Seven c Newsletter #11 🏴☠️
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Seven c Newsletter #11 🏴☠️
Your weekly crypto dose of news, alpha, and technicals!
AHOY! WELCOME! Another week, another seven c newsletter posted straight to your inbox. As always me mateys, crypto is ever flowing like the seas, I hope to keep you afloat.
NOTE: I’m unable to embed 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
FTX owe a load of taxes, this gets worse for those that lost funds:
US CPI:
US PPI:
PEPE is a hate-symbol according to Coinbase:
Tether are printing:
2: Alpha Aggregation
Understanding liquidity:
Discipline 101:
Natural law demands L1s:
State of rollup sequencing:
10 free tools to gain an edge:
Can there really be a meme coin genius? Maybe:
Cross-chain bridges 101:
Bullish $ARB?
Psychology of ze halvening:
Avoid meme-coin scams:
Ponzinomics 101:
3: Technical roundup
Weekly roundup presented to you by IA crypto | Ijaz Awan:
Find him on Twitter here: Ijaz Awan Twitter
Find him on YouTube here: Ijaz Awan YouTube
A painful week sees crypto's flagship Bitcoin ($BTC) tumble over 5% as bears tack a firm grip.
BTC Weekly
As we have been calling for a few weeks now, the Weekly timeframe shows strong support in the 25-26k region and this would be a good area to re-test and hold longer term.
You can see on the Weekly chart, the intra-week wick down to the low of 25.8 represents a nice touch of the Weekly EMA ribbon. Bulls must hold this weekly EMA ribbon at ALL COSTS! A close below 24.8k would signal the loss of the Weekly EMA ribbon.
BTC Daily
On the daily chart, we are seeing a response from Bitcoin this weekend bouncing and holding above the 26.2k support. But this could be a trap.
This could be bears cooling off before a bigger push down to the 26k flat and into the 25k region.
Daily RSI is still not in oversold territory so bears do have room to push the price down lower.
SYMMETRICAL TRIANGLE
The daily chart symmetrical triangle pattern does have a downside target of 25.1k which remains valid unless bulls can somehow push price action above the apex of the triangle at 28.6k this week.
Unless that happens my bias continues to sit in the 25-26k range and I will be looking for opportunities to DCA.
Along with Bitcoin pullback, meme coins have expected cooled off this week with $PEPE pulling back over 30% over the last 7 days.
PEPE WEEKLY
As always with meme coins, they rise dramatically and fall just as hard - but can also rise up again like a phoenix as we have seen with $DOGE before
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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.