The Shakeout

Louis Sykes
April 15, 2024

Cryptocurrency markets experienced a downturn this weekend due to geopolitical tension.

I believe there's no advantage in reacting to such headlines; if anything, they provoke emotional decision-making and obscure our capacity to rely on market trends. Remember, it's the flow of money that generates profit, not rumors and narratives.

Undoubtedly, geopolitical tensions have affected cryptocurrency markets, reinforcing my view of a "chopsolidation." Nevertheless, I'm also positioning myself for a short-term rally.

 

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