The Bull Run is Back! Now, Let’s Trac k It

Dear Subscriber,

The bull run is back!

I hope that doesn’t come as a surprise to you. After all, I’ve been sharing what my favorite indicators — Bitcoin’s spot CVD, impulsive price action and the Coinbase premium index — have had to say over the past few weeks.

And they had been growing more optimistic … more bullish … with each week.

That’s why I showed you how to identify and track two of these indicators on your own: the spot CVD and impulsive price action.

This week, we’ll cover the third, the Coinbase premium index.

It may seem silly to wrap up this series now that the bull run has made its return with notable fanfare.

But these tools will be useful later this cycle … and again next cycle.

This is the foundation that will allow you to better understand how the market works and when to act on your own.

These are tools you should have in your crypto kit no matter what.

So, let’s get started.

As a reminder, the Coinbase premium index tracks the difference between the spot price of Bitcoin (BTC, “A”) on Coinbase Pro and the aggregate spot price of Bitcoin on other exchanges.

To track it, you’ll need to head to TradingView here.

This should look familiar from last week to start. But this time, we’ll need different tools to make our chart.

To start, click on Indicators on the top toolbar, marked by the yellow 1 above. You should then see this drop-down menu:

In the search bar, type in Coinbase Premium

Then click on the Coinbase Premium ($) Absolute Dollar Amount option. This is a custom indicator written by a user called unknownplayer.

I’ve set a red box around the correct option above to help you.

Once selected, your chart should look like this:

And that’s it!

The box on the bottom shows the Coinbase premium. When it’s green — as it is now — it indicates buying pressure from large U.S. entities.

These are the kinds of buyers that can really make a market move. After all, the old saying “follow the smart money” still rings true.

As I said last week, this alone is not enough to confirm a bull run is underway.

That’s why I use all three of my favorite indicators in concert to better understand where the market stands … and where it may be heading.

To do that, let’s put everything together and look at the latest data.

Remember, the rules are:

We already know what the Coinbase premium index says. So, let’s turn to the others.

You can see from the one-hour time frame that Bitcoin’s spot CVD is trending up:

That means we can expect near-term bullishness.

If we zoom out to look at a longer time frame, we can see the one-day chart is just beginning to turn higher …

This means we are still early to the bull run.

Now, let’s turn to impulsive price action …

Since the long-term cycle low of $52,000, there have been two consecutive pairs of higher highs and higher lows.

But you can also see that we are at Wave 5. That means we are due for a correction soon.

When combined with the data from the other two indicators, I believe this will be a standard bull-market pullback.

In other words, it’ll be a buying opportunity for savvy investors looking to load up before the bull runs away from them.

And it’s an opportunity I encourage you to take advantage of if you’re not fully invested yet.

That’s because Bitcoin may even hit $100,000 in the coming months, as my colleague Juan Villaverde believes.

And when Bitcoin rallies, select altcoins will eventually surge even more than Bitcoin. With altcoins, gains of 10x … 20x ... even 50x are possible, if you know where to look.

But that’s an update for another time. For now, I suggest you keep these three tools in your back pocket.

They’ll help you navigate this wild bull market … and any that come after it.

Best,

Dr. Bruce Ng