Today's "Pressure" On Cryptocurrencies Is Bearish For Stocks. By Gregory Mannarino
Cash making it's way either into or out of crypto's has proven to be a measure of risk, a leading indicator in fact, for stocks.
It seems that after the recent selloff in stocks, and what appeared as a V-shaped recovery, well stocks are stalling-and cash is also coming out of cryptocurrencies.
I view this as a short term bearish signal, one in which we can capitalize on!
By watching closely using a technical trading system, I believe that we can get darn close to entering a short position say against an index and take advantage of a new drop in stock prices.
Happy Trading!
Gregory Mannarino
$$$ RIP THIS MARKETS FACE OFF 100% FOR FREE. Click here: https://www.traderschoice.net/
Into Crypto's? The free charts on my website of Steem, Bitcoin, Ripple, Ether, and Litecoin, are all LIVE 24-7. Click here: https://www.traderschoice.net/
PLEASE PAY IT FORWARD. What good deed will you do today!
Live with purpose, make a difference.
Live with purpose, make a difference. very motivational quote..
Thanks for update Robinhood....
Upvoted and resteem
thank you for the information @marketreport
Oh this is not good news at all :(
$$ Greg "The Man" Mannarino $$
upvoted and resteemed! @marketreport
Thank You Robin Hood
upvote and resteem don greg sir
What system is "technical trading system" @marketreport ??
Any of yours or whats the ref here??
Use what you are comfortable with. I happen to like my RIP System, or Evo System (no longer available), however there are others.
I use all 3 of your systems .. i.e EVO, RIP and also the compression&expansion ...swapping between them.
Edit: lol, i was misreading .. I thought it said "the" technical system.. Not "a".
All well.. Understand now .. Hahah @marketreport
nice greg for share this new updates on market like always
upvote and resteemd
Resteemed!
upvoted and resteem!