Crypto Bounce

by | Jan 15, 2023 | Crypto

Howdy traders, it’s Matt here.

There are a lot of factors pushing the crypto market higher right now.

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.

Here are the details.

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.

Here’s the link.

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.

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