Interview with Bitcoin Compass
Interview with Bitcoin Compass

Signals Thursday #10 – Interview with BITCOIN COMPASS

in INTERVIEWS

Somewhere on the world might still be Thursday, so we still publish our Signals Thursday… And end this season for now with a very special interview guest.
Bitcoin Compass is one of our listed Discord Signal Groups. They came and they ruled – pretty fast, and far more important: they have proven many times that they are true experts in trading and have a deep knowledge when it comes to crypto projects. Recently, they contributed an article, “The Ripple Mafia“, which went viral.

SMARTOPTIONS.IO: Bitcoin Compass sky-rocketed out of the nowhere and became almost instantly a very popular Telegram channel, providing a great flow of news and information. Tell us about a bit about your team and how y’all have been able to achieve this success that fast.

BITCOIN COMPASS: Hi! We too are really pleased that the channel is gaining traction so quickly. The key to this is the team. Without a doubt. We have people from a range of diverse backgrounds: from finance to marketing, from start-ups to corporates. Research and commitment to quality is at the heart of what we do, and that’s why we are absolutely thrilled to have some of the best traders and analysts in the world. Not only this, but the team’s desire for continuous improvement is genuinely aspiring. And results show for it.

SMARTOPTIONS.IO: When we discussed a guest post on our site, we decided for the Ripple Mafia (link), though you also offered a pretty decent and spot-on logarithmic Bitcoin analysis. I know it’s way too late now, but please leave some words about that.

BITCOIN COMPASS: It’s never too late. The current bear market is far from its end, despite the recent drop that we saw with the price of Bitcoin over the last few months.

Think about it like this. The current price is similar to what we saw in August-September last year. How many experienced investors, do you think, bought Bitcoin during this time? Not many. Believe me, there will be more people abandoning the ship at the next sight of a storm, convinced that the ship is sinking. But sinking, it is not.

The Capitulation phase that is yet to come will provide plenty of opportunities to acquire assets at many low prices.

Have a look at this logarithmic monthly candle chart for Bitcoin.

See how that after breaking from the red channel, there was a strong movement to the downside? We can, of course, test this level once more before reaching the full capitulation. Eventually, however, we’ll test the blue channel and if it also breaks, there is a high chance of reaching $1,000 for a single bitcoin.

After reaching the bottom, our target for 2021 is $100,000 per bitcoin. This is 100-fold more than the price of $1,000. And that’s just in the span of 30 months. This increase is likely to be fueled by both, the rapidly growing interest from investors (institutional and individual) and the 3rd halving of the Bitcoin mining rewards, expected around mid-2020.

It’s really important to note that the upcoming world financial crisis – and yes, it’s coming – will be the very first one for Bitcoin and it can turn out to be ugly when it comes to price. When will this happen? Possibly, after reaching the target of $100,000, possible prior to that. Stay tuned for our updates!

SMARTOPTIONS.IO: Hard times to trade Altcoins.  Many signal channels switched to leveraged trading, tho you still can achieve quite some impressive results on the Alt-side. How do you prepare your Analysis? Do you consider and anticipate BTC moves before posting an Altcoin signal?

BITCOIN COMPASS: We’re certain that the altcoin market has lifeblood in it. Still, we are also testing a leveraged trading service and an automatic API trading system, simply because this is what our audience wants. The demand is there, otherwise we wouldn’t be looking into this space.

And yes, absolutely. Our altcoin analysis is prepared with the potential BTC movements in mind, as the two are tightly linked. We pick our entries very carefully and always – always – have carefully planned stop-loss strategies in place. It’s no secret that contingency planning is crucial for sustainable success.

SMARTOPTIONS.IO: What’s your personal view on the future of Crypto? How do you expect the market to evolve? Altcoin wipe-out? Multi-year bear phase?

BITCOIN COMPASS: If we were skeptics, it wouldn’t make sense for us to do what we do, would it? Each and every single member of the team is a passionate believer in the potential of blockchain to change the world. We all have different takes on it but unconditionally converge on the fact that crypto is the place to be.

There is a general consensus within the team that 2020 will be a huge year for crypto. Debates are still raging about 2019, though…

Regardless, we are getting ready for a multi-year bear market. Potentially as the parabolic 2017, it will need some time to cool down and this is natural. People need to understand that this is a normal market behavior in the cryptocurrency space. And this induces further confidence in the prospects on a speedy recovery.

This will undoubtedly lead to some altcoins being wiped out – but yet again, this is only normal. This happens in all areas of business, and it’s unreasonable to expect crypto act otherwise. The coins that will survive, however, will enjoy immense growth in the long run.

We are on the constant look-out for such projects. They are coins, whose underlying business ideas are likely to make the most meaningful impact. So keep your eyes peeled.

SMARTOPTIONS.IO: How do you make use of this retracement? Which alts do you accumulate and keep as your gems? Do you plan your entries here, or do you do the classic DCA with buying amount x every x days?

BITCOIN COMPASS: During the past retracement, our priority was to keep our capital and the capital of our followers in intact. Ultimately, that’s why we’re posting regular updates on our group, so that people can make more informed decisions. One of the recent ‘gems’ that we shared firstly with premium subscribers and later with free members too was the SRN token/Sirin Labs. We used dollar cost averaging techniques to minimize risks and maximize long-term potential.

We did so by placing buy orders at different price levels, from 1,360 down to 1,150 sats, averaging our way down. This coin then hit 5,678 sats a few weeks after our signal, which meant up to 500% ROI. We believe that averaging down entries is an effective approach and should be used whenever possible.

Bitcoin Technical Analysis by Bitcoin Compass
SRN Technical Analysis by Bitcoin Compass

SMARTOPTIONS.IO: Thank you so much for your time, guys.

Fact Sheet for BITCOIN COMPASS

Bitcoin Compass on Discord

Discount Code:  SMARTOPTIONS10OFF (10% off)

  • Website: Bitcoincompass.io (don't let scammers lead you to TheBitcoinCompass.com - it has nothing to do with this legit guys)
  • Pre Membership channel: https://discord.gg/v5jWD2F
  • Telegram: This channel offers their signals also on Telegram, it is included in the subscription price.
  • Discord Contact: @Flow#1964 (you can also contact them on Telegram if you prefer)
  • Discount Code: 10% off with SMARTOPTIONS10OFF
  • Plans & Pricing: $67 per month / $670 per annum paid in BTC (not incl. 10% discount)
  • Special Features: Personal Consultation Upon Joining, Instant Access to Signals by our Bitcoin Trading Bot on top to the manual signals and market updates, 55 Lessons Trading Course
  • Further Information: Interview with Bitcoin Compass | Guest Post "The Ripple Mafia"
  • Auto Trader: coming soon
  • Exchanges: Markets on Binance / Bitfinex / (Bitmex)
  • Results Tracking: Tracking Sheet on Google Docs
  • Signals with TA: Yes, Tradingview charts are attached
  • Bitmex Signals: Yes, you can use their Bitcoin Trades on Bitmex with caution (not recommended officially)
  • ICO Reviews / Seed Sale Opportunities: No
  • Trading Timezones: GMT +1
  • Chat Rooms: - #free-community-chat (free), - #ta-lounge (free) - #premium-chat-room (premium)
  • Free Signals Channel: https://discord.gg/gbkGDUw
How the paid crypto signal channel looks like: Bitcoin Compass on Discord

Discount Code:  SMARTOPTIONS10OFF (10% off)

TRUSTED SIGNAL PROVIDER

Bitcoin Compass is allowed to use the Trusted Provider Seal
Bitcoin Compass is allowed to use the Trusted Provider Seal

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When nu post?

Get the armor to fight the bear market - delivered to your inbox:
  • Learn which Crypto Signals Provider really perform
  • Get unbiased well-researched & merciless coin reviews
  • Grab trading education, our market updates and cryptocurrency news!

Welcome to the Family! Now activate your subscription by hitting the "CONFIRM" button we just send to your inbox.

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