Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Today we had an unexpected timing signal change to down. Now is the time to hedge your long positions by initiating shorts on your market etf of choice, or exit all longs completely if you aren't a fan of shorting.
I'm personally choosing to hedge for now as this is a difficult signal on a low volume holiday week to decide if this is a headfake signal and we're going to go higher next week. If we see any strength tomorrow and my timing signal remains defensive I'll likely use that as an opportunity to unload any longs.
If anything it's time to become more defensive as the odds of further declines have increased and limit new long positions until the timing signal realigns itself in a bullish fashion.
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Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.