Monthly Crypto Alpha Report – January 2023
Market Roundup
Well… what a difference a month can make. January has been insane for the crypto markets.
Taking a quick peek at the monthly charts shows that this monthly candle has been incredible!
While at the time of writing the candle has not officially closed it has been a very bold statement by the market.
Gains have been rolling in across the crypto market.
And perhaps the craziest thing is that we have been seeing lots of new all time highs for coins launched in the bear market such as Aptos.
Could this just be a bear market rally? Yes. Likely. BUT, don’t let such thoughts distract you from the very real money making opportunities happening right now.
A curious factor of the bear market so far has been that retail money never truly left. Sure, a lot did, and a lot panicked. But, check out this chart. Post LUNA collapse up until now we have seen a big accumulation by retail holders of BTC. The money is always out there, the only question is does that money want to gamble on crypto now? So far the answer is yes, but for how long?
Just keep in mind that things can always change real fast.
Bitcoin miners started selling right as the rally kicked off. But, in spite of this big spike in sell pressure, the price of Bitcoin moved higher showing that demand has outstripped the fresh supply. This could indicate that fear is falling a bit as people feel more comfortable entering the market. And as we know, where BTC goes, so goes the market.
Top Airdrops of the Month
Top Altcoins to Watch
Top NFT Mints of the Month
Best DeFi Farm of the Month
Final Thoughts
Content Goes Here.
All the best,
Lark
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Legal Disclaimer
TCL Publishing ltd (director Lark Davis, owner of Wealth Mastery) is not providing you individually tailored investment advice. Nor is TCL Publishing registered to provide investment advice, is not a financial adviser, and is not a broker-dealer. The material provided is for educational purposes only. TCL Publishing is not responsible for any gains or losses that result from your cryptocurrency investments. Investing in cryptocurrency involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire investment. Investors should consult their financial adviser before investing in cryptocurrency.
You can find a full disclosure of all my crypto & venture investments here.
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