3/4/22 The Nuclear Option & An Extra Case For Bitcoin

News:

After markets failed to follow up on Wednesday gains the war in Ukraine took a dark turn.

Photo by Pixabay from Pexels

There are reports of Russian shells hitting Europe’s largest nuclear plant in southern Ukraine. The news sent futures lower again. The Ukrainian President called the incident “nuclear terrorism” as he begged his European neighbors for help.

He added that “If it explodes, it’s the end of Europe.”

The last report was the fires are out the reactors are stable for now. This morning the plant is in the Russian’s hands.

On the sanctions front, the U.S. and its allies have canceled much of Russian currency reserves. Which begs the question, what is money? Who controls it? And could the U.S. cancel your dollars?

All this is a strong case for bitcoin. I’m buying. Learn more about the bull case for bitcoin here.

Technicals:

The technical indicators are giving no clear signals. And buyers and sellers are not following up.

I’m watching the news over technicals right now. But will update you when I get a reading worth relaying.

Timing:

It’s the second week of Russia’s war against Ukraine. There is no clear end in sight.

The jobs report is due out at 8:30 this morning.

Less than 2 weeks until the FOMC.

Watchlist:

*Low Float

*UUU has resistance at $5
*INDO is on watch
*KLXE has support at $8
*ARCH is on watch
LXU is on watch
PAM has resistance at $24.25
CENX has resistance at $27
JAZZ has resistance at $155
TALO has support at $17
WTTR has resistance at $9.20
FTK has support at $1.40
LNTH has support at $48
SLCA has support at $14
CTIC is on watch
ARLO has support at $11
SQM has support at $70
KR is on watch

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