$SPX Monthly: Don't listen to Bitcoin centric analysts!!!!
Chart says it's all.
Moving average: 200 Monthly Average
Always buy the SPX since 1974 when RSI hits oversold reading. Please don't listen to crypto analysts that say the equity markets are dead.
Here is my advice:
It doesn't matter what market you play they all operate technically the same on Greed and Fear index. A chartists job is to measure the Greed and Fear in markets by analyzing price action. So when crypto-analysts say equity markets and the global financial system is going under what do you do? You need to analyze the market more closely for CONTRARIAN opportunities. It's no different when Bitcoin collapsed from $20k to 3k in a matter of 1 year. Everyone from all sides both traditional and crypto markets were saying $BTC is going to 1k...remember?
Please diversify your gains in crypto and consider looking at the SP 500 index and specific names in the technology sector if the inverted yield curve fully plays out in predicting the next recession within 12 months. 3 month yields currently at 1.99 and 30 Year sitting at 1.95!
Never have more than 10% of your net-worth in crypto. If $BTC heads anywhere close to where it should in the next 5 to 10 years it won't take risking a lot to have major gains that you'd never see in traditional markets.
Don't be greedy. Wealth takes work and patience. This will be the lesson by everyone who thinks they will get rich overnight in crypto.
Follow me on twitter for daily and weekly updates. Love meeting new people so give me a follow here and on twitter and DM if you'd like.
Regards,
Bobby
Moving average: 200 Monthly Average
Always buy the SPX since 1974 when RSI hits oversold reading. Please don't listen to crypto analysts that say the equity markets are dead.
Here is my advice:
It doesn't matter what market you play they all operate technically the same on Greed and Fear index. A chartists job is to measure the Greed and Fear in markets by analyzing price action. So when crypto-analysts say equity markets and the global financial system is going under what do you do? You need to analyze the market more closely for CONTRARIAN opportunities. It's no different when Bitcoin collapsed from $20k to 3k in a matter of 1 year. Everyone from all sides both traditional and crypto markets were saying $BTC is going to 1k...remember?
Please diversify your gains in crypto and consider looking at the SP 500 index and specific names in the technology sector if the inverted yield curve fully plays out in predicting the next recession within 12 months. 3 month yields currently at 1.99 and 30 Year sitting at 1.95!
Never have more than 10% of your net-worth in crypto. If $BTC heads anywhere close to where it should in the next 5 to 10 years it won't take risking a lot to have major gains that you'd never see in traditional markets.
Don't be greedy. Wealth takes work and patience. This will be the lesson by everyone who thinks they will get rich overnight in crypto.
Follow me on twitter for daily and weekly updates. Love meeting new people so give me a follow here and on twitter and DM if you'd like.
Regards,
Bobby