As technicians, our job is to respond and react to the evidence in front of us.
The market has a funny way of punishing those who let their ego and opinions drive their decision-making instead of objectively following money flow.
We say it over and over again: As a trader, your only job is to follow money flow. Everything else is noise.
This morning, we can’t help but think about the resolution from this rally seen in a handful of crypto stocks. I think Microstrategy $MSTR and Coinbase $COIN show it better than any other.
What will it be?