I usually share lessons and general insights in this newsletter. But I thought it would be helpful to talk about specifics in today’s issue.
More to the point, how I’m trading these markets.
I’ll share with you which markets I’m trading and how, including my thought process for where cryptos may be going over the next few weeks.
Let’s get to it!
What I’m Trading and Why
You may have seen my tweet last evening that called for another round of weakness.
Not everything was breaking down when I tweeted that. For instance, ETHUSD was still holding well above the support I mentioned in Wednesday’s video.
I made that comment because of VET and ADA. Both were breaking below key support on the hourly.
Markets don’t often break out at once. However, in a market as correlated as crypto, you can usually find a few markets that are leading the way.
VET and ADA were the canaries in the coal mine, so to speak.
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