BTCUSD Daily neutral with a bullish bias. Recommended ratio: 53% BTC, 47% Cash. * St. Louis Fed President James Bullard reaffirmed on CNBC today that he does not see the economy in a recession due to resilient job growth and low unemployment but that whether or not we're in one is in the eye of the beholder; he also reiterated that the Fed should continue...
ETHUSD Daily neutral with a bearish bias. Recommended ratio: 47% ETH, 53% Cash . * SUNDAY/MONDAY SCARIES . Cryptos are a mixed bag over the weekend with some rallying and others staying relatively flat, Ethereum did the latter. The bullish narrative is still dominated by speculation of peak inflation, abnormally low unemployment, and expectations of a dovish...
BTCUSD Daily neutral with a bullish bias. Recommended ratio: 53% BTC, 47% Cash. * SUNDAY/MONDAY SCARIES WATCH . Cryptos are attempting to rally this weekend heading into a big week for inflation data with CPI and PPI reports due on 08/10 and 08/11, respectively. Fed Governor Michelle Bowman (one of three governors who vote on FFR, Brainard and Waller being the...
ETHUSD Daily neutral with a bullish bias. Recommended ratio: 57% ETH, 43% Cash . * The US Employment Situation was released this morning and, by some supernatural forces at play, the job Gods produced the lowest unemployment since February 2020 (pre-Covid) and Non-Farm Payrolls went up from 398k in June to 528k in July. Pair this with the improving GDP...
ETHUSD Daily neutral with a bullish bias. Recommended ratio: 52% ETH, 48% Cash. * Today in an interview with the Washington Post , Cleveland Fed President Loretta Mester said that inflation hasn't peaked yet and that we still have a ways to go on raising interest rates but that we are "not in a recession right now"; she also mentioned that she expects...
ETHUSD Daily cautiously bullish. Recommended ratio: 87% ETH, 13% Cash. * CRITICAL RESISTANCE WATCH (SUNDAY/MONDAY SCARIES) . Cryptos are enjoying a weekend rally leading up to anticipated volatility this week with PMI (08/01) and Unemployment (08/05) numbers scheduled to report. Economic outlook aside, risk-on investors continue to creep back into Ethereum...
BTCUSD Daily cautiously bullish. Recommended ratio: 90% BTC, 10% Cash. *CRYPTO WEEKEND RALLY WATCH . Waiting for the next candle print to determine if the Bull Trap/Short Squeeze narrative has been invalidated but as of now it's looking very bullish going into this weekend. With all this talk of the Fed pivoting it should provide enough bullishness to carry...
ETHUSD Daily cautiously bullish. Recommended ratio: 85% ETH, 15% Cash. *Cryptos, Equities, Commodities (aside from Oil) and Futures are all up; while DXY, Oil (due to recent increases in global output capacity) and Treasuries are all down. There's been a clear shift in market sentiment after the Fed raised another 75bps and Powell gave a couple of hardly dovish...
BTC daily neutral with a bearish bias. Recommended ratio: 45% BTC, 55% Cash. * BULL TRAP WATCH . All eyes are on the FOMC statement due to be released in approximately twenty minutes (2pm EST), market consensus is a 75bps rate hike but there is still a slim chance for a 100bps. July's Consumer Confidence Index released yesterday came in at 95.7 (from 98.4 in...
ETHUSD Daily neutral with a bearish bias. Recommended ratio: 48% ETH, 52% Cash. *SUPER SHORT-TERM BEARISH. Cryptos are currently seeing the Sunday/Monday scaries and it could translate into an overall bearish week if economic data (FFR hike, Consumer Confidence, GDP, and PCE) surprises higher and/or earnings from Alphabet, Amazon, Apple, Meta and Microsoft...
ETHUSD Daily cautiously bullish. Recommended ratio: 80% ETH, 20% Cash. * Ethereum's Merge is currently estimated to be ready for launch on Mainnet on 09/11 . Cryptos are seeing a choppy weekend as they attempt to continue bullish momentum going into a big earnings week for Equities and a Fed decision on whether or not to raise more than 75bps on 07/27. Russia...
ETHUSD Weekly bullish. Recommended ratio: 95% ETH, 5% Cash. *Cryptos took a brief dip yesterday after news that Tesla had sold 75% of their Bitcoin holdings (~$936m) due to fears of China's Covid lockdowns (Tesla has a Gigafactory in Shanghai) and a need for cashflow. This came as a shock to the crypto community because in 2021 Elon tweeted that "Tesla has...
ETHUSD Daily cautiously bullish. Recommended ratio: 85% ETH, 15% Cash. *MINOR CORRECTION WATCH. Ethereum continues to rally (and should continue to leading up to September) on news that the Merge is likely to be ready for launch on Mainnet 09/19/22. Cryptos continue rallying as Equities are entering a big earnings season and recession fears are being allayed by...
BTC Daily cautiously bullish. Recommended ratio: 80% BTC, 20% Cash. *Cryptos continue to enjoy a rally largely inspired by Ethereum's anticipated Merge date (09/19/22) and risk beginning to reenter money markets on: news that Nord Stream is reopening; the Fed effectively hindering demand in attempt to ring in inflation; and the DXY finally showing signs of...
ETHUSD Daily bullish. Recommended ratio: 90% ETH, 10% Cash. *SUNDAY/MONDAY SCARIES. Cryptos enjoyed a rally for most of the weekend on news that Ethereum's Merge is scheduled for launch on Mainnet around September 19th . This news combined with the lighter tone in the past week from the Fed's Waller, Bostic, Barkin and Bullard, has seemingly lifted markets in...
BTCUSD Daily TA bullish. Recommended ratio: 90% BTC, 10% Cash. *WEEKEND RALLY. Cryptos continue rallying off of news that Ethereum's long awaited Merge is forecasted to be finalized and ready for launch on Mainnet ~09/19/22 . Assuming that the final trial on the Goerli testnet goes well in August, this timeline should be fairly accurate; however, The Merge has...
ETHUSD Daily neutral with a bearish bias. Recommended ratio: 40% ETH, 60% Cash. *Equities, Cryptos, Commodities, Treasuries, VIX and the Euro all finished today either relatively flat or slightly up; while DXY pushed even higher today signaling that fears of a "technical" global recession are still mounting. The correlations have been muddied all year but...
BTCUSD Daily neutral with a bullish bias. Recommended ratio: 51% BTC, 49% Cash. * SELL-OFF WATCH. The US June CPI report was released this morning and surpassed the 8.8% market consensus estimate with a 9.1% reading (Core CPI exceeded the 5.7% consensus estimate with a 5.9% reading). Cryptos, Equities, Treasuries, and Commodities initially sold off on the...