If trading is your only occupation (not my case!), then life can be quite boring. The fact is you only need to wait… until there is a crisis or some excitement somewhere and then you enter the market, make your gains and go back to your boring life! Patience is key!
Summer time should be dull, shouldn’t it?
Anyway, a good time to look at all the funny articles on internet. Look at those two brilliant analysis:
https://cointelegraph.com/news/bitcoin-is-the-new-apple-how-btc-price-could-reach-60-000-by-2023
What? One says 60k, the other one 1.8k? Predictions, pretty much like conspiracy theories, are fun to read but you can not make anything with this information!
Fact is bitcoin is enjoying for now a cool summer, on a small downward slope. Capital is flowing out quietly but Bitcoin stays above the random walk path. The objective for down move is about 8100$ but I do not see enough bearish energy. Should it resume the uptrend, then objective 10250$, not that much. Quite boring for crypto!
S&P500 continues on to next reaction line, which could be reached… next week! Maybe some sport is coming… or not!
As for the Nasdaq 100, a warning line was reached yesterday. As for S&P500, there is divergence with bottom indicator (the WAD2.0 if you follow!), only a warning of course. I hope you are in since mid-April, a stop at 10k is now the best idea you can have!
That’s it! Until next time, enjoy the summer, stay away from harmful virus and trade safely!
