Weekly Newsletter from 18 to 23 Oct
We should be ignoring Crypto or it is time to make small bet?
Dear Members,
I just wanted to let you know that me and my wife both got covid last week on Wednesday. I still have a fever and feel tired so I will keep this letter brief and to the point.
I have been actively predicting the markets trend daily for the last 25 years, and one thing that I have noticed is that every turn around date for bearish or bullish cycles were provided so accurately by the Astro cycles. Yes, I never doubted whenever the astro cycle provided a turnaround date, without putting much thought I simply predict what will happen and that worked like a miracle. Look at the 11th of October bottoming out date and 4271 level, and both these levels worked like a miracle. Every turn around date and level provided by the Astro cycles did so well that if you acted on them every time on our predictions you could have made great returns. Most of you also have your personal views on the market and you must also be following many of the other indicators which can create some conflicts. I always read the emails from our members, and many say that they missed many opportunities by not acting swiftly on our letters, and that is bound to happen as mentioned that we all have our own thinking and thought process to make decisions.
I think you should give more weight to the astro cycle, surely you can add your other indicators after that, and I am sure no negative power can stop you from making money in the market.
Today I wanted to talk in detail about crypto, but I will do it next week, but I will put a few thoughts here. Crypto currencies investors made a great amount of money. I was not able to understand Crypto, so I didn’t make it part of the letter. Many of us missed the crypto rally from bitcoin, Ethereum and the list goes on. Those who invested from 2014 onwards, they created an unbelievable amount of wealth, far better than stocks, commodities, bonds, and real estate. It is like free money was there to collect, you just needed the guts to invest.
The Crypto market has become over a one trillion-dollar market, and bitcoin is heading towards a new high, and it started closing above $56887 which indicates that it may test $65988 to $75211. Many new cryptos are coming in the market and they are multiplying quickly. Now whether we jump at this stage to make money or need to avoid this area is the million-dollar question. I don’t have any clear answer because my theory on crypto is not ready yet, but I am working on it. I am trying to do an astro study on cryptos.
Whether you believe in my vision or not I see bitcoin going towards $500000, and that will be the top for bitcoin and all the rest of the cryptos, but before that happens many ups and downs will happen. At this stage my longer-term view is supportive, but it looks like bitcoin and crypto will lose 90% value in 2029/2030.
In the medium term we see a sharp fall to occur in 2023 in month of March to May 2022. This could be a dangerous period so let’s avoid crypto investment in 2022 in the first half. Let me do a complete study and we shall have some fun predicting the Crypto’s trend.
The Sun entered in Libra on the 16th of October, and Mars will be joining that house later on. Libra Sun will bring unnecessary issues which are irrelevant to the world, so you also shouldn’t be focusing on irrelevant issues. There is no need to argue during this period. Isolation is the best too to achieve during the Libra Sun.
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Thanks & God Bless
Mahendra Sharma