I don't really know what to make of the events we saw today in the crypto market. Bitfinex shot up rapidly to $7.8k shortly after the day crossed over to 10/15 on tradingview charts. It didn't hold that price and crashed quickly, but bitfinex has held a premium over other exchanges, as have all tether exchanges. As bitcoin rocketed, tether dropped hard, falling as low as 80 cents on some exchanges. The fundamental story being told is that this is a bad event for crypto that has shaken confidence. The technical analysis would tell us that we saw massive volume on a big green candle, which is very bullish. We're still well within the sideways accumulation zone though, so to me, it's all narrative being used to crate trading volatility.
Cannabis stocks rocketed today. Gti rose from the $15 area to over $19. Medmen shot up to a new all time high over $7. We saw gains across the market. This is such a ridiculously bullish market right now, and we've had Trump being exploring the options of federal rescheduling. That is going to drive these stock prices higher. All I can say is that I am only looking to increase exposure.
Happy trading ya'll!