Weekly Highlights 6 [Bitcoin hits 60K; Wide sectors back to Tendieland]

I made 2 overnight trades this week. $TIGR entry on 20DMA (+6%), was up (+15%) premarket but I refused to sell (greed much?) then it just collapsed from opening to end of trading day Thursday; and $AAL on Bullish Flag and overall JETS strength (+3%) Friday. 


I staked 2 more lots on DOT at >12%APY and has been collecting interest on my first lot since 19 days ago. For me, crypto staking is a cheat code to earn passive income but it has risks i.e. the value of the asset itself can go to (technically) zero overnight. But, what's the average bank interest rate again? 0.5%, 0.75%? Hilarious! 

​
SPY and DIA on record highs as Biden finally signed the 1.9T stimulus bill. BTC rips through 60K and briefly 61K for the first time. Will it have another '18 crash? Time will tell. I am bullish on BTC and its value proposition but I am not a BTC maximalist. Hence, I continue to explore the crypto universe and will add more assets moving forward. In fact as of today, crypto is now 5% of my portfolio, hitting my target and is the best performing asset at that. For me, I think it is a bigger risk having  ZERO exposure in crypto.

Fascinatingly, I found this chart on Twitter. 

​Weekly Performance

Downtime Reads

Binance Pay: Borderless Crypto Payments
ECB to step up speed of bond buying as interest rates held
Rolls-Royce slumps to £4bn annual loss due to COVID-19
SEC Stumbles In Ripple Case, Lost In A Maze Of Its Own Making



END/