Market Update - February 14, 2024

Along the lines of what I said in my trade alert from Monday, now is not the time to strategize about buying. If anything, we need to strategize about selling.

But that’s not what you want to hear, and in any event, we don’t need to do that yet. We'll cross that bridge when we get there.

I updated my plan to allow for this potential sooner than expected.

(On that note, if you’re concerned about your cash position or worried you won’t ever make more of your government’s money, now’s a good time to trim your positions.)

What about altseason?

It’s a little too soon for that. First, we need to see the sign I told you about in last week’s update.

Whether altseason comes soon or in the future, you now have an easy, low-risk, high-reward trade on ETH. Read this update for instructions and entry/exit targets, plus these topics:

• Video

• A note for new subscribers

• The template

• Key prices

• Data and observations

• The problem with Wall Street’s 1-3% allocation

• Easy ETH/BTC trade setup for those with fresh cash

I strongly advise you to read the summary below and watch the video update! You miss too much when you get only one of them!

To speed up the video (shorten the playing time), tap the gear button at the bottom of the video. I circled it in this screenshot.

A playback speed of 1.5 should do ok for most of you.

The rest of this post is for premium readers only.