Talking to one of my friends this morning about crypto falling – XRP broke out of its wedge to the downside. Coinbase shares are horrendously low despite industry pundits making claims it would rally up to $600, not today it won’t.
I am very excited about buying crypto at this price – the drivers here are tax and momentum concerns in the USA as far as I can see. Capital gains tax is really not helping stocks and there has been quite a sell-off. What will our day bring? Who knows, it’s Friday.
I know that I keep going on about not using leverage. But what do you do with those trades that are going against you. You have two choices, take the loss now or wait for it to come back, but it could be a while, months in fact, so that’s why I recommend investing small amounts in a lot of devices.
Be First to Comment