Bitcoin Flatlines while Stocks Quietly go Parabolic.
Hi trader, let's talk about Bitcoin,
Nothing much has happened since our last market update.
The cryptocurrency is showing no signs of volatility on the spot market:
Meanwhile the stock market is correcting...
... but will likely recover and aim to prolong its historical 10 years bull run:
The longer time-frame reveals that the stock market is indeed in a bubble, the chart is starting to go parabolic...
... and could pull a 2017 Bitcoin before the bubble gets pricked and drag our economies into a recession.
I leave you with this very entertaining interview of Bitcoin-skeptic Peter Shiff on the Joe Rogan podcast:
Nothing has changed as far as our strategy:
- Avoid trading the chops as Bitcoin is grinding at the bottom, instead accumulate your favorite coins at a discount.
- Keep your eyes on the S&P500 for signs of correlation with the stock market (especially in the event of a more severe correction).
This content is for informational purposes only and does not constitute financial advice.
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