Wait… did Warren Buffett just have a change of heart about crypto? This is very BULLISH!
Broad market direction is the first indicator almost all experienced traders go to because it provides overall broad market sentiment.
These feelings from the trading community — both retail and institutional — dictate direction.
And the broad market direction right now is … directionless.
We can attribute this to 2023 highs, Thursday morning’s upcoming Consumer Price Index inflation report, or Santas that don’t rally…
It really doesn’t matter.
What does matter is direction after slumber. That direction will in turn cause traders and investors to “have feelings” — sentiment — of fear or greed or both.
This will drive action. We need to be ready — because it will soon arrive.
Nobody really knows where things will head next. Since the most recent Federal Open Market Committee rate announcement on Dec. 13, markets have been sideways but playing with the top.
Watch the performance of the strong and weak components of the market sectors closely.
Think and Win!
Celeste Lindman Trading
If you haven’t already, join my Telegram channel here for frequent trading insights, trade ideas and market musings!
*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk.
Remember how Warren Buffett famously picked at crypto, calling Bitcoin “rat poison”?
Warren may be “secretly” having a change of heart…
For me, this is a bullish signal. Here’s the thing, though…
Warren’s recent crypto investments may look like he’s slowly becoming “pro crypto”…
But you DON’T actually want to jump in head first and buy Bitcoin.
In fact, I think there’s a much safer approach…
One that has NOTHING to do with creating a crypto wallet or touching ANY risky coins for that matter.
Instead, it’s a way that could let regular folks like you and me target 10 times the possible results you’d expect from buying Bitcoin straight up… in just a fraction of the time