A bigger update is on the way this afternoon - I want to see how the markets open. But for now, I have updated trade-setups and the watchlist. There are some good opportunities in the watchlist and I am likely to take a few of them.
I am also going to do a recorded video later on how I trade i.e, layering orders and how this works. I will then Pin this video in trade-setups (on Discord) and this should help us to identify trades that are being taken and then.
So, the data today shows more people are coming back to work (Participation Rate) hence the Unemployment rate came down also. The market was expecting a lower print, so I do actually think that this is bearish for risk assets, but the market seems to be tussling with these numbers currently.
Trades
So, over the last few days, we've smashed the trades on DOGE, in my opinion those trades are now done and I let DOGE go back to it's old ways and stay away from it, but thanks for
Firstly, I have done a large breakdown over the last 2 days on professionals opinions and digesting this into my research below. I will now dive into all and explain this along with market pricing.
🪙 Bond Market
So, the main volatility has come from the Bond market. We can see that across the curve (2 Year, 5 Year, 10 Year, and 30 Year), Yields have plummeted in the past few trading weeks. Falling yields mean the Bond market is pricing in the
Nvidia Teams Up With Microsoft On Industrial Metaverse
Microsoft is jumping into Nvidia’s industrial metaverse network, just weeks after apparently withdrawing from its own attempt to create immersive internet tools for manufacturing companies.
NVIDIA founder and CEO Jensen Huang at his GTC keynote presentation
The alliance will see Microsoft’s cloud computing platform, Azure, host Nvidia’s suite of internet services for building and operating hyper-realistic virtual worlds called Omniverse Cloud, as well as Nvidia DGX Cloud. The latter is a new o
Crypto Networks Explained: Wallets, Compatibility, and Transfers Made Easy
In this comprehensive guide, we will explore the differences between various blockchain networks such as Ethereum, Polygon, Arbitrum, Optimism and Solana. The world of cryptocurrencies and web3 is fascinating but can be overwhelming for beginners.
In this comprehensive guide, we will explore the differences between various blockchain networks such as Ethereum, Polygon, Arbitrum, Optimism, Solana, Polkadot, and Cosmos, and discuss their wallet compatibility.
Good day all, I hope you're all well. I'm aware that the market is super volatile at the moment (more in traditional finance with the Bonds) and this is impactful for Crypto, so my thinking is more updates the better. #marketupdate
🦿Let's Break It Down:
From what I can see, Bonds are where the action is as there is this constant battle between will the FED cut this year or will inflation remain stubbornly high and therefore the FED will keep rates high? Ultimately, we're now getting a Bond m
The War On Stablecoins: SEC's Efforts To Control Crypto Market
Hello CryptoExplorers. Last week I said I would give you an update on the #Stablecoins situation. This update will go into detail about the #SEC vs Paxos situation, why this is a big problem for crypto (especially in the US) and which stablecoins are currently the best out there.
TL;DR:
All stablecoins are in danger, there is no safe haven.
Diversification is important to reduce a potential impact on your portfolio
I don’t think that there is short term danger for stablecoins, and these new
Your Essential Checklist for Building a Successful CryptoPortfolio - Preview
Are you a beginner looking to invest in crypto but don't know where to start? Are you overwhelmed by the endless options and technical jargon? Look no further! Welcome to our beginner's checklist for creating and managing a crypto portfolio. Whether you're looking to build wealth over the long term or diversify your investment portfolio, this checklist will guide you through the essential steps of investing in crypto. From setting investment goals to choosing a reliable exchange and securing you
In short, assessing all the opportunities there are some decent one's but the standout opportunity to me right now is a Short on BTC. Go to BTC above to see details on this. For me, a Short on BTC is the play over the next week or so. Thinking we can earn well out of this so this is where my current focus is.
Bitcoin
I'm really torn here. My feeling is that we'll reject here/or the red box area. My big question is do we mov
BTC is rising quickly towards $28,600 resistance, with potential pullback or rejection. RSI is over-bought with bear divs. Short orders placed in $28,600-$30,100 range. Waiting for Powell's rate rise announcement on Wednesday. #bitcoin #buildtogether #Binance #crypto2023
ETH's chart looks positive with $1,745 resistance reclaimed and cleared red resistance box, but pace of up move is a concern. BTC may be ripe for short, ETH looks good for upside, but expect short-term consolidation. Above $1,745 resistance is positive. #Ethereum #crypto2023
SOL is performing better than BTC, breaking through resistance levels but facing strong resistance at $26.00. With more upside potential and not yet overbought, it's worth keeping an eye on. A short position could be considered at $26.00. #crypto2023 #solana #buildtogether
On an absolute tear up. However, we're approaching the $28,600 level which has proven to be a resistance on prior occasions, although this range extends up to $30,100. Volume has been very good but we've teared up quickly and just vertically, so you'd expect some kind of decent pullback or a rejection area. I think this is the $28,600 to $30,100 range. Also notice the RSI is very much in over-bought territory on the 12hr, 1D and the 3D timeframe with most creating bear divs. I want pric
Wild Rides and Safety Nets: A Recap of This Week's Crypto News
It has been a wild ride in the crypto world, with some major events impacting the market. Buckle up, because we're about to take a dive into what's been going on. First of all, let's talk about Bitcoin's crazy price movements over the last few days. The BTC price lost 11% in just a few hours, causing some panic among investors. But only a few hours later we quickly pumped back up by 24%. That's the crypto world for you - never a dull moment!
The Battle of Banks vs. Crypto, and the Road to Crypto Spring
What a crazy last few days! I hope you're all having a great week in the world of crypto! In today's free update, we'll delve into the recent issues with traditional banking, how cash injections have provided short-term solutions, and the ongoing battle between banks and crypto. Finally, we'll discuss what's fuelling the recent crypto pump and what to expect in the coming week.
🏦 The Traditional Banking Problems
The traditional banking system has faced significant challenges recently. In a n
The overall volume is really positive, meaning a sustained move higher is definitely possible. However, I wouldn't really want to be sat in Longs here, portfolio spot buys, yeh thats fine, but leverage Longs wouldn't interest me here. However, I also wouldn't want to be Short even though I think we can have a pullback to the $23k area for BTC. Ultimately, I am not too confident on either direction here in the short-term to be honest, not one side screams out to me as being more heavily weighted/