Apologies for the late delivery of this newsletter, our servers were down and we were unable to send it out at it’s regular time.
In This Issue
- I share my thoughts on the state of the market, what happened in China, higher rates, Blockfi goes under, Chainlink staking & Apecoin staking
- Rekt Capital has the latest technical analysis for you on the market.
- Erik has a report for you on how Cardano’s Midnight sidechain will introduce programmable privacy.
- Defi Dad has a tutorial for you on how to master 1-click DeFi yields using Portals.
- 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.
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What’s On My Mind by Lark
The State of the Market
CRYPTO PUMPING!!! Always nice to see some green in the market. The S&P 500 even reclaimed the 200 day moving average today. For reference, the last time it traded above this line was in April.
And while it is nice to see some green in the market we must also remember that we do still see big risks on the horizon for both equity markets and potentially crypto. So keep a cool head in the face of green candles. That being said, bear market rallies can be very profitable if you play them as such. Lots of potential for flips during such periods. And more and more it looks as though we could be reaching an inflection point in the markets.
The one saving grace about this period of the bear market is that for the most part there isn’t really anyone left to sell. Most everyone who can be has been washed out, and aside from a black swan event then crypto could be entering into the accumulation phase after a year of brutal price decline. Just maybe…
Still though, with a recession looming for the USA in 2023, we could still get a few “surprises” from markets.
That being said, we do have evidence of accumulation. In fact, the market has seen a big accumulation after the FTX collapse. Similar waves of heavy buying happened after previous major blow ups such as the covid-crash and the luna-crash. Just a reminder that in spite of everything there are still buyers.
WTF Just Happened In China
It has been a crazy week in the world’s second biggest economy. What started as a fire in a western province where families were burned alive because they were locked in their apartments by force due to pandemic quarantines quickly spiraled out of control and into nationwide protests. This is one of the biggest protest movements to happen in China in a long time. Years of the draconian zero-covid policy has broken Chinese society.
This culminated in a meeting in Beijing on Tuesday where the CCP announced that covid is now a moving target but that lockdowns would continue. I guess they have to make use of all of those quarantine camps they built. Although they did say that “excessive” zero covid policies would be challenged. Whatever that means.
China ending its insane covid policies, whenever it happens will obviously be great for regular people suffering under this…
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.
