Seven c Premium #49 🏴☠️
If you want pro trading education + on-chain insights into the hottest coins, open this.
This market is difficult yet it still presents opportunities, for most it’s better to sit it out, for some it’s better to read this newsletter, get trading education, learn, adapt, and overcome.
This is a premium newsletter, however, because I deem it important I have decided to give you all for FREE (scroll down) the trading education from one of the very best to do it, my friend Stoic, this is usually a paid section.
If you feel you find value from that then here’s what else you can expect for the price of two coffees a month (£9.99):
Smart Money Movements: Follow the capital trails of the savviest investors.
Emerging Protocols: Discover the newest, groundbreaking crypto projects.
Dynamic Money Flows: Decode the market's capital shifts.
Critical Token Unlocks: Stay one step ahead with key unlock insights.
Optimal Yields: Secure top returns in ETH and Stablecoins.
Trading Education: Unlock elite insights from Stoic (our pro trader).
Let’s take a look below…
A discord server for premium members to chat to me and eachother:
Note, this is not a service you are paying for but merely a bonus that some of you requested, you are paying for the analytics delivered to you, I can’t be active 24/7 there but will do my best to get back to you guys and provide some insights through the week.
When you arrive link your premium account to Substack email for premium access.
Data sourced from: ChainEDGE, DeFiLlama, TokenUnlocks.
Contents:
1: Stoic’s trading corner
2: Smart money
3: New protocols
4: Money flows
5: Token unlocks
6: Top narratives
7: Top yields
8: Tutorials (how to utilise the newsletter)
1: Stoiiic’s trading corner
Grab a coffee or something. This section is a bit longer than usual because I believe there is a quite a bit to learn.
Review from last week:
Last weekend we discussed the potential for opportunities as long as BTC showed acceptance into the HTF value area. Unfortunately, this was not the case as we had a strong sell-off that sent us back down outside of the low side of value once again.
That’s the issue with illiquid moves. When price pumps on thin books it creates an imbalance that can swiftly retrace once price starts retracing into those areas. So chasing moves like that is typically not the best idea. When I talked about “looking for acceptance”, I meant I was waiting for a pullback and observing for a reaction around 62-63 to demonstrate continuation.
There was a naked point of control left around 61.5 which I did not want to see tagged. The reason being when the tide starts to shift and the trend is strong - these point of controls start getting left behind (which is what you want to see).
If you follow me on Twitter, I comment on all of this stuff as it’s happening.
Currently, in no man’s land going sideways under HTF Range VAL. Although the structure from the lows would still suggest a higher low - there is not much to suggest a strong move to the upside currently besides some absorption that has been occurring on dips into 58.
The following shows spot orderbook skew as well as any significant levels in the book. As you can see, spot has been eating on the dips into 58. However, the reactions have been weak and currently you can see some stacking on the ask side into 62. Along with this Coinbase has been trading under Binance Spot i.e. Coinbase premium is skewing negative which is typically not the best for sustained upside.
Not to say this can’t change as the market is dynamic but this is currently where we are.
So what are a few things that can demonstrate strength?
Coinbase premium trending positive again.
Spot bids chasing vs. dumping into any upside.
Decisive reclaim of HTF value.
Continued absorption at the lows i.e. spot continues to bid and provide support.
Here’s a tweet from earlier today on this:
This is a more detailed look on HTF including VWAPs etc.:
So where does this leave us?
In the immediate vicinity, there is a low that hasn’t been swept I would like to see the reaction we get from there if the dip is provided or observe for weakness (or strength) if there is upside into 62 (they front me on my short the first time around).
In my opinion, we’re sitting in the middle of nowhere currently. Need to know when to sit on your hands.
Yes, it pays to be early but you also stand to lose the most when that’s the case.
Marathon not a sprint.
Have a great weekend pirates.
2: Smart money
Smart money are the top 0.01% profitable DEX traders, I’ve taken the tools I use to see the inflows/outflows on a week by week basis, each contract address can be copied and pasted into DEXscreener where it is easy to buy/sell find their Twitter accounts + docs.
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