Risk Assets Smacked As Interest Rates And Covid Cases Increase
Image Source: Pexels
Since the mid December Fed meeting cryptocurrencies and other risk assets have not been able to get a bid. The recent release of the Fed Meeting Minutes has the market skittish and moving into value from growth assets. Investors are looking for security with many Nasdaq stocks trading 40 - 50% below their 2021 highs.
We are now seeing cryptocurrencies trading at levels near or below their 2021 lows. The sell off has speculators and investors wondering where we will start to see strong support and should this sell off or risk off moment be a bargain hunter's dream.
Our system continues to monitor for long entry levels in cryptocurrency markets.
We provide this information not as trade recommendations but to monitor and follow our performance. If you would like to have these trades before initiated please contact us for a trial to our software platform.
Watchlist:
|
Cryptocurrency |
Ticker |
Entry Price |
Target Price |
Stop Price |
Entry Date |
|
ATOM |
ATOM/USD |
$28.50 |
$36.80 |
$36.50 |
12/24/2021 |
|
LINK |
LINK/USD |
$21.22 |
$26.49 |
$19.50 |
12/24/2021 |
Although the top 3 cryptocurrencies are selling off we have found some upward moves to capitalize on.
|
Cryptocurrency |
Ticker |
Target Price |
Exit Price |
$Profit |
Exit Date |
|
ATOM |
ATOM/USD |
$36.80 |
$36.80 |
$8.30 |
01/06/2022 |
|
LINK |
LINK/USD |
$26.49 |
$26.49 |
$5.27 |
01/07/2022 |
Disclaimer: This post is not financial advice. We are providing our trade journal entries for entertainment.
Disclaimer: Trading is a risky activity. None of the information we provide is a ...
more
Comments
