Issue 207 – Downside Targets in Sight

May 5, 2022

Yesterday’s issue was titled: Crypto Rallies on a Less Hawkish Fed, but Is It Sustainable?

Today’s answer is a resounding, no!

I was overly cautious about Wednesday’s rally, and I’m glad I was. Today, I discuss the S&P 500 selloff and where TOTAL is relative to that big $1.55T support level.

I also share the latest on BTC dropping below $37,600 (is $35,000 support still in play?), and Ethereum’s journey to $2,500 support.

Plus, a GMT setup you don’t want to miss!

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 trades in real-time!

Get 7-day access for $1 ($15/month after trial)

Get 7-day access for $1 ($144/year after trial – save 20%)

The 7-day trial provides access to the daily newsletter with video and our private Discord where Justin shares his trade entries and exits. Cancel anytime.

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 T 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