Crypto update

Brian G

Nov 19, 2021

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

Brian G @alphacharts

The two charts with the most eyeballs on them: IWM and BTC. Mirite?

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.