Bitcoin: the canary in the coal mine?

[] This might be the signal of a REAL crisis in the markets [View in browser]( [View in browser]( [] OCTOBER 16, 2024 [] [] Hey y’all, You probably know the phrase “a canary in a coal mine” … but do you know where it comes from? It’s kind of dark… but here goes… Back in the early days of coal mining, they understood that some mines contained toxic gas (primarily carbon monoxide) that could kill unaware miners, but they didn’t have scientific methods to detect it yet. So they used canaries. Canaries, as it turns out, are more sensitive than miners to carbon monoxide, so if they were released deeper into the mine and stopped singing, the miners knew to get out of Dodge (which is another expression from the Old West, but we won’t get into that one right now…) [] Today, we use the phrase “canary in a coal mine” to basically mean the first warning sign that danger is coming. And we use it a lot when we talk about the markets, to refer to what could be the first real indicator of trouble if things were to go haywire. Well, yesterday, I was on with Nate Tucci talking about his phenomenal Automated Options strategy, and while we were debriefing about the markets, he shared something interesting that I wanted to pass along to you. Now, Nate is a strong bull, and he really doesn’t think we’ll see a correction until at least after the election, and maybe even beyond the election and into Q1 2025. But he gave worried investors one clear warning sign to look out for that could signal a serious correction: Bitcoin. Now, you might be a little bit taken aback. After all, if Bitcoin is a “dollar hedge,” shouldn’t it theoretically get stronger when the economy gets weaker? Well, maybe over time… but initially, Nate says that we should expect a sharper correction in Bitcoin ahead of, or at least simultaneous with, any deep correction in the stock market. Why? Because Bitcoin is one of the most speculative investments out there, and people will jump out of those positions before they dump anything else. Think of it like this: if you’re on a boat that’s carrying too much weight and sinking, what are you going to throw overboard first to try and save yourself: your priceless family jewels that weigh a few ounces, or a big, heavy box that might contain treasure or might contain nothing at all. [] You’re always going to get rid of the “mystery box” first, and Bitcoin is still a “mystery box” in most traders' minds. So, if we have a bad day in the markets, look at Bitcoin. Yesterday, the markets corrected a little, and Bitcoin moved slightly lower, too. But it was a moderate selloff (and it’s already back up around $700 today, by the way). Nate says that if we have a selloff that we really need to worry about, we’ll see a much sharper correction in Bitcoin early, which could be the warning sign that this is the “real deal” and not just a short-term repricing. It’s an interesting perspective and something I’ll be watching any time the markets get a little sour. So I thought I’d pass it along to you. To your prosperity, Stephen Ground Editor-in-Chief, ProsperityPub P.S.: Jack Carter has boiled down his 40 years of trading experience into a state-of-the-art breakthrough designed to help pick trades FOR YOU. [Check it out here]( [] [] [] OCTOBER 16, 2024 [] [] Hey y’all, You probably know the phrase “a canary in a coal mine” … but do you know where it comes from? It’s kind of dark… but here goes… Back in the early days of coal mining, they understood that some mines contained toxic gas (primarily carbon monoxide) that could kill unaware miners, but they didn’t have scientific methods to detect it yet. So they used canaries. Canaries, as it turns out, are more sensitive than miners to carbon monoxide, so if they were released deeper into the mine and stopped singing, the miners knew to get out of Dodge (which is another expression from the Old West, but we won’t get into that one right now…) [] Today, we use the phrase “canary in a coal mine” to basically mean the first warning sign that danger is coming. And we use it a lot when we talk about the markets, to refer to what could be the first real indicator of trouble if things were to go haywire. Well, yesterday, I was on with Nate Tucci talking about his phenomenal Automated Options strategy, and while we were debriefing about the markets, he shared something interesting that I wanted to pass along to you. Now, Nate is a strong bull, and he really doesn’t think we’ll see a correction until at least after the election, and maybe even beyond the election and into Q1 2025. But he gave worried investors one clear warning sign to look out for that could signal a serious correction: Bitcoin. Now, you might be a little bit taken aback. After all, if Bitcoin is a “dollar hedge,” shouldn’t it theoretically get stronger when the economy gets weaker? Well, maybe over time… but initially, Nate says that we should expect a sharper correction in Bitcoin ahead of, or at least simultaneous with, any deep correction in the stock market. Why? Because Bitcoin is one of the most speculative investments out there, and people will jump out of those positions before they dump anything else. Think of it like this: if you’re on a boat that’s carrying too much weight and sinking, what are you going to throw overboard first to try and save yourself: your priceless family jewels that weigh a few ounces, or a big, heavy box that might contain treasure or might contain nothing at all. [] You’re always going to get rid of the “mystery box” first, and Bitcoin is still a “mystery box” in most traders' minds. So, if we have a bad day in the markets, look at Bitcoin. Yesterday, the markets corrected a little, and Bitcoin moved slightly lower, too. But it was a moderate selloff (and it’s already back up around $700 today, by the way). Nate says that if we have a selloff that we really need to worry about, we’ll see a much sharper correction in Bitcoin early, which could be the warning sign that this is the “real deal” and not just a short-term repricing. It’s an interesting perspective and something I’ll be watching any time the markets get a little sour. So I thought I’d pass it along to you. To your prosperity, Stephen Ground Editor-in-Chief, ProsperityPub P.S.: Jack Carter has boiled down his 40 years of trading experience into a state-of-the-art breakthrough designed to help pick trades FOR YOU. [Check it out here]( [] [] [] ABOUT US: We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. Prosperity Pub provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Prosperity Pub are for your informational purposes only. Neither Prosperity Pub nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Prosperity Pub is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions. Please visit [( for our full Terms and Conditions. [Unsubscribe]( This email was sent to {EMAIL} by Prosperity Pub 101 Marketside Ave, Suite 404 PMB 318, Ponte Vedra, Florida 32081, United States [Prosperity Pub]( [] ABOUT US: We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. Prosperity Pub provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Prosperity Pub are for your informational purposes only. Neither Prosperity Pub nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Prosperity Pub is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions. Please visit [( for our full Terms and Conditions. [Unsubscribe]( This email was sent to {EMAIL} by Prosperity Pub 101 Marketside Ave, Suite 404 PMB 318, Ponte Vedra, Florida 32081, United States [Prosperity Pub](