Episode Details
Title | The Stock Market & Crypto Are Turning | Weekly Roundup |
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Date | 7/20/2024 |
Podcast | On The Margin ↗ |
Key Insights
Bullish:
- 🟢 $BTC - Multiple speakers express strong bullish sentiment on Bitcoin, citing ETF flows, breakout patterns, and the beginning of a new liquidity cycle.
- “ETF flows just keep slowly, you know, grinding higher... this is just, you know, just keeps slowly grinding up higher even though, like, price isn't hitting new highs.” - Quinn (0:00)
- “I think that's what people are feeling at the moment... crypto conference sentiment is a very high signal contra indicator... that's usually a pretty good time, to be looking closer.” - Mike (0:00)
- “Bitcoin ain't down. I'm just looking right now. It just hit a new, it's breaking out onto the next leg higher now. 66,285.” - Quinn (0:00)
- “I think Bitcoin might be actually sniffing out the beginning of the next liquidity cycle.” - Tyler (0:00)
- “I think pointing to, like, the ETF, the ETF is being this is going to play out exactly the same way as the Bitcoin ETF is probably wrong, and people are bearish as it not having any interest when every fact pattern into the run up has been different.” - Felix (0:00)
- “The golden catch up trade. I've been yelling. That's my new slogan over the last recent weeks.” - Quinn (0:00)
- 🟢 $IWM - 🔒
- 🟢 $XLE - 🔒
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