Hey, I'm here again! Yes, the crazy dude who writes stuff on the internet!
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The week has started with the markets on the rise and I have been caught with the money without investing. I had been playing for a few weeks with operations that I closed with minimal profits to have liquidity. As soon as they turned green, I set a stop loss to ensure the rotation. This Monday I was waiting for that downward rebound to buy cheap but as you know everything went up.
Bitcoin is above $23,500 right now so we have seen a major recovery in the mini-portfolio. If he manages to break the 50-day moving average, it can look for $26,000.
Before I was left out I was able to close a few small trades in the green and now we are up 23% from the start.
We will have to be very attentive to the macroeconomic news these weeks since several key scenarios can be given to know if this is going to continue or, on the contrary, if it is going to worsen to the point of the drama that some raise.
The fact that the FED raises 100 interest points instead of 75 could affect it, but it is more likely that they will remain at 75 due to that "soft landing" that they intend to make. Oil holding up or even continuing to decline will be great news for the markets if it happens. That the recession is not as serious as expected would also help the markets improve.
On the contrary, if the reverse scenarios materialize, we will once again have falling prices. So please, Do Your Own Research because I'm not Merlín and I had no magic powers.
- All screenshots are taken from my eToro account -
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