Market Update: What’s Next For Bitcoin?
It’s been a tumultuous month with many good as well as bad surprises for the crypto sector. Bitcoin now finds itself back at the $30k mark where the recent rally fizzled out back in early April.
How To Pick Great Entries Like A Pro
The tape has been boring AF over the past few days which is an excellent time to teach you guys a thing or two about price action. And let me start out by ripping off the band-aid and telling you straight forward that relying solely on indicators – ANY indicator – is HUGE mistake. One that may in fact cost you your trading account.
Is It Time To Sell?
Take any modern retail trading platform and the ratio between views on the chart tab versus the on the trading tab settles in at somewhere around 7:1. In case you wonder – YES, I get off on exotic statistics, because that’s just how I roll.
The Writing Is On The Wall
It seems that within a single week we’ve flipped from deep skepticism of all things crypto directly to good old fashioned irrational exuberance driven by what seems to be a viral outbreak of FOMO (fear of missing out).
Kiss The Ring
Okay it’s not that I can read minds, walk on water, predict the future, or undo bras with the power of my mind. My only claim to fame is that I am damn bloody good at reading the tape.
Houston We Have A Short Squeeze!
Last Friday morning I promised you a shortsqueeze and we didn’t have to wait long for the market to deliver. What was supposed to be a mere 50 SPX handle week (based on the weekly expected move) turned into a 110 handle rocket launch.
Don’t Listen To What They Say
If you plan on surviving for more than a year as a trader then there is one enduring quote by Winston Churchill that you should ingrain into your cerebral cortex and remind yourself of every single day:
Blood In The Water
The concerted U.S. crypto smack down seems to be picking up steam. Which is always a great time to start loading up on some coin, assuming of course you’ve got the brass needed to fade the blood in the water and take a dive.
Silly Goat Market
Stocks on Wall Street continued their upward trajectory, moving further into bull market territory, as newly cooked up data revealed a slowdown in inflation. Which will probably be revised upward next month, but I digress 😉
All Your Coins Are Belong To Us
Well, that didn’t take long. Binance.us, the American affiliate of Binance, has filed a defense ahead of today’s hearing regarding a proposed freeze on its funds.