Ahoy me matey’s, welcome back pirates, during me sails this week I have found some intense treasure. Ze Twitter/Substack wars continue, so that means I have had to add images for each piece of content, you can click on them as a link to bring you to the original post.
Contents:
1: News roundup
2: Alpha aggregation
3: Technical roundup
1: News roundup
Twitter partner up with eToro to allow direct link to trade cashtags:
US CPI print:
US PPI print:
Shapella upgrade:
FTX to re-open?
2: Alpha aggregation
Airdrop farming:
RWA guide:
Nerdy thread modelling a notional market response:
Pre-sales 101:
Utilising AI for crypto research:
Understanding Layer Zero:
GMX v2:
Layer 2 season:
Food farmers bags:
On-chain analytics 101:
Solidly ve(3,3) 101:
Uniswap game theory:
A16z crypto report summary:
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
An impressive ~7% week on $BTC sees cryptos flagship extend its move through the tough 29k level and into the 30s for the first time in June 2022!
We now see that the Weekly price action is showing an impressive extended move above its EMA ribbon and now the ribbon is beginning to visibly flip. This has historically been a reliable indicator that Bitcoin is set for a big move ahead.
The other significant event of the week was $ETH! Ethereum post-Shanghai upgrade delivered an impressive 12.5% week. This was despite unwarranted fears that the price would severely dump on unlock day. If you were following my content in the lead-up to the unlock you will remember that I was one of few who believed $ETH would absorb the unlock - and we saw that play out.
The price target of this $ETH breakout as per the Ascending Broadening wedge depicted sits at the $2,200 level. However, as any seasoned trader knows, you never wait till the price hits the full price target level and ladder out slightly before.
With $ETH's impressive move, we saw a volatile week for Bitcoin Dominance. Early in the week, we saw that $BTC.D wanted to break the 48% level - indicating another extended Bitcoin-led move. With the $ETH move, however, we saw this momentum soften with Altcoins picking up some market share at the backend of the week. Will be interesting to see how this picks up in the week ahead!
That be that for another week of the seven c newsletter, I hope you all have many a fortune and treasure to be found in the upcoming week. As always, stay updated, share the newsletter if you want to spread ze pirate message, and if you haven’t already, subscribe! Thank you.
Keep it up like this!
Your writing is so awesome because you always know the right words for the right content!