Why bitcoin is down? We should look at the economy, the Fed, China, risk management and how they are all connected.
Even bitcoin's biggest bulls realize environmental concerns could curtail adoption. But is there an answer?
Here is my trading game plan for the cryptocurrency miner.
Let's review the charts and indicators.
Should these assets stop trying to be seen as currencies, and trade more like commodities, I'll become more involved.
The main theme I see now is de-SPACs.
A look at COIN's charts as bitcoin becomes legal tender in El Salvador.
If Bitcoin and Ethereum stay hot, it should bode well for crypto miner SOS.
I believe the U.S is heading for a fall, and that will obviously impact the financial markets. Here's how I would get positioned.
As the market plays ping pong between views on reflation vs. deflation and moves with U.S. bond yields, both gold and Bitcoin are part of the larger macro trade.