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- Weekly Rundown - September 29, 2024
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Did you get my market update for September 24, 2024?
News of China’s latest round of stimulus doesn’t change anything I said in that update. This week, I’ll talk about some interesting developments, look at altcoins, and lay out a little “strategery.”
Speaking of altcoins, get my latest altcoin report.
Look for more goodies in the coming months.
Scroll down for a poll and some content you may enjoy. You can reply to this email to contact me directly. Or, use this button to leave a comment at the bottom of any post.
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Poll
Look at this chart, then answer the question below.
What’s Bitcoin’s most likely path from now until the end of the year?Choose only one |
A trade worth taking?
In 52 Trades in 52 Weeks, Sankalp Shangari posted a structured trade on DRIFT, a perpetual swaps exchange on Solana.
His trade recommendations have a pretty good track record and the DRIFT platform has a lot going for it. I mentioned DRIFT in the June monthly post, What Will Save Crypto?
Mark, in that post, you said not to buy DRIFT tokens!
Yes. As an investment, the structure of the DRIFT token doesn't fit what I'm looking for.
For trading, that doesn’t matter. You’re not trying to build and grow a portfolio, you’re trying to make more of your government’s money. When trading, crypto is a tool, not an investment.
DRIFT is solid and 52 Weeks… consistently delivers low-risk trading opportunities. Whenever one catches my eye, I’ll pass it along.
Some say Q4 is about to get crazy. China’s stimulating its economy again. Both US presidential candidates are saying nice things about crypto.
What does it mean?
Milkroad summarizes it all in 23 minutes. Watch its latest podcast, BIG Catalysts Coming: China's $500B Stimulus, Democratic Pivot & New SEC Boss?
Always nice to hear the viewpoints of Canadians talking about US politics and Chinese economic policy.
Relax and enjoy the ride!
Do you want to consult with me or just chat? Schedule time on Tealfeed!
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