Huge Week for Cryptos!
The ‘Markup’ Phase Has Ended!
We expect a 50% drop in all the Crypto’s which was confirmed when BTC broke the $9,000 USD support level as expected.
Our BTC Intermediate Target Remains $4,500 USD
It is not uncommon for markets to overextend their move so we expect BTC to go to $3,400 USD and even touching $2,800 USD briefly followed by a bounce back to the $3,400 USD – $4,000 USD zone.
We have already hedged all of our existing clients that have signed our LOD & NDA and they are currently in profit. This means they will be making money on the way down and we are looking to accumulate more Alternative Coins and BTC on their behalf in and around $2,800 USD – $4,500 USD in the months of June and July expecting a move back higher in August with one last retest of the cycle lows in August around the $3,400 USD – $4,000 USD accumulation zone before we start taking out the targets on the way back up to $20,000 USD (BTC) followed by $34,000 USD (BTC) first target.
WHAT TO WATCH FOR TO CONFIRM PRICE ACTION
Price Action & Key Levels
RESISTANCE LEVEL – $8,000 USD
RESISTANCE LEVEL – $7,700 USD
SUPPORT LEVEL – $7,500 USD
SUPPORT LEVEL – $7,000 USD
SUPPORT LEVEL – $6,800 USD
SUPPORT LEVEL – $6,400 USD
A break & hold below $6,400 will result in a quick drop to $4,500
These are levels to watch and trade. Remember the market will bounce around these levels before making the next move down and these moves can take time to play out. We expect these moves to play out in the months of June and July. We have specific CIT dates (Change of Trend) if you are interested in these dates please email us and we will give you further information, we prefer to confirm these dates with price action nearer the times.
We are currently accumulating a large institutional position for our existing clients in the Cryptocurrency Alternative Coin space which we are calling our next ‘Ethereum Trade‘. This Cryptocurrency is currently trading at around $12 USD a coin and we expect it to move to 280 USD when BTC starts making its move back higher. Any trades initiated at the 12 USD level will be hedged to the downside to make money on the way down.
OTHER MARKETS – FUTURES & FX
We already sold EUR/USD for our clients @ $1.2398 USD which is currently trading @ $1.1711 USD. A one lot position in the futures market is now $7,000 USD in profit.
With a $250,000 USD Account, you can trade 25 lots giving an ROI of $175,000 USD in 3 months.
With a $100,000 USD Account, you can trade 10 lots giving an ROI of $70,000 USD.
We expect the Euro to keep falling to $1.09 EUR/USD which will fill the gap that occurred during the French Elections when Macron won. This gap is our target and must be filled.
This means those clients that signed the LOD will have made $15,000 USD per lot on a $250,000 USD account which is $375,000 USD profit and $150,000 USD profit on an account size of $100,000 USD.
There are 4 similar trades like the EURO trade above setting up right now
One is in the ES Futures for a move back higher, another trade is setting up in Gold Futures and the third one is in the Korean Won and the final one is in the T-Note which will take place in the next 7 -14 days with a risk to reward of 12:1. This will be one of our best trades for the year. These are all low risk, high return trades with a risk to reward of 10:1 or better.
WANT TO TAKE ACTION?
Those that are interested in participating in these trades should email our client accounts department for further details as soon as possible to be included in the trades. In order to participate, you will need to fill in an account application, sign a LOD & NDA and fund your account within the next 7 – 10 days.
Click for a free consultation below to get started!
If you want to be part of the Cryptocurrency bull this year and take advantage of these incredible opportunities at the lows then you should register and fund your account now.
This is a detailed report from the analysis division of SKN Securities