Gm friends,
Welcome back to another Premium Investor Report.
Let’s jump in!
Here’s what’s in today’s issue:
- Technical analysis on the current market.
- A DeFi tutorial on how to earn from Prebuilt Strategies on Dolomite.
For any crypto related questions please comment on the website.
Market Analysis
The crypto markets are in the midst of this Trump tariff / global reordering event. Things are wild, but all in all, Bitcoin seems to be holding its own. Of course there’s some other cryptos that are getting absolutely annihilated.
Regardless, there’s TONS of opportunities if you’re trading these markets, and hopefully some fantastic discounts on Bitcoin for your long-term spot bags.
OK, let’s dive in.
Bitcoin (BTC)
We’re back on the weekly here for Bitcoin. You can see that Monday’s sell-off resulted in Bitcoin wicking to the 2024 range resistance, and bouncing off it. We’ve speculated for a while now that this might happen, and it did.
Now I think the following three levels in particular tell us whether we’re in a bull or a bear:
- The 50W EMA at $77.6K;
- The 2024 range resistance at $73.7K; and,
- The 2021 cycle top at $69K.
Holding all three equals bull. Losing all three equals bear. Being caught in the middle equals who the hell knows.
SIGNAL: Set LIMIT LONGS / BUYS at the following three levels: $77.6K, $73.7K, $69K. If you’re trading, then you can close the positions at the next level up (your TP on a $77.6K fill is the 20W EMA at $86.5K). A good SHORT should be available with a failed retest of the 20W EMA at $86.5K.
Ethereum (ETH)
We’re on the weekly for Etheruem, because the daily isn’t capable of capturing the carnage and devastation. So the adage is buy when there’s blood in the streets, and sell when the cab driver is talking about it. Well, it’s real nasty out there, but I say don’t buy yet, for the following two reasons:
- Buyers aren’t stepping in. This is a huge red flag. Compare this last ETH weekly candle to the one above for Bitcoin. See the difference? The fact that ETH isn’t getting a major bounce at these levels is extremely concerning.
- What’s the rush? Instead, wait for the asset to establish a base of support on the charts before buying or going long again.
SIGNAL: $1,515 is the line in the sand. If this fails, you can go SHORT with a TP around $1,275. If that fails, you can go SHORT again with a TP at $1,000.
XRP
This symmetrical triangle finally broke. I had been salivating over this trade for weeks, but I was snoozing when it occurred. Lark however did catch this SHORT and made some money on it. Word on the street is Daddy got himself a new pair of shoes.
But I want to reiterate how much strength XRP is showing. Bitcoin is hanging onto the 50W EMA, while XRP is already retesting the 200D EMA. In fact, I think XRP is the only crypto we track that is even dealing with the 200D EMA.
SIGNAL: At the time of this writing, there’s another juicy potential SHORT. If this market turns red again, XRP will probably fail to retake the 200D EMA at $1.95, and the bottom of this triangle will flip from support to resistance. That’s a textbook SHORT play with a TP at $1.61.
If XRP can hold the 200D EMA at $1.95, there’s a LONG scalp available with a TP at $2.14. The big…
Hi! My name is Lark Davis!
I’m a cryptocurrency investor with years of experience and I’ve been making consistent profits in the crypto space.
I’m passionate about helping others do the same, so I run multiple educational channels on crypto investing.
