Hi trader, let's talk about Bitcoin,

Bitcoin.

Nothing much has happened since our last market update.

The cryptocurrency is showing no signs of volatility on the spot market:

Meanwhile the stock market is correcting...

... but will likely recover and aim to prolong its historical 10 years bull run:

The longer time-frame reveals that the stock market is indeed in a bubble, the chart is starting to go parabolic...

... and could pull a 2017 Bitcoin before the bubble gets pricked and drag our economies into a recession.

I leave you with this very entertaining interview of Bitcoin-skeptic Peter Shiff on the Joe Rogan podcast:

Strategy.

Nothing has changed as far as our strategy:

1. Avoid trading the chops as Bitcoin is grinding at the bottom, instead accumulate your favorite coins at a discount.
2. Keep your eyes on the S&P500 for signs of correlation with the stock market (especially in the event of a more severe correction).

Until then,

FØx.

This content is for informational purposes only and does not constitute financial advice.

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by FØx