Issue 12 – Risk On/Off, Bitcoin Breakdown, ADA, and LINK Updates

Bitcoin is selling off today after closing below its symmetrical triangle on Monday.

Although the selloff intensified in the final hours of Monday’s session, BTC managed to close above support at around $33,400.

However, Tuesday is at risk of clearing those lows.

One thing I want to discuss today is the difference between risk-on and risk-off. They’re essential concepts every trader and investor should know.

We’ll look at where the S&P 500 is on the chart and how that may or may not fuel this next leg lower from cryptos.

I’ll also dive into the Chainlink and Cardano technicals.

Let’s get it!

Risk-On vs. Risk-Off

If this reminds you of the original Karate Kid movie, you’re not alone.

While these two terms may sound a bit abstract, they’re actually quite literal.

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Justin Bennett

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About the Author

I'm Justin Bennett, a currency trader turned crypto enthusiast. My journey started with stocks in 2002. After limited success, I transitioned to currencies in 2007, which later became a full time trading gig. The journey continued, and in 2020, I committed to learning about cryptocurrencies. It was love at first sight. is the culmination of my love for cryptocurrencies, my passion for financial markets, and desire to learn and teach.

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