Hope everyone is faring OK in this choppy market.
Back again is my TAking Requests episode where you, the readers, get to request whatever pair you’d like me to look over in my next full Art of the Chart post.
I know I missed a few pairs last week, but my internet has been better lately and I’m ready to take on the missed pairs. I will admit, the market doesn’t look tremendous right now… We’ve had an Impulse short on the TotalMC chart, then a corrective Bear Flag-style pullback. Some pairs look better than others (as usual), but the future is very uncertain right now across the board. Those of you who are highly worried at this point as to the future of your portfolio, I would recommend taking a break, and if you’ve invested more than you can afford, I would absolutely pull 75%+ back to stables at this point. Economically we’re hawkish and globally we’re entering what should definitely be considered “extreme uncertainty”. As much as we want exposure to the upside, it’s just not worth risking what we’ve built up until this point.
Alternatively, if you couldn’t care less about the short term PA and you’re invested for the long term only, don’t worry: crypto is unequivocally here to stay! If we are truly entering a bear market right now, I have confidence it will not be as brutal as the last.
That being said, toss your requests below!
Until next time…
Cryton Capital is not a registered investment advisor, legal advisor, tax advisor, or broker/dealer. All investment / financial opinions expressed in any-and-all posts on this page, including screenshots & captions, are from the personal research and experience of the owner, and are intended to be interpreted as educational material only. Although best efforts are made to ensure that all financial charts and commentary are as up-to-date as possible, there may be times where price moves beyond key levels before the chart can be posted. Alas, this is part of the fast-paced financial sector and cannot be avoided. Also, occasionally unintended errors and/or misprints may occur.
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