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.
By Jeff Pierce
Defense stocks look very bullish but are somewhat overstretched and could use a pullback to set up long entries in the stocks mentioned below. This sector has been on fire since April, but after a measured move out of the June consolidation I can't see this sector moving too much higher as it seems to be running out of gas.
The RSI on a weekly chart (not shown below) is so strong and often serves as a warm-up for a bigger move that is coming. I don't have a problem chasing stocks but I'm not going to chase these as they are so overbought. Right now they're on a watchlist for when/if they pull back I'll get interested in them again.
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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.
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