MM76 - Make a Plan

Today I want to talk a little more about technical analysis and what I am seeing in the market. This is not financial advice. I am not a trading advisor and I am not a CPA. I want to focus on the debasement bucket, which for me is Bitcoin, Solana, gold, GDX, and silver. I will just touch on a few of them.

Here is the theme, because so many of you are telling me the same thing: I do not own enough Solana, and I did not buy enough Bitcoin. In some ways I agree with you, and in some ways I do not, and I want to walk the charts so you can see exactly why.

Let's start with Solana, and I am starting here for a reason. It is by far the strongest of all of these markets. It broke out through its prior resistance up at 100, ran all the way to 111, and now it is coming back to retest that 100 level. Do I think it holds? I honestly am not sure. But here is what I do know: a 50 percent rally is the market saying, look at me, pay attention. So I am doing something I have not done in a while and focusing on Solana, because it hit a positive 3.25 on mean reversion, it has already worked back to neutral, and it has only pulled back to $100.

And if you are sitting there feeling like you missed it, I want to be very clear: you did not miss anything. This was simply the wake up call. This is the exact point where you are supposed to start paying attention, and that point is now. So what would I actually do here? Let me show you the pyramid, and then the one chart that tells me every level below is still in play.