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Dear Reader,
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We’re still waiting for your response…
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Your invitation to join Crypto Trader is still available.
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But this offer closes tomorrow at midnight. After that, the price goes way up.
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Don’t let this deal slip away.
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Here’s everything you get when you accept Big T’s invitation to join Crypto Trader today:
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A $3,050 DISCOUNT on Tony Barassi’s short-term trading research. (Full retail price is $5,000.)
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Tony’s new special report, The Next Money Line Opportunity
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Buy and sell crypto alerts, 2–4 trade recommendations a month.
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The Crypto Trader Manifesto, your starting guide.
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The Crypto Compass video course.
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Access to the members-only website and model portfolio.
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Since June, Tony’s strategy has delivered a 513% total return across all 30 of his trades. That’s 99 times more than the stock market and about 15 times more than bitcoin.
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Ready to join now?
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Get your discount and Tony’s special report before the price goes WAY up.
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Regards,
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Tiwari Research Group Member Services
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In case you missed it, here’s Big T’s Digital Asset Daily
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Everyone Is Watching Washington. I’m Watching $80,000
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Friends, if you tried to trade this election by reading the political headlines, bitcoin has already taken you on one heck of a ride.
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On election night, bitcoin fell into the mid-$75,000s. On Wednesday, it had ripped more than $5,000 higher and traded above $81,000.
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Hundreds of millions of dollars in short positions were wiped out as traders who bet on lower prices scrambled to get out.
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Then the market snapped the other way.
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On Thursday, bitcoin fell from about $78,767 to about $75,986 in an hour.
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Think about the whipsaw traders just lived through.
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First, bitcoin ripped higher and forced short sellers out of their positions. Then, within about a day, the market reversed and traders betting on higher prices were suddenly the ones under pressure.
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Both sides got caught.
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That’s a massive amount of movement in a very short period of time. And it’s the kind of volatility that can create enormous trading opportunities if you know how to navigate it.
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If you joined me Wednesday night, you know this kind of market is exactly why I made one of the biggest changes of my career.
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I’ve handed the short-term trading side of crypto to someone on my team — and below, I’ll show you why I chose him.
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Washington Divided. Bitcoin Still Trading.
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Democrats won control of both the House and Senate this week. When the new Congress takes office in January, Washington will be divided between a Democratic Congress and a Republican White House.
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You’re going to hear plenty of people argue about what that means for bitcoin.
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Some will say a Democratic Congress is bad for crypto. Others will say a divided government could slow down the kind of legislation either side wants to push through.
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Michael Saylor sees something bigger happening.
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Saylor is the founder and executive chairman of Strategy, the public company that built its treasury around bitcoin. Strategy now holds nearly 849,000 bitcoin, worth tens of billions of dollars.
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Few corporate leaders have put more money, reputation and time behind the case for bitcoin than he has. So when he talks about how bitcoin is being adopted by companies, institutions and governments, I pay attention.
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This week, Saylor pointed to something most people missed in the election results — Florida elected a Republican governor who backed a U.S. bitcoin reserve. Texas elected a Democratic senator who supported creating one for his state.
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These politicians come from opposite sides of the aisle, but both are embracing bitcoin.
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Saylor’s point was simple: the case for owning bitcoin is crossing party lines. That’s the more important long-term story.
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Washington will spend the next two years fighting over policy. Bitcoin is going to keep trading through all of it.
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The $74,000 Level Did Its Job
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Last Friday, after the Binance hack, I told you I was watching the area around $74,000.
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The biggest crypto hack on record had just hit the market. I said that if bitcoin could absorb a shock that large and hold that area, it would tell me a lot about the strength underneath this market.
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Election night gave us another test.
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Bitcoin dropped to roughly $75,600. It came close, but it never broke the level I was watching.
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Then came the reversal.
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Bitcoin surged above $81,000 on Wednesday. CoinGlass data showed about $468.5 million in crypto short positions were liquidated over 24 hours.
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Bitcoin alone accounted for roughly $267 million in liquidations, and most of those traders had been betting on lower prices.
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For a few hours, the shorts were getting run over. Then the market turned again.
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$80,000 Is the Battleground Now
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On Thursday morning, bitcoin had fallen back below $80,000.
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And bitcoin wasn’t falling alone.
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By the close Thursday, the Nasdaq had plunged 5.5% into correction territory, the S&P 500 had dropped 4.4%, and the Dow had lost more than 1,800 points.
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Money was coming out of risk assets across the board, with technology and crypto taking some of the hardest hits.
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Those are exactly the parts of the market where crowded trades can unwind fast.
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That’s why I’m watching $80,000 so closely now.
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Two widely followed short-term trend lines sit almost directly on top of that number. Bitcoin’s 20-day exponential moving average (EMA) was around $80,000 this week. Its 50-day average was in nearly the same place.
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You don’t need to be a chart technician to understand what that means.
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A lot of traders are watching the same area. When bitcoin pushed above it Wednesday, shorts were forced out. When it slipped back under it Thursday, sellers took control again.
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That’s the kind of volatility that can punish anyone who thinks the headline tells them which way the trade has to go.
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This Week Showed You Why I Made the Change
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On Wednesday night, I told you I’ve handed the short-term crypto trading side of our research to someone on my team.
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This week is a perfect example of why.
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If you woke up Wednesday and decided the Democratic sweep had to be bearish for bitcoin, the rally above $81,000 punished that view fast.
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If you saw that rally and assumed the coast was clear, Thursday gave you another lesson.
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The election result was clear, but the trade was anything but.
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The person I’ve put in charge of these short-term moves spends less time arguing about what a headline should mean and more time watching what the market actually does after the headline hits.
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That’s where his edge comes from.
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He’s watching where buyers step in, where sellers take control, and where traders get trapped on the wrong side.
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That’s the job I want him focused on.
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Keep Your Eyes on $80,000
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At the 30,000-foot level, I still like what I’m seeing over the long term.
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In just over a week, bitcoin has had to absorb the Binance hack and a violent post-election swing. And while all of that was happening, politicians from both parties were making the case for owning bitcoin.
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But the short-term tape is sending a very different message. This market is moving fast, and traders are getting punished in both directions.
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That’s why I separated the two jobs.
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I’ll keep focusing on where bitcoin is going over the long term — adoption, capital flows and the big trends that can create life-changing wealth.
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I’ve handed these violent short-term trading windows to someone who spent more than six years inside a major Wall Street trading firm, trading millions of dollars of the firm’s own capital.
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In his final year there, he generated more than $4 million in trading profits and became one of the desk’s top traders.
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I’ve spent months watching how he reads these markets, manages risk and reacts when prices start moving fast. That’s the skill set I want working for you in a market like this.
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And if you joined me Wednesday night, you saw what that means in practice.
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He shared details about three new short-term crypto recommendations built for the kind of volatility we’re seeing right now.
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I also gave everyone who joined me a free bonus report on the No. 1 cryptocurrency I want you to own for the long term.
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So you’re getting both sides of the opportunity: three trades aimed at the volatility happening now, plus the crypto I want to own for the much bigger move I see ahead.
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If you missed the broadcast, you can watch the replay right here.
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For now, keep your eyes on $80,000.
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That level has already trapped traders on both sides this week. And after everything we’ve seen over the past few days, I wouldn’t be surprised to see the next move come fast.
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Let the Game Come to You!
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Big T
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