Chris’ note: If you’ve been following along in the Dispatch, you know I like to share the best profit opportunities that come across my desk.
That’s why I couldn’t pass up the chance to tell you about my colleague Jeff Clark’s new stock trading system… and why it gives you an advantage over the average investor.
You may already know that Jeff used to manage $200 million for Silicon Valley clients… and made so much money that he retired early at 42.
So when Jeff told me he had a new strategy that he was excited about, I listened. Even though it’s brand-new, his system has already identified one stock that shot up 600%.
Jeff’s sharing all the details about his system in a special, free presentation tomorrow night at 8 p.m. ET. You can sign up for it right here.
But his system doesn’t just work on stocks. It also called a big move in bitcoin earlier this year… one that could’ve nearly quadrupled your money.
Below, Jeff dives deeper into what he’s seeing from the King of Cryptos… and gives his advice on what investors should do next…
By Jeff Clark, editor, Delta Report
About two weeks ago, I took a look at bitcoin’s recent drop… and what would come next.
The King of Cryptocurrencies had fallen fast – from over $10,000 to over $8,000 in just a few weeks. And a bounce appeared to be in the cards…
But, given the setup, I figured any sort of bounce would be short-lived.
I got a bit of flak for that prediction. Most folks saw it as a buying opportunity… and were rushing to buy bitcoin for “just” $8,000.
But, as is typical when the rest of the world leans bullish, I saw something different.
Bitcoin just wasn’t in a place to bounce the way most people were hoping. A lot of technical damage had been done.
And, while I conceded that an oversold bounce was likely the next move, it looked to me like it wouldn’t last.
That’s just about exactly how it turned out.
Here’s a chart from earlier this month, showing my projection for the price of bitcoin…
And here’s what bitcoin looks like today…
As you can see, the bounce we got was about half as strong as I thought it would be… and I was leaning bearish to begin with.
The bounce in the MACD and RSI indicators (which measure an asset’s momentum) was also much weaker than I predicted. So the momentum in bitcoin is running dry… And the picture now looks even more dire.
Unless bitcoin catches a big bid and forms a higher low on this chart, the next move is likely down to bitcoin’s major support line at about $7,000.
If that fails to hold, the next major support at around $5,000 comes into play.
My advice is to keep watching the King of Cryptos and wait for the right time to trade it on the long side. You should be looking for a chance to buy into it. It just seems to me that chance is still several days away… or maybe even a few weeks.
Best regards and good trading,
Editor, Delta Report
P.S. Earlier this year, I predicted bitcoin’s wild rise from about $3,300 in February to over $12,000 in June. And it was all thanks to my new trading system.
If you had bought bitcoin when my system flagged the move, you could’ve cashed in on a gain of over 250%…
But my system doesn’t just work on bitcoin. In fact, as Chris said above, it has the same results when I’m trading stocks, too.
That’s why I want to show you tomorrow night at 8 p.m. ET how you can take advantage of it.
I’ll go over how it finds the best stocks poised for big breakouts… and I’ll even give you the names of three stocks at the top of my watchlist right now.