MNQ - Clear Downtrend
It appears that we are hitting the top of the channel, hence I am taking a defensive position in my crypto trades and looking to see if this gets rejected this week. I will be looking for sell opportunities in MNQ micro contracts this week.
Seems like everyone wants to call a bottom in crypto, but that's another story. If this market rolls over I can't imagine that the crypto markets will decouple all of a sudden and diverge up. 2022 is the year to play defense and build up a cash position, and start to slowly rotate to whatever it is that crowd hates, which for me is growth tech stocks and Ethereum.
Seems like everyone wants to call a bottom in crypto, but that's another story. If this market rolls over I can't imagine that the crypto markets will decouple all of a sudden and diverge up. 2022 is the year to play defense and build up a cash position, and start to slowly rotate to whatever it is that crowd hates, which for me is growth tech stocks and Ethereum.
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Not financial advice you sucka
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Turned into a FED induced midterm rally! This was a surprise, but I am starting to think this may last a bit longer.