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.

This is a members-only issue. Join today to get access to the full post and video, and member’s only Discord where Justin shares his trade entries.

Members receive one new issue every weekday.

Join and pay monthly

Join and pay yearly (save 20%)

Already a paying member? Sign in

Trading Tools & Resources

The links below are affiliate links. Meaning that at no additional cost to you, I will earn a commission if you click through and sign up.

Bybit - My preferred exchange for trading crypto. Over 100 tradable assets, super competitive spreads, and the best mobile trading platform I've ever used. Use the link below to get FREE lifetime access to Cryptocademy!

Get FREE lifetime access

iTrustCapital - Where I invest in crypto for my retirement account. These are self-directed IRAs where you can invest in dozens of crypto assets and even gold and silver. Right now they're offering $100 in BTC when you fund an account with at least $1,000. Use the link below to claim this offer.

$100 in Bitcoin For Retirement

TraderSync - The crypto trading journal I use and trust. Enter trades manually or import from dozens of brokers/exchanges, including Bybit! Track your win rate, average return, profit factor and identify mistakes to improve your trading.

Start a 7-Day Free Trial!

Justin Bennett

Follow me on Twitter:

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.

Learn more