In this edition of the trade letter, we will discuss the following altcoins: WOO, LINK, and UNI.
Bitcoin top-down analysis - Why I think it will go higher.
BTC looks bullish, and I will show you why using a top-down analysis.
Operation Liquidity Grab: Success
Late last week all long position stops placed anywhere below the swing lows created in the last few weeks got taken out. But not before BTC pushed above 31k (running short stops) giving some hope of a breakout. Timed news? Coordinated liquidity grab? Maybe. Especially looking at the bounces across the market afterwards. Meanwhile, a decision on the spot BTC ETFs could potentially be made as early as August.
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Litecoin Breaking Out, Altcoins To Follow?
In this update, we'll talk about the current strength of the markets, as altcoins are moving left and right. Litecoin and Bitcoin Cash are moving and why is that? What can we expect more from altcoins? Everything will be discussed in this update.
BTC is rallying, but can it continue?
In the past few weeks, there has been a lot of news emerging about the potential approval of a Bitcoin ETF, which would give a tremendous boost to the cryptocurrency market if it is realized. What is an ETF, and why would it be good for the market?
Macro Monday: Adrenaline Increase
Liquidity to the upside on BTC was indeed targeted like expected in last week’s update. However the push higher was much more aggressive than anticipated. While regulatory pressure on crypto companies in the U.S. has been increasing, Wall Street giants do show some interest in the industry. This raises questions about whether the challenges are mere political theater.
Altcoins Ready For The Bull Market?
In this update we'll dive into the markets of altcoins, as those have been slowly following the recent breakout of Bitcoin. We'll be diving at a complete overview of the markets of altcoins and we'll discuss a few specific altcoins that we can focus on.
Bitcoin is taking the lead
How quickly sentiment can change... It remains a very remarkable phenomenon in the crypto world. Just last week, we were in turmoil. Everything was supposed to go wrong as the SEC went after crypto. They sued both Binance and Coinbase, and it was supposed to be the end for crypto.
Bitcoin is fighting its trendline resistance while Ethereum struggles at 1,736$. SPX bumps into the 0.702 fibs as the daily RSI enters overextended territory. Get the popcorn ready!