Market Update - February 15, 2023

Getting antsy?

After I recorded this update, bitcoin’s price started zooming to that super-key 200-week moving average. Will get that short squeeze I’ve warned about? Or that crash everybody’s expecting?

I still see only two realistic scenarios. I’ll talk about those in this update, along with these topics:

• The chart you need to etch into your brain

• No crypto. Buy now?

• Not many sellers but plenty of concerns

• Artificial pump? Maybe, but that might be enough

• My latest altcoin buy

Scroll down for a TL;DW summary or watch the video below. I strongly advise watching the full update for nuance, perspective, background, and the best results, but I realize you may not have much time to spare.

To speed up the video (shorten the playing time), tap the circled gear button at the bottom-right corner of the video: