Retail Traders vs Whales
In this trade letter, we provide an educational example of how whales lure retail traders into traps by using patterns.
U.S. Regulatory FUD Intensifies
The crypto market, or altcoin market to be more precise, crashed on Saturday, with the global total market cap of crypto dropping almost 7% dipping under the 1 trillion dollar mark. It has since bounced back slightly above as US regulatory FUD intensifies.
Altcoins are ready for a breakout?
In this update we'll be providing an update on the altcoin markets, as the altcoin markets are looking like they'll be bouncing upwards from here, facing an essential and crucial week with CPI and the FED coming up.
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Is the correction over?
In the past few days, we have seen significant price action in the world of cryptocurrency. The reason for this is that we have had a lot of news over the past few days. We have seen both Binance and Coinbase being sued by the SEC.
Crypto Left Out?
The breakout attempt last week ultimately failed and price is now back in the consolidation range, with imminent support at 26.7k and resistance at 27.6k.
CME gap is closed, can we continue the rally?
After witnessing a significant upward move over the weekend, we observed a retracement in the market at the beginning of this trading week. This retracement has completely filled the CME gap that occurred over the weekend. The question now is whether we are experiencing a retracement and can expect continuation, or if we are going to make new lows. To answer that question, let's dive into the charts of Bitcoin and Ethereum. We will also discuss the Nasdaq in this trade letter. Enjoy reading!
A New Dawn … in Principle
With the debt ceiling drama entering its last act “Agreement Reached … in Principle” the market got into a good mood. While (long) weekend price action, especially around Memorial Day, should be looked at with suspicion (“returns the day after the last eight Memorial Days were negative”), Bitcoin managed to break out of its recent consolidation, while stock indices are getting close to their key retracement levels. Let’s dive right in.
Altcoin Friday: Are we continuing the Bear Cycle or are Altcoins undervalued?
In this update we'll be looking at some specific altcoins, and, additionally, we'll be looking at some interesting altcoins on setups which might be possible to take.
Are memecoins still the way to go?
Everything you need to know about memecoins, in this Trade Letter!