Craig Cobb says last week played out almost exactly as he expected. Bitcoin briefly rallied into the $65,000 level he had been watching, providing a short opportunity before rolling over. While he finished the week in profit, it was a slow one with only three trades. And that’s exactly the point. Not every market is meant to be traded aggressively
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Craig compares trading to fishing. You don’t head out into a hurricane because you want to catch fish. You wait until conditions improve. Markets, he argues, deserve the same discipline. Too many traders make money during favorable conditions only to give it all back by forcing trades when the market becomes choppy. Quoting Jesse Livermore, Craig reminds viewers that “there is a time to be long, a time to be short, and a time to go fishing.” Right now, he believes it’s time to go fishing.
Although Bitcoin remains in a broader downtrend, Craig says the current price action lacks the clean cyclical moves he depends on. On the daily chart, Bitcoin continues making lower highs and lower lows, but recent support has created messy, sideways trading instead of the orderly pullbacks and trend continuations he prefers. The same pattern is appearing across Ethereum, BNB, Cardano, and the broader crypto market. Craig still believes lower prices are likely over the longer term, but without clean technical setups, he sees little reason to risk capital.
One market that continues to catch his attention is the U.S. Dollar Index. Craig believes the dollar remains in a strong uptrend after breaking through major resistance and producing a textbook pullback. Historically, a strengthening dollar has put pressure on risk assets such as Bitcoin and equities, and he believes that relationship could continue if the dollar resumes its advance. At the same time, MicroStrategy has suffered another sharp decline, breaking below a key support level and closing the week down roughly 26%, reinforcing the broader bearish tone across crypto-related assets.
For now, Craig’s message is simple: preserve capital. He isn’t trying to predict every move or force trades that aren’t there. Until Bitcoin and the broader crypto market begin producing cleaner trends with higher-probability setups, he’s content to keep his money in his pocket and wait. Sometimes the best trade is no trade at all.
Check Craig out at:
Market Intern:
https://marketintern.com/
The Grow Me Co:
https://www.thegrowmeco.com/
