Daily Alert – Wednesday 6th March 2024: My first ever crypto trade!

Mark NugentDaily Alert, March 2024

Daily Alert – Wednesday 6th March 2024: My first ever crypto trade!

Good afternoon.

Some minor stuff going on today. ADP Employment Change in the US missed to the downside. It was noted but no one is worried. Retail Sales in the eurozone missed to the upside but showed a contraction. The Bank of Canada kept rates at 5.0% and were cautious about inflation, making them essentially hawkish (a “hawkish hold”) like their other central bank chums.

With no fanfare but great excitement, I made my first ever crypto trade. I went long on bitcoin after a short pullback turned bullish. Is the crypto rise driven by fundamentals or FOMO? The fact is it is probably both.

I also took Japan225 long on a pending order. Both trades are doing nicely. How exciting.

I’ll be back tomorrow.

VIP Club members can see today’s video, all brief trading videos, the Monthly and YTD Performance videos, the Trading Video Course and download the MTM Indicators software HERE