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Bitcoin down two standard deviations below 50-DMA

Bitcoin down two standard deviations below 50-DMA

FromThe Real Investment Show Podcast


Bitcoin down two standard deviations below 50-DMA

FromThe Real Investment Show Podcast

ratings:
Length:
4 minutes
Released:
Dec 14, 2021
Format:
Podcast episode

Description

(12/14/21) Market trading could get sloppy with the Fed on deck tomorrow to talk about monetary tapering...and options expirations on Friday spurring traders to reposition. The 20-DMA is just below where markets are sitting. Bollinger Bands are not too far above current highs. Markets are oversold, so working that off could set up for a rally into the year's end. Interestingly, while the major markets have been holding onto all-time highs, in the cryptospace, that's not been the case. Bitcoin is down two standard deviations below its 50-DMA, and is very oversold. Money flows do suggest there could be a bit of a rally in Bitcoin into the end of the year, but that tends to be a risk-on, risk-off asset, so when markets rally, Bitcoin goes along for the ride. ARKK Fund has been under pressure this year--now down about 20%, while the top ten stocks in the market have been up substantially...and example of how those stocks are not necessarily representative of the whole of the market. We're thinking any rally will be concentrated in these few, larger cap companies than in the whole--so be careful where your money is being placed. - Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts -------- Get more info & commentary: https://realinvestmentadvice.com/news... -------- Watch the video version of this report by subscribing to our YouTube channel: https://www.youtube.com/watch?v=XUeQ2i-8bTs&list=PLVT8LcWPeAujOhIFDH3jRhuLDpscQaq16&index=1 -------- Visit our Site: www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to RIA Pro: https://riapro.net/home -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestme... https://www.linkedin.com/in/realinves... #MarketRally #SloppyTrading #FedMeeting #InterestRates #FedTaper #ARKK #BitCoin #Bonds #Markets #Money #Investing
Released:
Dec 14, 2021
Format:
Podcast episode

Titles in the series (100)

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