Crypto Report - Black swans?
|Published:||19 Jul 2021 14:05 ET|
New black swans are appearing on the horizon such as Yellen discussing the regulation of stablecoins later today, or if the stock market corrects even 10-15% due to the tough talk by Fed officials on tapering, ie, "taper tantrums", or concerns about the delta variation of COVID prompting renewed lockdowns thus stalling the economy further. FUD can easily drive the stock market 10-15% lower from peak. This may be what is needed for a wash out as many trillions in spending are on the way, and the Fed has really no choice but to keep printing. I am watching for a potential sharp breakdown in BTC price as a buy point for BTC/ETH/GBTC/etc. Of course, should we instead round out the base then see renewed entry points, such are also valid. Keep an eye out for undercut & rallies in BTC and GBTC. Crypto changes on a dime so one day to the next can be quite different.
Like what you read?
Let us help you make sense of these markets by signing up for our free Market Lab Reports:
This information is provided by MoKa Investors, LLC DBA Virtue of Selfish Investing (VoSI) is issued solely for informational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. Information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of available data. VoSI reports are intended to alert VoSI members to technical developments in certain securities that may or may not be actionable, only, and are not intended as recommendations. Past performance is not a guarantee, nor is it necessarily indicative, of future results. Opinions expressed herein are statements of our judgment as of the publication date and are subject to change without notice. Entities including but not limited to VoSI, its members, officers, directors, employees, customers, agents, and affiliates may have a position, long or short, in the securities referred to herein, and/or other related securities, and may increase or decrease such position or take a contra position. Additional information is available upon written request. This publication is for clients of Virtue of Selfish Investing. Reproduction without written permission is strictly prohibited and will be prosecuted to the full extent of the law. ©2023 MoKa Investors, LLC DBA Virtue of Selfish Investing. All rights reserved.