Bitcoin Holds Its Ground While Craig Hunts for Cleaner Trends
Bitcoin spent last week consolidating after its huge move higher, and Craig sees the lack of a major snapback as a positive sign. The weekly candle finished essentially flat, even after selling following Warsh’s Jackson Hole comments, leaving Bitcoin surprisingly strong but too messy for Craig to trade right now. Instead of forcing a position, he’s waiting for Bitcoin to establish cleaner trend and cyclicity before getting involved again.
While Bitcoin sorts itself out, Craig is searching deeper in the market for the structures he prefers: strong trends, clean pullbacks, good cyclicity, and…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.