Chris Vermeulen is now 100% in cash ahead of Bitcoin, stock market crash

Chris Vermeulen is now 100% in cash ahead of Bitcoin, stock market crash

Stocks and Bitcoin rally on Thursday, but this is just a “dead cat bounce,” said Chris Vermeulen, chief market strategist at The Technical Traders.com.

Vermeulen told David Lin, anchor for Kitco News, that stocks show selling signs, and while Bitcoin has some more upside left in this bounce, he expects major resistance at the $50,000 level.

For these reasons, Vermeulen is 100% allocated into cash right now.

Visit The Technical Traders.com at https://www.thetechnicaltraders.com/..

0:00 – Bitcoin cycles
11:34 – Equity market, 100% cash
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.

Subscribe to our channel to stay up to date on the latest insights moving the metals markets.

For more breaking news, visit http://www.kitco.com/

Follow us on social media:
Facebook – https://www.facebook.com/KitcoNews/?ref=br_rs
Twitter – https://twitter.com/kitconewsnow
StockTwits – https://stocktwits.com/kitconews

Live gold price and charts: http://www.kitco.com/gold-price-today-usa/
Live silver price and charts: http://www.kitco.com/silver-price-today-usa/

Don’t forget to sign up for Kitco News’ Weekly Roundup – comes out every Friday to recap the hottest stories & videos of the week: https://connect.kitco.com/subscription/newsletter.html

Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors: https://gold-forum.kitco.com/

Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.

Related Post: