Are we seeing evidence of risk appetite out there? Or are we seeing evidence of risk aversion.
All of the major U.S. indexes are closing at new all-time highs. The NYSE Advance-Decline line is making new all-time highs and the number of stocks in uptrends is near the highs for the cycle.
So we know it's not a bear market. All of these are classic characteristics of bull markets.
Just look around.
Let me now present you with one of the leaders in the crypto space.
Wait for it...
The name of the token is "HarryPotterObamaSonic10Inu(ERC-20)".
Yes that's the actual name of the token.
And if that wasn't enough for you, the ticker for this token is literally $BITCOIN.
This token is pushing up against new all-time highs and looking to complete a multi-month basing pattern.
The trend here is up.
And just think, most of the major tokens like Bitcoin, Ethereum, Solana and others still haven't even broken out above the prior cycle's peak.
That leads me to believe that this HarryPotterObamaSonic10Inu(ERC-20) situation is less euphoria, and just more evidence of risk appetite.
The strongest of all of these assets continues to be Microstrategy, which is turning out to be a kind of leveraged play on the price of Bitcoin.
Look at $MSTR now pushing up against new all-time highs, BUT more importantly, it's above the prior cycle's peak.
Not many crypto assets can say that:
We want to eat when the eating is good.
But we're not going to walk into a steak house and order the chicken.
I'm not going to a sushi restaurant to get a hot dog.
It's a bull market. We want to own the strongest stocks during this type of environment.
But bull markets don't last forever.
That's why we need to make as much money as possible when it's time to make money.
Steve Strazza calls it, "Get money mode".
And that's what Breakout Multiplier multiplier is designed to do.
Setups that will turn into 5x, 10x, and 20x winners during earnings season are forming right now!
Volatility gets compressed as prices begin to coil up, going into a major stock moving event (like a quarterly earnings release).
Our proprietary Breakout Multiplier System is specially designed to identify these stocks before volatility begins to expand.
And that's exactly what we're doing right now.
We want to put ourselves in a position where we have zero risk going into a volatility event like earnings, but also having unlimited upside.
