I don't want to keep talking about the same asset, you guys know we pride ourselves in looking for opportunities all over the world and across asset classes. But this Bitcoin scenario right now presents us with the perfect opportunity to explain what...
Welcome to my new Monthly show that I'm doing with my friend Josh Brown. He is one of the most widely followed Financial Advisors in the country, and someone who I've been arguing with about markets for the better part of 2 decades.
The first thing we want to do when analyzing any asset, crypto or otherwise, is identify the direction of the primary trend. In the case of Bitcoin, the trend for the lifetime of this asset is clearly: Up.
Remember Crypto Currencies? The conversations over Thanksgiving dinners in 2017 were really something. It feels like just yesterday we were still feeling the euphoria of the Crypto Craze.
So now what? What's happened since the epic 80%+ crash...
Think about how well everything is going this year! The S&P500 is up almost 20%. Bonds are up 22% and even Gold is up 17%! Heck Bitcoin has more than doubled! Can things get any better than this???
When I go through all of the crypto currencies, the healthiest one and the only one already pressing up against key resistance is Ethereum. You guys know I look for relative strength and positive momentum. Ethereum is showing characteristics of both...
When I go through charts of the most popular crypto currencies, it's hard to ignore the fact that we're seeing prices breaking out above downtrend lines from their respective highs. Go one by one, we're seeing it all over.
This week I was in New York City working on some really cool things that I'll be announcing next quarter. It has been an incredible year and I think 2018 is going to somehow be even better! While I was in town, I swung by the Nasdaq Marketsite to...