Looking Back At The Month | Crypto and Stocks
StatsEdgeTrading
Crypto: In Play, Big Time
Bitcoin ($BTC): Struggling at $100K. Sold trading positions in the low $90Ks—still holding my long-term stash. Watching for consolidation and a potential breakout over $100K for a momentum play.
Ethereum ($ETH): Not close to all-time highs yet. Watching $4K for a potential breakout trigger.
Altcoins: The anchored VWAP approach is working well. Bought Mana at $0.40 and ADA near $1. Tight stops and looking to ride the breakout momentum. Simple setups, simple trades.
Currencies: Dollar Weakness & Key Trades
DXY: Hit resistance and pulled back. If it breaks recent lows, we could see a bigger move down.
NZD/USD & USD/JPY: Long NZD/USD and short USD/JPY as a way to play continued dollar weakness.
Gold & Silver: Gold holding anchored VWAP from the election low—watching for a push higher. Silver is lagging hard, so if precious metals fail, it’s my short candidate.
Equities: New Highs Everywhere
SPY, RSP, IWC, MDY: All-time highs across the board. The trend is your friend—don’t overthink it. Trailing stops are your best defense.
China Tech (JD, BABA): On my radar. Big pullbacks into support; I’m ready to re-engage if they break higher next week.
The Plan Moving Forward
Right now, it’s all about sticking with what’s working and not trying to be a hero. Markets at all-time highs don’t need a ton of analysis—just hold positions, manage risk, and let the trend play out.
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That’s it for now—trade smart, and I’ll see you next week!