Rocketship to the moon

bottom is in, calling it

Stonks are in the early stages of a face-melting rally (which ofc I warned you about last week)

How do we know?

It’s the same old story. 

Buy things when people hate them.

Sell things when they love them.

And the haterade was so strong the last few weeks it sure does feel like a market bottom.

You can see we have a little microgap up on today’s candle, indicating that buyers were so horny they mashed the button as soon as they were allowed.

That’s not all. 

Institutional money is holding more cash (and less stonks) than anytime since the Covid-crash-lows.

This is exactly what a major multi-month bottom looks like.

Calling it.

Which brings me to crypto.

I’m noticing sentiment is turning bullish again. 

It’s *plausible* that the bottom might be in on bitcoin. (the bottom is NOT in)

And it’s true, stocks turning bullish gives a boost to crypto.

But the facts remain… bear markets in crypto end when people are literally contemplating suicide.

We haven’t been unscathed so far (my feelings are still quite hurt) but I haven’t had any existential crisis days where I wonder if I’m really cut out for this at all.

Logic tells me that our roadmap is still in play. 

We are in the closing stages of a bear market rally and we should see at least the first plausible target hit before we get scary again.

And the US Dollar is showing signs of reversal too which is a boost for risk on assets.

So bottom line… we are probably a couple of weeks from finding a bottom in crypto, and we are a few days into a very strong stock rally.

So how to play it?

I’d forgive you if you weren’t super-brave right now.

There’s a time to be bold… and this probably isn’t the time.

A safer play is to join our Crypto Salary Incubator, which is a roaring success on every level.

You can see our recent live replay here 

Enjoy your day

Scott