“The market takes away from the impatient and gives to the patient.”
Jeff Berwick and I designed The Crypto Vigilante (SUBSCRIBE) to be the world’s best team of cryptocurrency experts. As you may know, Mr. W, our Crypto Market Technician, is excellent with the charts. I’ve asked Mr. W to choose from anyone in the world, someone who he would consider to be a co-pilot in this foray of cryptocurrency analysis. He selected Mr. A, and I am thrilled to be introducing him here.
Mr. A is a former network and security consultant. He was a crypto miner, investor, and trader since 2012, as well as an early Monero and Pirate Chain adopter. Mr. A has consulted for medium and large-sized mining operations and hedge funds that need Bitcoin custody solutions. His university degree is in molecular biology with many other certifications in IT, security, networks, and audio engineering.
Mr. A was introduced to Bitcoin by his roommate back in 2010, and he was one of the first-generation ASIC miners. His interest in technical analysis led him to meet Mr. W in one of the earliest cryptocurrency analysis groups, Bull Bear Analytics, formerly the Bitcoin Bull Bear (BBA) financial newsletter. The BBA team was the first in the world to chart Bitcoin in the BitcoinTalk forums in 2010!
According to Mr. A’s analysis, the massive exit of crypto miners in China due to the government’s recent mining ban, plus Elon Musk’s tweets slamming Bitcoin, are among the main factors holding back Bitcoin’s price. However, the four-year cycle is timed just right.
According to Mr. A, we are not yet in a bear market as long as Bitcoin does not fall below $20,000. While we may be in a sort of “mini bear market,” we are technically still in the bull market — and likely will continue to be until Q2 of 2022. For comparison, Bitcoin moved from $20,000 to $65,000 in six months.
The chart above, a four-hour analysis of Bitcoin to USD, shows Bitcoin hovering near the $34,000-$37,000 price range, the top-right red area, which is the bear pressure. If the price breaks beyond that, the outlook will be positive. However, it isn’t likely anytime soon.
While Mr. A mostly explores the Bitcoin (BTC) charts during this interview, he also shares his analysis of Monero (XMR) and Pirate Chain (ARRR) and how they may relate to Bitcoin’s movement. He gives his input on the possibility of Monero’s price suppression and price pressure.
Mr. A offered this juicy tidbit from his analysis… Pirate Chain (ARRR) performed better than Dogecoin over the last year, yet DOGE remains the best performing coin listed widely.
Here at The Crypto Vigilante (SUBSCRIBE), we first introduced Pirate Chain (ARRR) to our members on August 18th, 2020. At that time, the ARRR/USD price was about $0.06.
Mr. A also weighs in on the battle for privacy and against the dangers of transparent surveillance coins.
Check out the full video:
If you take one key insight from this interview, let it be Mr. A’s lesson on “Coin Control.”
Coin Control is a term that we at TCV dubbed, which focuses on proper and secure crypto accounting in the age of blockchain analytics.
In his closing remarks, Mr. A emphasizes the long-term value of cryptocurrency. He does not day-trade himself and cautions those that do.
As Mr. A put it, “The market takes away from the impatient and gives to the patient.”