DAR Portfolios 6/6: The Setup is Complete

There has been no shortage of noise in the last 24hrs but, as always, it happened right into a key time factor.

This is exactly what we planned for since mid May and exactly what we talked about at the beginning of the week. And although we have had the market right every step of the way since the April low it has yet to be fully reflected in alt coins.

I believe that changes starting today.

These are the times when when sticking to our plan and analysis above the noise has always paid off.

Bitcoin has completed a perfect 3 waves down structure right into the 60 day cycle and has setup a bullish divergence on the RSI.

Similarly, ETH has been stronger but it’s also getting oversold here while holding the low of this range and creating a slight deviation right on its 60 day cycle.

We have seen this type of fake out countless times over the years we have been covering this market. It’s the major reason why you have to understand time over price because in this instance it’s exactly what we should expect to see into a time by degrees date yet the price has deviated out of trend making for a perfect bear trap.

The way to trade a date like this is with the trend.

Go back and look at the time by degrees dates from January to April. The trend was down and the time by degrees dates consistently gave us a high.

Now the trend is up and the time by degrees dates give us a low.

The market can be extremely frustrating at times and always seems to take longer than you think to play out, but like anything else if it was easy, there would be no one digging up the roads.

I have to believe this is the setup we have been waiting for given what our analysis has been forecasting and our patience will be rewarded in the weeks ahead.

We’ve added some key tokens to the portfolio over the last week and our longer term holdings are showing bullish setups. By the end of the month we will likely look back at this as a great time to buy alt coins.