A day or two ago I was cruising around on reddit as I am subscribed to a few hobby related groups as well as some related to crypto currencies. To be honest I haven’t been dabbling much in crypto since early last year but it’s always good to keep one’s ear to the ground, as they say.
Everything I touch today seems to either be out of commission, requires maintenance, or repeatedly crashes. One of those U2 Mondays I guess, so after burning through two frustrating hours this going to be a pretty snappy post. That said – the two charts I was able to scrape together should be raising your eyebrows, especially if you’re bearish.
When it comes to financial news in particular, can you remember reading a single bullish headline over the past week? Or perhaps over the past month? The past year? Past decade? Me neither. Instead it’s been doom & gloom every step on the way up from SPX 667 back in 2008 to now over 3300 eleven and some years later. If nothing else the political culture war triggered by the election of Donald J. Trump has only served to exacerbate a mainstream media landscape addicted to that next juicy bit of angst inciting clickbait.
Remember when I introduced not one but two masterclasses about a month ago?
First my Price Action Masterclass– a comprehensive tutorial on reading and understanding price action without the use of superfluous indicators.
Second my System Building Masterclass– a massive tutorial on building non-fragile trading systems that stand the test of time.