♟ Bitcoin or Sh#tcoin?

Crypto is in a precarious spot right now...‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

"Based on the chart of Bitcoin, it is in serious trouble if it falls below $27,000..." Karim Rahemtulla, Head Fundamental Tactician, Monument Traders Alliance It's estimated that over 40% of Bitcoin owners are underwater in a study by Glassnode. They are the ones who loaded up in November of last year. But that pales in comparison to the nearly 100% of stablecoin holders who were holding Terra. This infamous "stablecoin" was anything but, and it plunged to almost zero before it was suspended. This leads me to the remaining cryptos - thousands of tokens, many more remaining "stablecoins" and those coins paying you double-digit interest rates. If you've been around for a while, you know that things that are too good to be true often are. This is no different. A ton of money printed by the government flooded the crypto market, and the same gamblers who thought GameStop was worth $400 were plowing their cash into cryptos. Sub-$2 Blue Chip Could Be 2022's Top Performer!?! The question many investors are asking is pretty simple... With overvalued stocks collapsing, what stock can I actually buy that still has a chance to go up? Where are the BIG gains going to come from next? A sub-$2 stock I'm calling The Last Great Value Stock could be it. Click here to see how to unlock this pick - trading for less than $2. Then, shady operators seeing all the interest created even more "sh#tcoins" out of thin air. Even a fake coin that the creator called a satire on cryptos, Dogecoin, went ballistic. And Elon Musk, the "god" of everything, pontificated his support of Dogecoin just before calling it "a hustle" on a Saturday Night Live appearance in May 2021. Dogecoin has since fallen from $0.64 to less than $0.10 and is likely worth even less if the coin's creator is to be believed! So let's get back to Bitcoin - the big kahuna. I have owned some Bitcoin in the past and traded in and out of it profitably, even though I probably know as much about it as those who claim to know more. What I do know is that the asset looks very precarious on a chart, and that is what I want to share with you. Based on the chart of Bitcoin, it is in serious trouble if it falls below $27,000. It is above $28,800 right now after dropping to just over $28,000. How precarious, you might ask? Well, a sustained break under $27,000 could take it down to... wait for it... $10,000 or thereabouts. Of course, it will take time - or maybe it won't. And that's where I will be waiting to buy in again. YOUR ACTION PLAN So if you are a holder, hodler or trader of crypto, it's time to check your position size, as the last thing you want is to join the 40% who are already down. This Could Be the Perfect Electric Vehicle... Stock? 1,080-horsepower engine Zero-to-60 time of 2.5 seconds Fastest charging time in the world Longest range in the world Yet few people have heard of the startup that created it! Find out why its stock could help fund your retirement starting today. FUN FACT FRIDAY The tech sell-off has been rough. As a result, fund managers haven't been this underweight tech since 2006. And while most tech investors are crying, we are ringing the register in The War Room. We've hit five double-digit wins for an 83% win rate using a unique inverse exchange-traded fund. And using our leveraged strategy, we are capturing 10X returns when tech stocks tank. If you want to start winning when markets drop, unlock The War Room here. INSIGHTS YOU MAY HAVE MISSED These Sectors Are Screaming "BUY ME!" Grab This High-Quality "Safe Haven" Stock Trash or Stash Peloton? What Business Never Slows During a Recession? Follow Us on Instagram! FACEBOOK TWITTER   Monument Traders Alliance   You are receiving this email because you subscribed to Trade of the Day. To unsubscribe from Trade of the Day, click here. Questions? Check out our FAQs. Trying to reach us? Contact us here. Please do not reply to this email as it goes to an unmonitored inbox. To cancel by mail or for any other subscription issues, write us at: Trade of the Day | 16 West Madison Street | Baltimore, MD 21201 North America: 1.800.507.1399 | International: +1.443.353.4977 Website | Privacy Policy Keep the emails you value from falling into your spam folder. Whitelist Trade of the Day. © 2022 Monument Traders Alliance, LLC | All Rights Reserved Nothing published by Monument Traders Alliance should be considered personalized investment advice. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized investment advice. We expressly forbid our writers from having a financial interest in their own securities recommendations to readers. All of our employees and agents must wait 24 hours after online publication or 72 hours after the mailing of printed-only publication prior to following an initial recommendation. Any investments recommended by Monument Traders Alliance should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company.