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Issue 202 – S&P 500 False Break Could Spell Trouble for Crypto

April 28, 2022


Thursday was a wild day for both stocks and crypto. We saw a nearly 3% move from the S&P 500 get faded and a $1,200 round trip for Bitcoin in under two hours.

That S&P fade turned into a false break by the session close, which is what I discuss in today’s newsletter.

We’ll also take a look at the latest on TOTAL, a potential deviation on BTC, and resistance for ETH.

Plus, I provide an update on my SAND short from $2.90.

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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.

Cryptocademy.com is the culmination of my love for cryptocurrencies, my passion for financial markets, and desire to learn and teach.

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