The Calm Before The Storm

Major Price Action Incoming?

Author

Alpha 12 Team
February 06, 2024

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Greetings dear Alpha 12 readers. If you are reading this post, you are among the few elites who have a chance at making it this bull market. If you still haven’t upgraded to the premium version, you are greatly missing out!

Market Overview:

Price has gone pretty much nowhere since our last release and we expect this consolidation to continue for at least another week.

Short-term price sentiment is unusually high, so we would not be surprised by a major price dip followed by a reversion.

Our base case is still bullish for the next 1-2 months, and we expect major upward price action to commence in the second half of February, following an update in a metric we will discuss below.

While price is still in a technical downtrend, with most trending indicators negative, two highly powerful strategies, revealed below have just generated a buy signal.

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