In This Issue
- I share my thoughts on the state of the market, commodities, the FED, Cramer capitulating, pain blinding you, Ethereum, yield collapses & more crypto lenders fail.
- Rekt Capital has the latest technical analysis for you on the market.
- Sam has a report for you on NEAR Protocol NFTs.
- Defi Dad has a tutorial for you on how to earn up to 25% APR with stablecoins on StellaSwap.
- Jesse has a ton of hot new airdrops for you.
- Hot new token sales.
- Rebecca has all of the latest news for you.
For any crypto related questions please comment on the website.
For any support related issues please visit wealthmastery.io
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Buy, trade, and hold 600+ cryptocurrencies on Binance
What’s On My Mind by Lark
<h3 id="the-state-of-the-market“>The State of the Market
$20,000 has become the new battle front.
BTC has fallen under and then reclaimed 20K a dozen times in the last week or two. Volumes are still pretty weak though, which is not a big shock considering the stalemate at 20k.
Half of the market thinks we are going to nuke down to 10k. The other half is waiting for some signs of recovery before committing more funds.
Although on chain data does show that there is a lot of stacking going on by both mega whales and small retail buyers. So that is encouraging. Regardless of the next moves basically every metric is telling us that accumulating Bitcoin in this range is a bargain long term.
Altcoins of course remain high risk. There are opportunities. But, altcoins are not going to do anything super significant until Bitcoin does. It is our bellwether.
That being said right now altcoins are providing some great trading opportunities. While Bitcoin may move up 2 or 3%, and altcoins might do 20 or 30% in a similar time frame.
<h3 id="commodities“>Commodities
Commodity prices are still falling which is good news. Oil is down like 16% in the last 30 days. Corn, soy, and wheat are all down over 25%, and most interesting back to pre-Ukraine war levels.
Falling food and energy prices “should” bring in much needed price relief for consumers. This is a good thing for regular people and for markets.
<h3 id="the-fed“>The FED
Many in the market were waiting for the FED minutes to be released today, and many were dreading the event. However the markets seemed to have not cared much as it basically confirmed everything we already knew.
The FED is raising rates more aggressively. The FED is deliberately crashing the markets and trying to slow the economy. None of this is new news.
There is always the chance we get some kind of wild card statement from the FED meetings, but not this time.
<h3 id="cramer-capitulates“>Cramer Capitulates
Famous stock commentator Jim Cramer was for a brief time “into” crypto. Back when Ethereum was 3K he was shilling it saying it was an easy money maker. Those were good times.
Anyway, he is now saying that crypto has no value. Basically a capitulation. This kind of sentiment coming from mainstream media sources is the kind of sentiment we want to see.
The tourists are leaving.
<h3 id="pain-blinds-you“>Pain Blinds You
It has been a few weeks since we had serious trauma in the market.
Those days are the ones that make you want to puke and the world…
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.
