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#071 - BTC $72k Don’t miss the next Bitcoin top

A hightimeframe look at the crypto market, onchain edge index new charts

Author

Kierin M
October 30, 2024

Don’t miss the next top

While the market is in boring mode I will be switching the newsletter to a monthly version. That means one newsletter each month. When the market picks up I will switch back.

Kierin

Every so often, we get caught up watching daily candles and forget to step back and see the bigger picture.

Remember that bullish divergence we spotted in September?

If you've been following along, you're sitting on some comfortable profits right now. Make sure you go over the last two newsletters so you can see I called for a timeframe rally.

#069 - The Bullish Divergence You Can't Ignore (and what it means for you)

A hightimeframe look at the crypto market, onchain perspective and Bitcoin monthly close.

newsletter.onchainedge.com/p/the-bullish-divergence-you-cant-ignore

#070 - Bitcoin. Do nothing. Succeed.

A hightimeframe look at the crypto market, onchain perspective and Bitcoin monthly close.

newsletter.onchainedge.com/p/bitcoin-do-nothing-succeed

Market Snapshot Bitcoin is trading at $72,178, with the Onchain Edge Index at 40.29 - that's medium risk territory.

The index has been trending upward over the past week. What does this mean? Market risk is creeping up, suggesting we might be heading into choppier waters.

Looking back, our last major buy signal flashed on 2024-07-06 when Bitcoin was at $56,458. If you took that signal, you're up 21.73%. Not bad for ignoring the noise, right?

New onchain edge visualization which will be part of each newsletter from now on

Don't Miss The Top.

Here's something I haven't mentioned before: Just like I've helped you catch bottoms with precise buy signals, I'll be sharing critical sell signals in upcoming newsletters.

Think about it - anyone can buy, but know when to sell? That's where real profits are locked in.

If you want a quick recap of our recent buy signals, check out issue #70. Those blue buy signals? Each one led to significant profits.

Newsletter Updates: I've been thinking about how to make this newsletter even more valuable:

  • New custom Onchain Edge charts (bi-monthly)

  • Onchain oversold signals (the same ones that caught multiple bottoms)

  • Focus on high-timeframe analysis that matters

  • Focus on making the newsletter short, easy-to-understand and actionable

Quick Favor: Since I don't earn anything from this newsletter, your engagement keeps me motivated:

  • If you find these emails in spam, move them out

  • Drop a quick reply (it helps with deliverability)

  • Share it if you find value

I'll be cleaning up the subscriber list to remove inactive readers - it's about quality over quantity.

Remember: Sometimes, doing nothing is the most profitable strategy. Just ask anyone who followed our September signal.

Kierin

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