Cryptos Get Back to Pre-crash Prices. But This Isn’t a Bull Run Just Yet

By Juan M. Villaverde On April 10, 202012:07 PM Eastern

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In light of the holiday weekend, I’ll keep this short so you can go back to spending time with your families. I know I’m looking forward to spending time with mine!

This week saw crypto assets prices just about climb back to pre-crash levels. And, both Bitcoin (BTC, Rated “B+”) and the altcoins have confirmed their 80-day-cycle lows.

But this isn’t the time to let optimism get ahead of you. Our indicators show the crypto sphere as a whole is stuck in NEUTRAL territory. They won’t turn bullish until they close above their previous 80-day-cycle highs. In short, not right now.

Wait for another good pullback. Then, it should be time to buy in anticipation of major new phase in this crypto bull market.

Best,

Juan

Juan M. Villaverde

Editor

About the Editor

When econometrician and pro trader Juan M. Villaverde first applied his algorithms to Bitcoin, he discovered a regular cyclical pattern. He has since used it to build the world’s first crypto timing model based on cycles. That model has gone 3-for-3 in pinpointing the moment in time when his favorite cryptos were primed for the parabolic phase of the crypto bull market. Just in his monthly letter alone, the average gain on all his crypto trades is 309%, or 4.1x on 29 closed trades.