Seven c Newsletter #10 🏴☠️
AHOY crypto wanderer, here is the latest news, alpha, and technicals.
Ahoy my fellow pirates, this be another wild week in crypto, and as always, a lot to uncover. I do my best to distill the information you need to keep afloat on the ever-changing world of crypto.
NOTE: I’m unable to embedd tweets into this newsletter, so the tweets are screenshots with links attached to them! ENJOY!
Contents:
1: News roundup
2: Alpha aggregation
3: Technical roundup
1: News roundup
Upcoming events in crypto:
Coinbase launching international exchange:
May FOMC key takeaways:
Hikes continue to crush banks:
Operation chokepoint 2.0 continues:
2: Alpha Aggregation
Who made the most money from meme coin season?
Lower your meme coin risk by conducting simple research:
What are the ARB whales accumulating?
FRAX V3, attempting to solve the stablecoin trilemna:
Market psychological analysis 101:
L1s vs L2s:
VCs continue to pile money into L2s, here’s how you can be prepared:
How did a whale make $500k + on Arbitrum:
Here’s Caff’s crash course on 💩coins:
Understanding bollinger bands 101:
3: Technical roundup
Weekly roundup presented to you by IA crypto | Ijaz Awan:
Find him on Twitter here: Ijaz Awan Twitter
Find him on YouTube here: Ijaz Awan YouTube
A volatile week for crypto sees $BTC fluctuate between 27.6k and 29.8k as Bitcoin again fails to breach past 30k
The week saw powerful job figures show that the Labour market continues to remain hot, while Jerome Powell and the FED continued with another 25bp hike - widely expected to be the last!
On the Weekly Chart, you can see the EMA ribbon making good progress in its flippening - a great sign. It also shows that EMA support comes in at 26k - meaning $BTC has plenty of room to pull back should it need to regroup before another attempt at 30k-31k.
On the daily chart, you can see $BTC has done well to ride its EMA ribbon and create higher lows. Unfortunately, higher HIGHS have yet to follow - thus forming a consolidation pattern - the symmetrical triangle.
This upcoming week, with a crucial CPI reading on Wednesday, will be decisive.
In other news, $PEPE The latest meme craze stole headlines with an insane 288% week.
The strong move Monday, cooled off Tuesday and Wednesday then exploded on Thursday and Friday! Will the move continue into this next week?!
Another challenging week for the Dollar Index ($DXY) saw it retreat with another red weekly candlestick. Again positive for $BTC which is inversely correlated. This further highlights that risk is rotating.
Thank you for joining me, cap’n hoeem, on this voyage around the last week of crypto. As always, crypto be ever-changing, and ever-evolving, be sure to get your weekly dose here at the Seven c Newsletter.
Great content as always!