Seven c Newsletter #3 🏴‍☠️ crypto rollercoaster

A rollercoaster week for crypto.

Mar 19, 2023

USDC regained peg. American banks collapsing and getting bailed out. European banks collapsing and getting bailed out. Bitcoin broke through monthly resistance once and failed, Twitter became bearish. Arbitrum announces its airdrop! Then Bitcoin broke out again, second time lucky? It looks that way.

Can you believe this all happened in the week?

1: News roundup

2: Alpha aggregation

3: Technical roundup

News roundup

Stealthy quantitative easing?

Arthur Hayes @CryptoHayes

In case you don’t comprehend how serious the US banking problems are:

Bull market returns?

Crypto Nova @CryptoGirlNova

1) The end of the bear and the beginning of the bull? The Federal Reserve added 300 billion dollars to its balance this week. The last time they added a large amount over a single week was shortly after the COVID dip. We all knew what happened to the markets back then 🧵👇

Sleepy Joe and FED turn printer on:

President Biden @POTUS

When Silicon Valley and Signature Banks collapsed, we took steps to stabilize the banking system at no cost to the taxpayer, protecting jobs and small businesses. Now, Congress must do more to hold senior bank executives accountable.

President Biden is Calling on Congress to Hold Senior Bank Executives Accountable
March 17, 2023

1. Expand the FDIC’s authority to recoup compensation from executives at banks
2. Strengthen the FDIC’s authority to bar executives from holding jobs in the banking industry when their banks fail
3. Expand the FDIC’s authority to bring civil claims against bank executives

Call it what you want:

tedtalksmacro @tedtalksmacro

QE, BTFP, YCC call it whatever you want. The Fed’s balance sheet is far more likely to go sideways and/or up now - instead of down. Adjust accordingly. https://t.co/AqjWLvJa1G

How the FED respond to banks failing:

𝐳𝐤-𝐁𝐮𝐧𝐧𝐲 𝐂𝐡𝐢𝐞𝐟 🐇 @BackTheBunny

Rather than speculate if feds will backstop Silicon Valley Bank's depositors or force a sale of the 2nd-biggest bank failure in US history, I did research on the fed response when major banks fail. The top-10 US commercial bank implosions and the government response 🧵

Credit Suisse blew up:

Bloomberg Opinion @opinion

Credit Suisse is in crisis. What went wrong? So, so much. 🧵 Let’s take a look

2008 PTSD more like 1907:

THE SHORT BEAR @TheShortBear

Burry made a good point. 2008 was a solvency crisis, what we witnessed over the past week is a liquidity crisis. While most compare this episode with 2008, I believe that the best comparaison is actually 1907. -- Crisis of 1907: The Panic of 1907 was a financial crisis set… https://t.co/emXQt5Jj5H

Bottom is in?

hoeem @crypthoem

World banks are struggling and being bailed out: Why might this be bullish for crypto? 🧵 (0/8) 🏴‍☠️

Hyperinflation?

Balaji @balajis

HYPERINFLATION IS COMMON AND VERY FAST The speed of hyperinflation takes people off guard. Cato made a table of 56 episodes. Prices in 1945 Hungary doubled in 15 hours! How fast will this be in the internet age? Buy Bitcoin and get your coins off cato.org/research/world…… https://t.co/wuj2oAqPNz

Alpha aggregation

Arbitrum airdrop, everything you need to know:

Miles Deutscher @milesdeutscher

Arbitrum just announced their highly anticipated $ARB airdrop. It's set to be one of the biggest airdrops in crypto history. 🧵: Here's everything you need to know.👇

Arbitrum ecosystem:

slappjakke.eth 🦇🔊 @Slappjakke

⛓️ STATE OF THE CHAINS ⛓️ The @arbitrum ecosystem had a meteoric rise so far How can you take advantage and find the next 100x? A megathread on the state of Arbitrum, my top 5 favourite protocols (and my top 5 unlaunched alpha protocols) 🧵👇

Building an elite crypto portfolio:

ZERO IKA 🗡️ @IamZeroIka

Navigating the crypto market could be insanely lucrative. But you need a strong ship to sail the tumultuous seas that characterize it. Here is my breakdown of how to build a solid crypto portfolio that will allow you to reach your goals and thrive. 1/36 👇🧵

Berachain is a fake chain?

hangry @kindahangry

1/ Have you heard of @berachain? It's one of the most unique and exciting upcoming projects you have to watch. In this thread, we'll cover the Berachain basics, exciting projects, and even some hidden alpha to get early exposure. 🧵 👇

Portfolio simulations:

Verum Capital @verumcapital

"What if I just invest in all the coins of the top 100 and wait?" "What if i just spot buy $ETH and hold?" "What if I only choose recent binance listings?" 7 CMC data-driven portfolio simulations + 6 key conclusions to prepare for next bull 🧵👇

Crypto Twitter god list:

Louround 🥂 @Louround_

To create generational wealth in crypto you need to access the right information at the right time! But it’s easy to get overwhelmed 🤕 After spending thousands of hours on Twitter, I created 9 lists filled with 60+ chads that cover the whole industry (steal them for free) 🥂

Portfolio trackers:

Chinchilla @Chinchillah_

Keeping track of your crypto balances can be overwhelming. But having a great portfolio tracker can save you a lot of time and money. Here is an exhaustive list of my favourite picks at the moment:

Guides to become a pro:

Crypto Nova @CryptoGirlNova

1) Learning everything about crypto can take years. Here are 10 guides and tools to become a pro in just hours 🧵 👇

Utilising buy/sell walls:

DeFi Man 🫐 @DeFiMann

Wondering why price did not flinch even though they market sold $3.5M in a very short span? This is due to 2 main levers: 1. Deep liquidity 2. Buy limit orders Let's explain briefly how you can detect these "hidden" buy/sell walls and use them in your benefit 1/10 🧵

DeFi Man 🫐 @DeFiMann

Based on their on-chain activity, seems like Arca intends to unwind their Arbitrum positions They have just sold: $2.3M $GMX $160k $DPX $200k $RDNT They have unstaked all their $GMX Make no mistake, this is bullish for $ARB Let the pump begin https://t.co/HlbCnzLC9h

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

$BTC

A powerful week for $BTC, up almost 23% on the week.

With less than a day to go before an all important weekly candle prints, a close above the weekly EMA ribbon will indicate a significant change of momentum.

The $25,000 level on Bitcoin has been a key strong point for bears with bulls struggling to reclaim this level since the collapse in Jun-22.

Breaking this level now presents a major gap up with little resistance towards the 29-32k region as per the VPVR indicator.

Short term must be wary of not chasing green candles into major pumps. There will naturally be a rotation from leveraged longs into leveraged shorts as euphoria presents opportunities to send the market back down for a pullback

$FTM

A huge week here for $FTM, up 26% as Bitcoin leads the charge.

The move this week comes despite it primarily being a Bitcoin strong week - with dominance rising over 7%. Despite that, Fantom continues to prove its ability to pump when market rotates risk on - a great indicator for any altcoin for the next bull run.

Fantom, on the weekly chart, however still has some more work to do in order to reclaim its EMA ribbon as Bitcoin is trying to do. A close above 51c would make this a reality and would be a major coup.