Finally the stock market has seen a pull back and that came with cryptos taking a dive at the exact same time this is why I advised in my previous post to be cautious as we are seeing correlation in the crypto and stock market past 2 months. With a new fed chair taking control we need to watch and see what his plan is going forward we must watch the markets closely the next 2 weeks to see what direction they choose for cryptos and the market, currently its up.
The bond / debt market is not looking good and some entity is constantly still trying to stabilize the environment, cryptos and the stock market are up pretty big from their intial lows a couple weeks ago.
We are advising a cautious approach going forward with a neutral rating until we get more confirmation on both crypto and stock market stability.
please read previous posts that provide insight into the markets and how to analyze and trade around this.
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