The major crypto is struggling to recover from its recent more than 50% plunge with volatility falling dramatically, at MM we have no investable interest in this new asset class but if I was trading / punting I would looking for selling opportunities above the 40,000 area, and more importantly not bottom picking until further notice as we expect another foray under 30,000 in the next few months.
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Performance update for March, stocks that drove returns & our current positioning
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Friday 26th April – ASX200 -101pts, Newmont (NEM), Resmed (RMD) & Super Retail (SUL)
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Market Matters Research Lead Shawn Hickman with David Koch
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MM is neutral / bearish Bitcoin
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