Crypto's Surge Has Yet to Reverse the Down Trend

Hey Guys and Gals, After witnessing a slow and rather stealthy drip lower during the first half of the month, popular cryptocurrencies like Bitcoin and Ethereum finished July strong, rallying 33% and 37% off their respective monthly lows to finish July in the green. While July's 2nd half crypto rally was ignited by high-profile comments made by Elon Musk, Jack Dorsey, and Cathie Wood at the livestream The B Word crypto conference on 07/21, the fact of the matter is there were several technical developments pointing to a potential rally even before this event occurred. During the seemingly endless journey toward becoming the best traders we can be, one of the most rewarding skills we can learn is how to identify positive technical developments in an otherwise negative tape. Today, I'm going to walk you through just what those positive technical developments were. In the process, I'm going to introduce you to an amazing free source of government-provided data that was part of this analysis. Finally, I'll reveal whether the downtrends that have been in place in this sector since the early part of Q2 have reversed or not. Click here to continue reading…

Jason Bond

P.S. I'm using a brand new tool to help me find oversold stocks. I believe it's a game changer. If you missed my last training, watch the replay here.

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