The Eerie Parallel to 2019 That Could Make You a Lot of Money in 2023 In all the media narratives about different companies and startups, you rarely see journalists or pundits pull up a price chart. Sure, they'll report a 20% rally or decline – if it's an investment that lots of people are already talking about. But without chartwork, that number is totally out of context: useless. It's a shame. Because chart patterns and indicators can not only reveal what's going on now... but also point you to what's next. After all, when you plot out a price chart, you're really tracking investor psychology. The cycles of fear and greed. And when it comes to psychology, well, humans have behaved much the same since our earliest ancestors were scratching patterns and pictures onto cave walls. People rush into decisions when their emotions get triggered. If you're in the financial media, you can tap into these emotions to get people to read your story. If you're an investor, you can be one of the herd yourself... or you can look for the cycles of market psychology – see how they map out on a chart – and use your findings to set objective price targets in your portfolio. And some of the best charts to use are actually found in the cryptocurrency markets. RECOMMENDED LINK My #1 way to make money right now If you're worried about your portfolio... Drop everything and watch this demo immediately. It reveals how just ONE trade could make you $1,000 (or more) every month, even as stocks, cryptocurrencies, and the economy keep crashing. It's my #1 way of making money right now. In fact, it's the ONLY strategy I'm using while the markets remain this crazy. Because no matter what's going on, it consistently pays me, and it has an 89.47% win rate. And in this quick video I'll show you how to get started. Click here now to watch the demo Think about it: Crypto prices move on pure speculation. Cryptocurrency has only been around for less than 15 years, with widespread adoption picking up much more recently than that. Blockchain technology is still very much under development as to the actual products and services being built there. And when an asset class is "speculative," investor psychology drives pretty much all the price action. But don't take our word for it. Look at what's happened with Bitcoin (BTC) this past month. Bitcoin was suddenly shoved into the spotlight in mid-March. Bank failures had people pondering alternatives to the dollar... and also forced the Federal Reserve to cool it with the interest rate hikes – inspiring Wall Street to reach for "risk assets," including crypto. If that was the first time you looked at Bitcoin in a while, it might have seemed sudden when BTC surged back to $28,000, then $30,000, price levels we haven't seen for nearly a year. In our crypto communities like Crypto Advantage Society, however, we knew that Bitcoin had been building up to this for a while. Way back in January, BTC knocked down the first domino: its 200-day moving average (MA). "In simple terms, this shows us the average price level over the last 200 days – you can see it represented by the blue line," Senior Crypto Analyst Joe Shew explained in that month's issue. In bear markets, we remain under the 200-day MA for a time. "Time and again in bull markets, we overshoot the 200-day MA line and go on a massive bull run... Next stop: $25,000," i.e., the 200-week moving average, Joe predicted in January. The rest was history. Bitcoin retook $25,000 four weeks later, confirming that we were in a "strong, 2019-style rally," as Joe put it. Already the parallels were so clear when you overlaid the 2019 price action in BTC with its current chart, as Joe did for his subscribers. RECOMMENDED LINK The Fed's Boldest Move Ever... A national currency "reset" is coming to America. With every dollar soon under Fed control, how will FedNow impact your day-to-day expenses?... your paycheck?... your social security?... your investments? Don't wait to find out In 2019 as well as 2023, Bitcoin was following "exactly the Wyckoff accumulation model," Joe explained in one update in late March. According to this pattern – which was discovered in the 1930s, and is commonly used in stock analysis – Bitcoin had just moved into what Richard Wyckoff termed "Phase E." Source: TradingCenter.org Based on this Wyckoff pattern and its precedent in 2019, Joe told his subscribers on March 30 that he expected BTC to make a "strong movement out" from the price at the time, $28,000, before "consolidat[ing] around that $30,000 to $32,000 region." Then he predicted that BTC would "move up potentially to that low $40,000 region" by the end of 2023 before experiencing "a pullback to test the low $30,000 region again." Bitcoin checked that first box – retaking $30,000 – 11 days later. If you're still skeptical about the rest of these price predictions playing out, well, see how closely BTC has followed that Wyckoff pattern so far, on its one-year chart: Apparently, our behavior really hasn't changed in 100 years – and probably for much longer than that. As the saying goes: History may not repeat, but it does rhyme. And as investors, we can use that to help us navigate even the trickiest markets. Take care, Team TradeSmith Before You Go: Could this be the ChatGPT of investing? Don't miss this... More Investable Information at Your Fingertips TradeSmith's 2023 Guide to Beating Inflation Bitcoin Is Far from Dead (Here's Proof) This Could Be the Amazon of Gene-Editing Stocks Electric Vehicles Passed This 5% Tipping Point – Here Are 2 Investments to Make Customer Support: 866.385.2076 |  support@tradesmith.com Mailbag Questions ©TradeSmith, LLC. All Rights Reserved. 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