Yesterday, Sanpao said crude oil would quickly surge to $100 a barrel and Bitcoin would fall below $82,000. At the time, Bitcoin was at $84,300 and crude oil was at $97.77. Now it looks like Sanpao’s predictions have all come true.
Crude oil has now reached $100, and Bitcoin is down to $82,200—just one last push away from dropping below $82,000.
A dip below $82,000 would be just right. I expect this drop to reach somewhere between $80,300 and $80,800 before rebounding, though I’m not sure the downward momentum will be that strong. So I’m adjusting the plan: look to enter long positions between $81,000 and $81,300.
Sanpao has always used a particular idea or asset as a directional indicator. This week, crude oil has been the benchmark, and it’s been incredibly useful—seriously NICE. The trade calls have all been spot on.
Crude oil has now reached $100, and Bitcoin is down to $82,200—just one last push away from dropping below $82,000.
A dip below $82,000 would be just right. I expect this drop to reach somewhere between $80,300 and $80,800 before rebounding, though I’m not sure the downward momentum will be that strong. So I’m adjusting the plan: look to enter long positions between $81,000 and $81,300.
Sanpao has always used a particular idea or asset as a directional indicator. This week, crude oil has been the benchmark, and it’s been incredibly useful—seriously NICE. The trade calls have all been spot on.