Market Watch For May 10-14, 2021 – A Raging Bull Market in Digital Assets

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Hope you had a good trading week.

Sure the SPY and DIA made new all-time highs but the eye-popping gains this week were in the digital/crypto-asset space.

Don’t look now but Ethereum is nearly $4000 and this past week more and more legacy/traditional financial institutions signaled their intent to dive into the digital asset space with product offerings and trading desks.

For those of us who have been active and trading in the crypto space, the mainstream adoption of Crypto has been a long time coming but now we’re seeing that the best and brightest on Wall Street are moving over to the crypto space because the real and potential opportunities and returns are undeniable.

Does all of this sound too bullish? Is all of this just late-cycle euphoria? Possibly or are we at the start of a major inter-generational shift in asset and financial paradigms?

Here are some of the ideas in this week’s video:

  • In a raging bull market, you don’t need to focus on direction – just timing
  • What is good trade location – a spot on the chart with good asymmetry between risk and reward
  • Why gold was the surprise outperformer this past week
  • Last bull market cycle alt-coins that I’m watching to test their all-time highs
  • All eyes on DOGE 🐕

 

Market Watch For May 10-14, 2021 – A Raging Bull Market in Digital Assets

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