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 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...
