Howdy traders, it’s Matt here.
There are a lot of factors pushing the crypto market higher right now.
- A New Year
- FTX asset retrieval
- New potential regulation
It’s all really exciting!
Especially because the patterns are exactly the same for tokens and stocks.
We’ve already seen solid trade opportunities in both markets.
For example … Greenidge Generation Holdings Inc. (NASDAQ: GREE), a Bitcoin mining company, is up +300% since the first day of trading in 2023.
Here’s a chart …
GREE chart 1-day candles Source: StocksToTrade
This is just the beginning.
I cover all the details in today’s letter …
How To Capitalize
Focus on the hottest setups.
I know that sounds a little arbitrary. We’re going to define it right here and now …
There’s a difference between capitalizing on a good setup, and hoping for the stock to go your way as you trade like a degenerate.
In case you were wondering, option A is the way to go.
Until you know how to recognize good plays from bad plays, it’s all about getting experience.
GREE’s been a solid play because …
- the float is low (only 16 million shares)
- it’s got a history of running
- Bitcoin’s rallying (it’s a bitcoin miner)
Another example … Gala (GALA).
This is a crypto token with a celebrity partnership; Dwyane ‘The Rock’ Johnson.
Celebrity partnerships are HUGE among sketchy assets.
The name brings notoriety and publicity. And all that attention translates to higher prices.
GALA just broke out after a period of consolidation extending the spike to +240% …
GALA chart 30-minute candles Source: BitcoinWisdom.io
Be honest with yourself when looking at the scans.
Is today a day to trade volatile tokens? Or is it a day to go golfing?
In 2022, there were a lot of golfing days. But the market’s on a bounce right now. And it’s time to get aggressive.
Like I said, popular trading patterns also work for crypto
Which is why you should attend the live tutorial on Wednesday, January 18 at 8 P.M. Eastern.
I already reserved my seat.
Sykes’s student Mark Croock will reveal his newest strategy and how he profits +100% in less than 24 hours.
I plan to use his pattern on stocks AND crypto coins.
Make sure to reserve a spot now before the queue fills up.
See you there.
