Cash Rules Everything Around Me

Bitcoin's now on the cusp of losing this critical 30k level we've been hammering the table on for the last month.

As it stands, there is nothing attractive on the long side right now:

We often preach to wait for your perfect pitch. That is, to trade well, not often, when the competitive edge is in your favor.

We took a few shots on the long side where the risk-versus-reward was in our favor. But the real winning trade has been cash.

If this isn't the best example of a "go fishing" market, I'm not sure what is...

Along with Bitcoin, here's our Top 5 Crypto index pushing against this critical 100 level.