I don’t think I’ve felt so exhausted all year…
This morning I got up at 4:30 to make it to a 7AM flight.
It was a four hour flight into Vegas, and I went straight out of the airport to the W3BX conference to speak on a panel.
W3BX Panel
I’m bullish on the space, and I’ve got some longer term thoughts I’ll share with you after the conference is over.
But I do want to tell you– the conference has a LOT fewer people than who signed up. Probably because the bear markets in everything made it a little harder for some folks to come in.
And when I see this, my contrarian hat gets put on. Now is the time to start looking for opportunities.
Now there’s a lot of companies with new ideas, and there are a ton of Venture Capital investors here (but they’re not being showy about it, because they want to get some good deals)
For me… my profit is going to come not in early stage investing but from trading liquid assets.
And our Trading Roadmap works great on crypto assets.
Let me share with you one project I’m bullish long term on… it’s the “Ethereum Name Service” or ENS.
Here’s a chart of ENS against the dollar.
ENS Chart
Yeah it got hit in 2022, but it’s making higher highs and higher lows while Bitcoin and Ethereum are getting crushed.
It’s developed a new point of control right around 15 bucks, so if the stock continues to hold above that, the higher the odds of a bull market starting.
You can also check out the AVWAP from all time highs:
ENS Chart
See how the stock has interacted with this level 3 times now?
If it clears, it means the average investor is now at a profit, and no longer has an incentive to sell.
Which means, things could get awfully spicy for this “rare bird” very soon.
If you want to know more about how to trade cryptos, currencies and stocks using our Trading Roadmap…
Original Post Can be Found Here