So, what's up? Not only about Bitcoin...

So, I thought that I'd use one of those really generic and pretty much meaningless titles for this piece because they sound so mysterious that I am sure this article will soon become the most favorited work of mine on the entire site if not the Internet. Or so I hope, which is perhaps a big load of wishful thinking, but what the heck!

Indeed, what's up? As of, say, mid September 2022. And I must add, an obligatory "OMG, I can't believe it's September already, I thought it was more like March! What the hell is going on with this time? It's definitely not what it used to be!!"

Well, first of all, our dear departed, dearly beloved for all the fun that it has been providing us over the recent years, and that is Bitcoin, is not doing too well, but that is somewhat typical of most (if not all) dead. So, it's really more down than up, but let's not quibble too much. 

As I just tweeted (see the thing below), it's weekly chart does not inspire too much confidence in its upside, but it does look quite nice otherwise with its very clear, pretty much classic, head and shoulders formation, indicating a recent completion of a prolonged move up that Bitcoin had experienced over the many months not so long ago. I have not been following this market too closely ever since it disappointed me in its failed rally (in early June), but since it did, I came to the conclusion that it's really weaker than I was thinking. 

But, I think that now with a pretty strong dollar and a technically ugly looking chart, Bitcoin may revisit the levels of 10-12K USD, which is about as close (currently around 19K) as to its closest upside resistance at around 25K. It is at 10K, provided it stays stable, that Bitcoin can perhaps eventually start playing the role it has been designed for - that is, of digital currency. Let's hope this happens for otherwise it may disappear from the market altogether.

However, I still have no position in it, and not interested in getting into it at this point. Perhaps this will change @10K, but we'll see it then. 

But I am writing this not because of Bitcoin. Not only, that is. Rather because of other great trading or investing opportunities. Such as the stocks or e-mini futures, two of the markets that I have quite a bit of experience in, decades as of now, so I think I know what I am talking about. 

With this recent decline in stocks (the S&P 500 has technically entered the bear market stage several weeks ago), there is now a growing number of opportunities to pick up really good bargains. My original stock trading method - Easy Money in Stocks - based on market fundamentals rather than technical indicators - the latter more often used for trading methods these days, it seems - can truly help you in that. And it's a real bargain at this point, too.

And, of course, there is KING, a comprehensive day trading course that does not require much marketing these days after being on the market for nearly 15 years and being used by many traders out there with a great deal of success. If you are interested in starting day trading e-mini futures, this is a good course to get. Also, temporarily selling at a discount, but only until next year. New things coming for it by end of this one.

Posted on September 19th, 2022.

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Last updated on September 19th, 2022.