Ahoy sea dwellers, your cap’n hoeem is back to bring you another week of the “Seven c Newsletter”, can ye believe this is the fifth edition already?
Pour yerself a mug of tea, a splash of whisky, or any other beverage of choice, put your feet up, and enjoy your weekly crypto roundup.
Contents:
1: News roundup
2: Alpha aggregation
3: Technical roundup
1: News roundup
Warren is building an “Anti-crypto Army”:
Binance and CZ sued:
Twitter algorthithm released:
Cooper & Kirk whitepaper, chokepoint 2.0:
2: Alpha aggregation
Utilising DeFi Llama:
Shanghai, $ETH withdrawal simulator:
Top 10 DeFi projects:
Understanding tokenomics:
Using ChatGPT to complete in-depth research:
Perpetuals on Optimism:
zkSync roundup:
Ethereum ecosystem catalysts:
Understanding BTC.D:
EVM vs IBC, what has more potential?
Running a Shardeum node for an airdrop:
Cosmos liquidity, what could this mean?
Earning yield with your $ARB:
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 yo-yo week for $BTC sees it continuing to consolidate beneath the all important $29k level. This level is proving to be a stalemate area for bulls and bears and winning this level will set a clear direction of travel for the coming weeks.
This week saw $BTC open up just shy of $28k before falling sharply to 26.5k. The rest of the week saw a slow gradual reclaim back into the $28,000 region.
As we can see on the Daily chart, Bitcoin continues to hold support above the channel which we broke from which is hugely bullish. A final push beyond the $29k stalemate, could signal a sharp climb into the early $30-33k region on cryptos flagship. However, another rejection could signal a more significant, yet still temporary, pullback down to the 25-26k could still be in play.
On the weekly, as long as we close this candle at current levels, we will have continued to remain above our Weekly EMA ribbon a good sign of consolidation after the huge 28% weekly candle we had 2 weeks ago.
We now head into an important macroeconomic week for markets with Labour figures set to be released.
Tuesday 4th April = JOLTS Job Openings
Wednesday 5th April = ADP Private Job Reports
Friday 7th April = Non Farm Payrolls
We will be covering each of these releases and it's impact on markets on my channel (https://youtube.com/@ijaz).
Arrr mateys, that be all the news, alpha, and technical analysis ye need for this week! Keep yer eyes on the horizon and yer wits about ye, for the markets be a treacherous sea. But with the Seven c Newsletter as yer sturdy ship.