Hey everyone,
Here is the update for this week:
One more thing to keep in mind that I didn’t share in the video is that September has historically been a down month for crypto. October (AKA Uptober) has historically been good. Could we see a repeat of this?
Video Highlights:
- Two days ago, $1.5B of ETH and DOGE were liquidated in a few hours as leveraged buy positions got stopped out from the price moving down on them quickly. This created fear over where the price of crypto will go next.
- It’s possible that institutions may have caused this to get a better buy price for their positions. If the market were bearish, it would still likely be moving down since then.
- Not much has changed in our positions. We are waiting for that bullish move.
