For when it comes to trading the financial markets price is the ultimate arbiter of truth. Period. We can whinge and whine all we want about what the market ‘should be doing’ based on a laundry list of technical evidence suggesting that it is ‘overbought’. But in the end, the market will simply do what it wants to do. And when it wants to go up – we aim high – especially during a bull market.
If you are one of those people who are chronically allergic to not just Bitcoin but crypto in general then I bet you’ve been feeling pretty damn smug over the last week. Yes, thanks to the Mr. Asbergers Impersonate the entire crypto market was taken to the woodshed in a matter of days. But before you fall in love with your newly acquired your super human market reading abilities here’s just a teeny weeny detail you may have forgotten about:
After the turbulent sell off across the entire crypto sector on Wednesday I decided to put together a comprehensive market review in order to address the big elephant in the room: Did we just mark a top in BTC and a new bear market is afoot? Or was this merely a much overdue correction inside a secular bull market that will extend beyond 2021?
If you think equities are looking droopy then feast your eyes on the train wreck that’s unfolding across crypto right now. Bitcoin dropped below $35k and Ether crashed 40% – the same guys who were cruising to buy new lambos last week are running in circles with their hair on fire. Cue the usual muppets smugly telling us they ‘were right all along’. Just like in 2019 when BTC dropped from $14k to $6k.
Happy Monday! Unfortunately I won’t be able to cobble up an interesting post today as I’ve been working non-stop the entire weekend and didn’t make it into bed until 3:30am last night. My brain is turning into tapioca and to make matters worse one of my front teeth broke and I’ll have to see a dentist this evening. So in essence just a regular day at the trading lair…
I sure know how to pick dates for hosting webinars or launching new products, don’t I now? Mole’s Travel Curse move aside – we’ve got a new put punter in town! Despite being well positioned ahead of time it still pained me to miss out on most of the action, but much to my chagrin it seems that none of you guys were having any fun either. Which irks me even more to be honest. Step it up guys!
From the fossilized rock that is my heart, I want to thank you all of you. Over the past 12 years (and counting) it truly has been the great honor of my life to serve this community, The system I released today is the greatest work I’ve ever done in my life. And I’m extremely proud to share it.
In my mind it is the right type of system at the right time. A serendipitous confluence of being the right guy, at the right place, at the right moment. Getting it to work two years ago – when everyone hated crypto – took quite a bit of courage that I didn’t even know I had. Had it not been for Scott Phillips, my brother from another mother, I may have never found it. Thanks mate – you’ve done more for me than you will ever know.
This is going to be an awesome day on many fronts – for all of us. My fourth and final Crypto Trading Masterclass is scheduled for later this afternoon at 3:00pm Eastern. Which means I may actually get to sleep more than four hours the first time in weeks, and perhaps even remember my wife’s first name again.
After some initial trepidations the Mole has turned himself into a mean lean crypto webinar producing machine. Which really cracks me up because I almost soiled myself the day of the first one and now I can’t wait for the ‘big one’ which is scheduled for the coming Wednesday at 3:00pm Eastern.
Yes, you heard that right – I had to make another change to the calendar as there simply is too much to do ahead of the big launch. Exhaustion levels are pushing in the red zone.
Following on the heels of last week’s outstanding 35% gains. We made 25% YESTERDAY. Not a typo. And my small cracker test account I started three months ago with $5k I am up to $100K. That’s nearly what most people make in a normal year IN ONE DAY!
HOW?