ARE APPLE, TESLA, AND BITCOIN ENTERING A TECHNICAL ‘EXCESS PHASE TOP’? SHOULD YOU BE IN CASH RIGHT NOW? PART II

In the first part of this research series, I highlighted the broad market cycles and what technical analysts call the “Excess Phase Top” process, which usually takes place after the market’s peak and set up a downward price trend.  There are a number of technical setups that take place throughout this process.  Today, I will be exploring the charts of Tesla (TSLA), Apple (AAPL), and Bitcoin (BTC) to see where they are in the process.

The suggestion I am making by highlighting these market trends and setups is that a Cash Position is a viable allocation of capital away from risks and losses.  Many traders don’t view a cash position as a properly allocated use of capital.  We believe taking a cash position at the right times can and does provide very clear benefits, including:

  1. Eliminating risks of further losses/drawdowns.
  2. Setting up a process of protecting cash and waiting for a confirmed re-entry trigger.
  3. Avoiding the failure of buying into a declining market – which is one of the biggest faults of active traders.
  4. Using the Cash position as a hedge against shifting currency/market valuations.

“Chris and his team are providing investors with a great road map for the direction of the markets, which is why I am also a paid subscriber to TheTechnicalTraders services and encourage you to consider a subscription as well, The ideal service to supplement your other subscriptions as well as my CommonStockWarrants.com.”-Note from Dudley

ARE APPLE, TESLA, AND BITCOIN ENTERING A TECHNICAL ‘EXCESS PHASE TOP’? SHOULD YOU BE IN CASH RIGHT NOW? PART II


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