Gap-and-Go!

It is time to start thinking about crypto names again. They have had a rough time after the multiple Crypto ETFs gained approval.

Bitcoin seems to be on a rebound, at least in the short term. Crypto related equities like MARA and RIOT had very bullish days today.

COIN experienced a gap up over night followed by strong bullishness during intraday trading. This is what I call a "gap-and-go."

When I see a gap-and-go on the chart of a great stock after a substantial selloff occurs, then I am thinking that there might be a potential rebound in the mix.

I think it would be a good idea to keep an eye on the crypto names. I think there might be a potential rebound soon. As long as the major cryptocurrencis are traveling up, then most crypto equities should rise with the tide. As for COIN, you would want to see price action climb above previous lows before any uptrend to potentially gain confirmation.

As always, I am not a financial professional, and this is not investment advice. Be careful and be patient. Dont anticipate the market. Rather, participate in the market. Don't invest money that you can't afford to lose. Give some of your investments time and know when to cut your losses.

Don't be greedy. Don't invest in anything you don't understand. Don't put all of your eggs in one basket. Don't listen to the hype. Don't fomo or panic into or out of trades. Do your own due diligence. And just follow the trends. A trend is your friend. Good luck trading.