Where Are the Trades?

Louis Sykes
September 6, 2022

Yesterday, we identified a number of developments in crypto and in old-school markets, suggesting it's time for buyers to step in if further damage is to be avoided.

While Bitcoin is in the process of testing support, we've seen some short-term signals of strength within the altcoins. This is a positive, but crypto assets need legacy markets to bounce here if this recent strength is to persist.

If equities can’t begin to build a bullish shape right here and now, we expect further downside. Recent US dollar strength likely needs to subside, too.

So, with our stage set, let's look at it through a more actionable lens.

What are the setups? What are we buying? What are we selling?

 

 

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