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

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