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Crypto update

Brian G
Nov 19, 2021
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Crypto update

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As bitcoin and small-caps (IWM) were in the process of breaking out several weeks ago, I tweeted:

Twitter avatar for @alphacharts
Brian G @alphacharts
The two charts with the most eyeballs on them: IWM and BTC. Mirite?
12:49 AM ∙ Oct 28, 2021
34Likes1Retweet

It’s no suprise that BTC and IWM are struggling to hold their breakouts. Here’s the BTC Weekly chart:

However, I am not selling just yet. Both ETH and SOL are at some big support levels:

While crypto is volatile and recently has been very weak, I am not worried about my position for 2 reasons:

  • I have a good amount of profit cushion (see post “getting good entries”)

  • My position is small. Most of my portfolio is in Big Tech, gold, and some in farmland.

Thanks for reading.


Important Disclaimer: This blog is for educational purposes only. I am not a financial advisor and nothing I post is investment advice. The securities I discuss are considered highly risky so do your own due diligence.

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