentum

DOT/USD Retraces to $30 Support, Resumes Upside Momentum

Key Resistance Levels: $35, $37.50, $40
Key Support Levels: $25,$22.50,$20

DOT/USD Price Long-term Trend: Bullish
The cryptocurrency is in a smooth uptrend. DOT price is making a series of higher highs and higher lows. The coin is currently making higher highs at a price of $32.50. The altcoin is retracing from the recent high. The recent price fall was a result of the overbought nature of the coin. The RSI is indicating that the price has not enough room to rally on the upside. The uptrend will resume as long as price is above the SMAs. Today, the price has retraced and found support above $30. The upward move will resume if the current support holds. On the upside, if price breaks the current resistance the market will rise to the next target price of $45.

DOT/USD – Daily Chart

Daily Chart Indicators Reading:
A bullish trend line is drawn showing the support levels of price. The uptrend will continue if price retraces and bounces above the trend line. Conversely, if price breaks and closes below the trend line, the uptrend is likely to be terminated. DOT is at level 74 of the Relative Strength Index period 14. This indicates that the pair is in the uptrend zone.

DOT/USD Medium-term Trend: Bullish
On the 4-hour chart, the pair is in an upward move. On February 13 uptrend; a retraced candle body tested the 38.2% Fibonacci retracement level. The retracement indicates that the DOT price will rise to level 2.618 Fibonacci extensions or the high of $45.12 .

DOT/USD – 4 Hour Chart

4-hour Chart Indicators Reading
The altcoin is currently below the 40% range of the daily stochastic. It indicates that the pair is in a bearish momentum because of the earlier price fall. The SMAs are sloping upward indicating an uptrend.

General Outlook for Polkadot (DOT)
The cryptocurrency upward move is ongoing as price finds support above $30 support. According to the Fibonacci tool, the market will rise to level 2.618 Fibonacci extension. That is a high of $45.12.



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Note: Learn2Trade.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

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Polkadot Price Analysis — February 2

Polkadot Price Analysis — February 2

21Shares, one of the world’s largest cryptocurrency exchange-traded products (ETPs), is releasing the very first Polkadot (DOT) ETP. The company announced earlier that the new product might get listed on the Swiss SIX exchange on February 4, 2021.

The new ETP is coming just after Polkadot got added to 21Shares’ top ETP product Crypto Basket ETP (HODL) on January 29. HODL, which tracks five top cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), has now removed Bitcoin Cash (BCH) from its listings and is replacing it with Polkadot as the second-largest constituent after Bitcoin.

According to a report from MVIS Indices, Polkadot now makes up 27% of all ETP, while BTC accounts for about 50% of the product.

According to a 21Shares spokesperson, the company has no say in the addition or removal of assets from the HODL ETP. The spokesperson noted that this responsibility is reserved for MV Index Solutions.

21Shares noted that the addition of Polkadot to its Crypto Basket ETP makes it the “perfect timing to add single asset ETP to the already wide range of crypto ETPs” offered.

CEO of the company, Hany Rashwan, asserted that the company remains devoted to fulfilling the demand seen from institutional investors.

DOT is a next-generation blockchain protocol, linking several specialized blockchains into one network. A few days ago, the cryptocurrency surpassed Ripple (XRP) as the fourth-largest crypto based on market cap. However, XRP has since reclaimed the spot.

At press time, DOT is trading up by about 80% in its year-to-date high.

DOT – 4-Hour Chart

Key DOT Levels to Watch — February 2

Polkadot has been range-bound for the past few days between the 17.66 resistance to the 15.70 support. The cryptocurrency attempted another go at the 17.66 resistance some hours ago but failed to break above, once again.

That said, DOT could continue on its range-bound momentum in the coming days, considering that volatility is beginning to fade. Nonetheless, a fall below 14.80 seems very unlikely in the meantime, indicating that Polkadot could remain in its 17-day range between 18.90 and 14.80.

Meanwhile, our key resistance levels are at $17.66, $18.42, and $18.90. While our key support levels are at $16.44, $15.70, and $14.80.

Total Market Capitalization: $1.06 trillion

Polkadot Market Capitalization: $2.49billion

Polkadot Dominance: 0.23%

Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

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  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
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