Bitcoin is still crashing and there is no reason to be owning it at this point.
If you are still buying it, you are likely doing so in hopes of it recapturing its old glory.
That’s not happening. That train has left the station.
Instead, heed my words – I have been saying since January 18th, when I started tracking the crypto closely, how the entire chart screamed “SELL!”.
For my timely words of advice, I was mocked, scorned and laughed at in the social media world. I’ll be honest though, I pretty much expected it, when I was going against a blind, permabull crowd.
Here are my three previous posts on Bitcoin:
Nonetheless, here is my updated Bitcoin Chart. I really didn’t even need to update anything, but the chart itself. My projection remains firmly intact.
Welcome to Swing Trading the Stock Market Podcast!
I want you to become a better trader, and you know what? You absolutely can!
Commit these three rules to memory and to your trading:
#1: Manage the RISK ALWAYS!
#2: Keep the Losses Small
#3: Do #1 & #2 and the profits will take care of themselves.
That’s right, successful swing-trading is about managing the risk, and with Swing Trading the Stock Market podcast, I encourage you to email me (ryan@shareplanner.com) your questions, and there’s a good chance I’ll make a future podcast out of your stock market related question.
In today's episode, Ryan answers the questions of one listener ranging from his transition from paper trading to live trading, and swing trading to day trading. Also addressed is his approach to trading, specifically Fibonacci retracement levels and why Ryan prefers Pivot Points instead.
Be sure to check out my Swing-Trading offering through SharePlanner that goes hand-in-hand with my podcast, offering all of the research, charts and technical analysis on the stock market and individual stocks, not to mention my personal watch-lists, reviews and regular updates on the most popular stocks, including the all-important big tech stocks. Check it out now at: https://www.shareplanner.com/premium-plans
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*Disclaimer: Ryan Mallory is not a financial adviser and this podcast is for entertainment purposes only. Consult your financial adviser before making any decisions.
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