What Can We Be Certain Of?
With so much uncertainty in the air, what exactly can we be certain of? Well, markets will be markets, opportunities will remain, fear will be high and those that know what to do will do exceptionally well.
I don’t want anyone to go without and I want to help as many people as I can, it’s always been my driving force, so ask if you need it.
This video today covers some options and angles for us all.
We’re in it together so let’s embrace it!
Learn To Trade Now: https://tradercobb.com/bundles/
Good everybody hope you had a good weekend. I didn’t turn the computer on at all. Didn’t do any trading, didn’t do anything, it was awesome, for the weekend that is. And look, I wanted to go through a couple of things with you now. You know, where are we at?
Where do we go to. Last week I was talking about some scenarios that I thought might play out given the Bitcoin at the time, if you recall. Let me jump back to him. We were we were up here and as the markets were tumbling heavily, we were okay. Until of course, I said that.
And then like, pay presto, rub the magic genie except for going up and we went down. We tanked like 40 odd percent. It was carnage. And since then it’s been a bit of a mess. Couple things I want to point out; one is perspective. We went from a low to where we are now which is another 45%.
All right. So, yes, this market is extraordinarily volatile. That’s why I’m here. That is why I’m here. The rest of the world right now is very volatile as well. I do well in volatile markets. Look at that. That is the ASX right now, down only 10% today, we’re talking about some big moves again. And I think stocks will probably go a lot deeper. Main reason is that, we’ve never had to deal with this sort of thing, we’ve never had to deal with a pandemic.
We’ve got serious issues within the markets at the moment. We knew that, you know, 12 years of bull markets don’t last forever. You know, this is the Australian market since the GFC. This was back, sorry that’s the weekly when we get the monthly up. Let me get that. Have a look back here. Here was the GFC wooshka. We’ve only just got back there.
You know, we’ve only just broken through those highs and we’re coming off again. Keep in mind, we didn’t have this thing called quantitative easing. Let me show you what that looks like on a chart. Boom. This is quantitative easing. Let’s print money. That’s the move that the US got. So, you know, quite feasibly, could we see a pullback of 50% Yeah, absolutely. certainly could.
No doubt in my mind. Not saying that it’s going to happen. That’s not my objective here. I’m saying is there potential for it to occur? The answer is yes. So where does that leave us?
WHere does that leave us? Well, a couple things I wanted to speak to you about number one, of course, we have seen Bitcoin come off quite significantly here. Let’s just jump across here and go back to this daily.
So it came up quite significantly. So what do we do? Well, at the moment I haven’t moved anything, I’ve not done anything in the way of hedging. I didn’t get this little cradle that set up up here. That was a little cradle trailer back in the cradle zone. Bearish candle.
Good move. I didn’t take that. Now. I haven’t got any shorts across the board at all, when it comes to crypto, nothing at all. I am keeping an eye on it. There are some options out there available which I might Oh dear, I might be getting very close. I’m getting very close to right now. So I’ll make this relatively quick. The one of the things I want to point out to you guys, that you might not be aware of. Now, if you’re in crypto and you’re not quite sure what you’re going to do.
You might not want to go on a Tether because you might be bit nervous as well. You might be thinking, Well, is Tether gonna go up, no, it’s gonna probably stay still. What are some of the things that you can look at? Now I have been looking around. I have been looking around I’m looking at the FTX pairs. You know, it’s not just FTX but I do like to trade with FTX.
Check this out. This is Tether Gold. Right? So this is gold pretty much $1552. Let’s have a look at the actual gold contract over here non crypto list. $1552. Yeah, more or less. And this is a delayed chart. By the way, the one I’ve got here, it’s delayed by I think 20 minutes on the delay. Okay.
So, yeah, it’s the gold chart. Now if I can look at this and go well, I know, gold’s come off a little bit. But it’s not come off anywhere near as heavily as some of the other markets and if you do if you do feel like gold might be a place where you might feel a little more comfortable to hold some of your tokens Bitcoin, whatever it might be, then I strongly suggest that you start to look at those options. Now FTX isn’t the only option available there by the way.
It’s available in other places as well. I just know that because I trade with FTX, it’s more than likely going to be where I’ll be looking at this contract. But again, I’m more than happy to look for short trades something to consider is this as well.
As we get closer and closer to what appears to be somewhat of a shut down, or quarantine or I don’t know, whatever, whatever is happening. Seems change hour by hour at the moment. One thing we can be quite certain of, is we’re gonna have a hell of a lot more time at home.
What are you gonna do? Yep, you’re gonna be working more than likely. But it’s, you know, I know I’m not trying to make this sound funny or anything if you’ve got time, come to the markets guys learn about what this is. Learn about what this is, you know, this is a recession proof tool. When the markets go up or down, we’re gonna get volatility.
That’s that’s just the reality of it. And it’s something that you know, once you know what you’re doing, you don’t have to be scared of it like it’s it’s not something to be feared. It’s something to be embraced.
You’ve got to know what it is that you’re doing. So I wanted to two things I wanted to give you the opportunity to start to think outside. If you’re not quite sure what you’re going to do with your Bitcoin with crypto and whatnot, I want to challenge you to think of other things that you can be putting your money into.
Now, of course, you can move it straight back to cash, that’s a given we know that. We can move into Tether we already know that. We can move into these gold contracts and they can be spot or they can be margin. Spot, probably the safer place if you’re not trading at the moment, there’s a link below if you want to use that to get 10% of your trading fees as well. I recommend you do that if you’re going to use FTX because why wouldn’t you want 10% off.
And the other one is to say that, you know, stop comparing. You gonna have time at home. Perhaps this is the perfect time for you to get stuck in. It’s up to you guys, but I want to be here to help as much as possible.
I’m not going anywhere. Sorry, it’s breaking. I’m not going anywhere at all. I’ll be here I’ll be trading I’ll be doing what I do every day anyway. And if I can be of any service to you, please do let me know. Guys have a great day. Stay safe and let’s go through it together. Cheese bye for now.
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