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 zBTC on Solana with Fragmetric.
For any crypto related questions please comment on the website.
Market Analysis
I’ve got nine charts for you today. There’s actually a solid mix of trading opportunities that are available now (at the time of this writing), and several limit long plays. So take a good look at everything.
And check out the Bitcoin price / volume / signal analysis below. Discord members, I’d love to hear your feedback and thoughts on this specifically.
Let’s dive in.
Bitcoin (BTC)
Here we are folks, firmly above $100K. It’s good to see Bitcoin back home.
So just a few notes on the indicators, and then we’ll dig into the weeds a bit.
- RSI: Oversold right now. Shows toppishness, but it can stay like this for weeks.
- MACD: Grinding higher. No bearish crossover yet. Like RSI, this can continue for a while.
- Stochastic Oscillator: Flipped bearish. Something to take note of. But it can flip bullish again if we get a pump, like it did one week ago.
Now I want to discuss a pattern that’s been playing out for the last month, as some of the details might give us an early heads up on when, and in which direction, Bitcoin goes next.
As you can see from the chart below, Bitcoin pumped, then consolidated for about 1.5 to 2 weeks, and then pumped again. But look at the volumes. During these last two consolidation periods, volumes drop, then they start to turn the corner (go up), just before the next big pump.
So moving forward for the next week or so, I’ll be watching for falling volumes. Then, if I see volumes turn the corner (go up), I might attempt a trade. A day or two of increasing green volumes, at the end of one of these consolidation periods, means price might imminently shoot higher. Or, a day or two of increasing red volumes, at the end of one of these consolidation periods, means price might imminently dump.
SIGNAL: If you follow along and agree with this price and volume thesis, then you can attempt a trade, either long or short, assuming we get another period of consolidation with increasing volumes at the end of it. Discord members, feel free to ask questions about this if you have any.
Otherwise, if you believe Bitcoin still makes a new all time high this cycle, then I like limit longs / buys at $101K, $98K (20D EMA), $93K (50D EMA), $91K (100D EMA), and $87.5K (200D EMA). And yes, we absolutely can get a retrace back to the 200D EMA, and then go on to make a new all time high. It happened in late 2021, and it can happen here too.
Ethereum (ETH)
It’s good to see ETH back in action. I thought for a minute we were going to lose her.
So here’s the deal. Look at this chart above, and then compare it to the Bitcoin chart. Ethereum is going to follow Bitcoin. But at this point, I think it’s probably safe to say that ETH will outperform BTC, when BTC pumps. I wish I could give you more of an isolated ETH analysis, but what I said above is probably the most accurate.
SIGNAL: If you’re sensing that Bitcoin is about to pump or dump, long or short ETH. A good Bitcoin pump could send ETH to $3,200 (long TP). A…
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.
