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The BAM Bitcoin Model has been one of the most accurate models we have ever made public and that accuracy was again on display through this Linkedin Update on 11/27 . On that day, the model had identified the potential of a melt-up into the primary speedline at 11,400. Within hours, the trigger hit and bitcoin melted up 17%, missing the exact target by less than 20 pts (the session high on 11/29 was 11,380.23)
As bitcoin made contact with our target and started to reverse, we posted another Linkedin Update with the model’s prediction for an imminent collapse, at which point bitcoin plunged 20% . I’m sharing that post below, as it contains a detailed forecast for what the Behavioral Analysis of Markets Model is predicting next.
“Bitcoin / bitcoin traders/investors.
Here’s a view of the Behavioral Analysis of Markets Model prediction for future price/time targets for BRTI (CME real-time bitcoin Ind.)
Our proprietary retest levels have an excellent track record of revealing hidden retest levels (they are not based on simple technical price levels) and I consider them worth tracking.
As you can see, the uptrend speedline was hit today and we’ve now seen a large downside price reversal. Bounces, aside, the model is now predicting a fast-market attack of the 6650 retest level shown on the chart below. Once that level is attacked, it will become a vibration level per the rules of Behavioral Analysis. Once that is satisfied, the model will be predicting a fast-market attack of the 3876 retest level shown on the chart below. (all, assuming proper tracking)
History tells us that all of this can happen in a single crash leg (as occurred back in 1929/1987) or it can unfold in a stair-step decline.
Assuming bitcoin continues to track our model with a stair-step decline, we can see contact on that 3875 retest during January-March 2018, at which point we can begin the process of generating new bullish data and start back up again in a more controlled, long-term uptrend.”
I hope you find this information of value and that you’ll join us as a subscriber of one of our products. Please remember that the Behavioral Analysis Model is fed by/driven by, human emotion and that you will see the best, most accurate predictions in markets that have elevated human emotion.
Simply click on any of the product tabs on this membership page and you’ll see an easy sign up area. Once you complete that sign-up, you’ll have instant access to all content under your product tab.
Good luck,
JG Savoldi
-Developer of the Behavioral Analysis of Markets Model
