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Unloading 90% of my Trades Today
Due to what I am seeing on the charts, I have made the decision to unload almost all of my trades today. In this Friday’s video update I will point out exactly what I am seeing both in the altcoin space and on the Bitcoin and other charts. In short, SPY has fallen below a major level, the VIX has exited its rangebound channel to the upside, Bitcoin is coming up into significant resistance, and altcoins are meeting major resistance levels and look as though they could drop again.
I know this is both frustrating and exhausting. This has been the longest and most brutal bear market crypto has experienced to date. Those of you that have made it this far and are reading this post have all my respect. I know that you are not fair-weather fans of crypto or trading in general. You likely believe in the technology and know intuitively that one day you will be rewarded for your investments and efforts to learn. Bear markets are the best instruments for both your learning and investing experience even when it doesn’t feel like it at the time. Though hard (extremely hard), nothing good has ever arrived easily.
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