In This Issue
- I share my thoughts on the state of the market, Genesis bankrupt, Nexo raided, high profile hack & altcoin alpha.
- Rekt Capital has the latest technical analysis for you on the market.
- Erik has a report for you on AI coins.
- Defi Dad has a tutorial for you on how to earn 16% APY with WETH/rETH LP on Velodrome on Optimism.
- 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
The Bitcoin price candle last week was the biggest one since early 2021! Nice!
That being said, we have reached overbought levels for many major coins. Remember, nothing goes up in a straight line. If we are indeed seeing a new cycle start, or even just a significant bear market rally then just keep in mind that volatility is normal and to be expected.
Count on this to happen. If looking for entries then watch for pullbacks instead of FOMOing at local tops. Will that always work? No, sometimes things will just pump and pump and leave you sidelined, but more often than not we do get those juicy pullbacks. At the time of writing it seems that we are currently in this situation. I am watching for Bitcoin to hold above the 200 day moving average. Which is at $19,500. That is a critical level. And while this move has been very exciting, keep in mind that BTC failed to take out the price levels early November.
Keep in mind too the velocity factors in crypto. The S&P 500 will move the slowest, but crypto remains highly correlated to it. Bitcoin will largely follow its moves. Ethereum will move slightly faster than BTC. And Altcoins will move very fast both up and down compared to everything else. They have the highest reaction factor of any of these markets. This is great on the way up, and poison on corrections. Currently the S&P 500 is facing rejection at the downtrend line. So long story short, keep a cool head. Markets are still frothy.
Japanese bond purchases have been ramped up big time! Japan is the third largest bond market in the world. The Central Bank of Japan has been struggling to keep the market contained but is being forced once again to step in and buy bonds. They made a record 78 billion dollar purchase last week in response to a massive sell-off by foreign investors. This was an unscheduled purchase, and it did not stop the yields from rising. Japan’s Central Bank is going to be in full crisis mode over this. This could have far reaching implications.
Genesis Bankrupt
It seems like we are finally going to see Genesis go bankrupt. For weeks there has been speculation, and the news today seems to be that they are preparing to…
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.
