Objectively speaking, knowing when to sit out is something that often separates good investors from mediocre ones.
We’ve already laid out our approach, which you can read here.
In summary:
Expert technical analysis of financial markets by JC Parets
by Louis Sykes
Objectively speaking, knowing when to sit out is something that often separates good investors from mediocre ones.
We’ve already laid out our approach, which you can read here.
In summary:
by Louis Sykes
Yesterday we documented how we’re shifting back to our defensive strategy. Tight trading correlations to weak equities dictate this approach.
At the same time, we’ve been stopped out of most altcoin long positions.
There’s little to discuss in the way of tactical trading opportunities.
Even the strongest names can’t get it done when we look at the alts. We’re seeing many failed breakouts, and there’s little to like in shorter time frames right now.
Here are a few examples.
by Louis Sykes
Over the last few weeks, we’ve promoted our bullish crypto thesis, even going so far as to argue the Bitcoin bear market had concluded.
As of the writing of this note, we’re currently watching Bitcoin lose our risk management level of 42,500. We entered into some small hedging positions on the loss of 46,000, but now we’re looking to add to our hedging positions/raising cash this morning.
by David
This is the video recording of our April 8, 2022, All Star Charts Crypto Weekly Strategy Session.
by Louis Sykes
We keep saying it: There are just so many good setups out there.
You’ve noticed?
This is the first time in months that there’s generally a good shape to the price action in these beaten-up altcoins.
by Louis Sykes
Welcome to our weekly crypto open letter.
The last few weeks have seen a sizeable shift in our approach. Here’s a summary of this period:
by David
This is the video recording of our April 1, 2022, All Star Charts Crypto Weekly Strategy Session.
by Louis Sykes
Wait for your perfect pitch.
We say it all the time.
There are no called strikes on Wall Street. In other words, we’re not penalized for not swinging, like you are in baseball.
We have the ability to be patient, to a certain extent at least, depending on your mandate. But most of us don’t have mandates! Even one of the best hitters of all time struggled when he swung at bad pitches.