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 passive returns with Bluefin on Sui.
For any crypto related questions please comment on the website.
Market Analysis
Markets are back in the green, presumably over optimism about trade cooperation between the US and China. And the markets are shrugging off pretty much all the current doomer events (i.e. Ukraine / Russia escalation, LA riots, etc.).
So for your trades this week, the TLDR is there’s several solid long and limit long setups on the charts. Specifically, the BTC, ETH, SOL, PEPE, and POPCAT charts are looking hot.
Ok, let’s dive into the specifics.
Bitcoin (BTC)
Our bias is bullish, and so far we’ve been correct. But of course, we had to first get that wash-out dump to the 50D EMA, thanks to the Trump and Musk spat. We noted last week that limit order longs / buys at the 50D EMA would be the spot if prices dropped lower. So congratulations to anyone who might have gotten fills there.
So on Monday, we got this really gorgeous green Marubozu candle. Now typically, when Bitcoin prints one of these, it follows through with a few more candles in the same direction. So there shouldn’t be any surprises if we break all time highs this week.
Now note the volumes on Monday’s Marubozu. They were higher than the last nine green volume bars before it, but they weren’t particularly high. However, Monday’s volumes produced a $5K green candle. That means sellers are exhausted. There weren’t a lot of coins for sale to soak up the demand. Therefore, prices can get explosive to the upside, especially if we see some serious buy volumes hit this market.
Other Technicals to Consider:
- RSI not in overbought levels yet. Bullish.
- MACD bull cross happening now. Bullish.
- Stochastic Oscillator ripping higher, but not topped out. Bullish.
SIGNAL: Two ways to play this. (1) Limit longs / buys at the VWMA at $107K. (2) A breakout long trade when prices break above $112K. The more volumes on the breakout, the more confidence you can have on the upwards move. Your TP is $120K.
Ethereum (ETH)
In my and Lark’s opinion, ETH is the big trade setup right now. Remember that ETH is showing us increased trading volumes, and divergent strength against Bitcoin. Not to mention the rumors that whales have been loading up.
The technicals are very similar to Bitcoin. RSI not overbought yet. MACD bull cross happening now. Stochastic Oscillator ripping higher, but not topped out. It all looks great.
Now you will notice that ETH is caught in this really clean rectangle pattern, between $2.4K and $2.74K. This should break to the upside, and the technical TP on this rectangle break is $3K.
SIGNAL: Similar to Bitcoin. (1) Start filling longs / buys at the VWMA at $2,580. Consider leaving some dry powder on the side if we go lower, so you can stack more. (2) A breakout long trade at $2,740. The more volumes you get, the better. Your TP is $3K. Good luck, this is a good one.
Solana (SOL)
This is a Wealth Mastery Alert. We might be seeing a big break to the upside for SOL soon. And overall, this might be the second big trade to watch, behind ETH.
Solana is…
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.
