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 high yields from a range of pools with Hyperion on Aptos.
Market Analysis
The markets appear to be caught in a Trump tariff tug-of-war. Will deals be made and we go higher? Or will tariffs get slapped back on and everything dumps? And of course, Bitcoin and the crypto markets are caught in the middle of all this. However, this persistent corporate bid on Bitcoin is thus far keeping our bull run intact.
Let’s now get to the charts. We’ve got a solid mix of long setups for you, as well as some short opportunities in case this market turns over.
Bitcoin (BTC)
Last week, we were hoping for a break higher, but we got the break down instead. C’est la vie.
Currently, we’re above the previous range resistance at $105.7K. I have a bullish bias, so I think we go higher. There’s just too much corporate bidding to justify much lower prices.
Technically, we’re seeing the following:
- Falling Volumes: The market is waiting for confirmation as to which direction we’re headed next. Watch for increasing volumes as your leading signal that a bigger move is coming.
- Neutral RSI: It has reset but is trending up right now.
- Possible MACD Flip: Still technically unwinding but is also poised to flip bullish.
- Reset Stochastic Oscillator: Back in lower range, and blue line has flipped above yellow. Bullish.
- Candles: Monday’s hammer candle was great for the bulls. A daily close above the 20D EMA is bullish. Unconfirmed at the time of this writing.
SIGNAL: Launch longs with daily closes above the 20D EMA (i.e. around $105,500). The higher the volumes, the better. If we break south again, set limit order longs / buys at the 50D EMA at $100.7K.
Ethereum (ETH)
This is a Wealth Mastery Code Red Alert. ETH is back in business. I repeat, ETH is back in business.
The story right now is that whales are loading up. I don’t know if this is true, but we’re seeing the following two things play out on the charts, which appears to validate the story:
- Increased volumes in general. Since May 8th, ETH’s volumes have been elevated relative to the past several months. Buyers and sellers are back to trading this asset.
- Divergent Strength Against Bitcoin. ETH has held up better on a percentage basis against BTC, since the latter’s fall from its ATHs.
So here’s my theory. ETH right one is a great asymmetric long trade, assuming Bitcoin either ranges sideways or goes up.
SIGNAL: Three ways you can play this. (1) Set limit longs / buys at the 20D EMA at $2,522. (2) Trade a long breakout when price breaks and holds $2,740. (3) Range trade (i.e. grid bot) between $2,460 and $2,740 (there’s enough gap here that it makes sense).
PAXG (Gold)
We signaled a week ago that a breakout was coming. It hit Monday. This symmetrical triangle had been telling us for a while now.
SIGNAL: But here’s the good news. This long is open now. Entries from $3,343 to $3,380 are a go. You can set your stop loss around $3,330.
Garlic House
Last week, it was wait and watch. This week, it’s think about how to get a good long entry.
Most everything on this chart…
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.
