Weekly Market Wrap: Picking the Crypto Bottom!

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For our weekly market wrap, we go through some of the trade calls and analysis from last week, which gives us valuable insights for the week ahead.

We cover 3 main markets with a total of 200+ counters, so we will never run out of trading opportunities:

• Forex, CFDs, commodities, bonds
• US stocks, ETFs, global stock indices
• Cryptocurrencies, crypto indices

By covering a broad range of markets, we can focus our attention (and capital) on whichever market currently gives the best returns.

Click here to receive all these signals in real-time for only $67 a month! You will get several signals a day, and even taking just 1 trade the whole month can easily cover the fee, so what are you waiting for?

 

Forex Market Highlights

Product: Forex
Name: Aussie Dollar / Canadian Dollar
Ticker: AUDCAD
Exchange: N/A

Analysis: Not the best of trades, because the long-term trend is bearish, but the failed downside breakout might give a strong short-term counter-trend move.

EP: 0.8989 to 0.9000
SL: 0.8935
TP: 0.9200

 

Product: Forex
Name: Swiss Franc / Japanese Yen
Ticker: CHFJPY
Exchange: N/A

Analysis: Low-risk trend channel trade with price pulling back to the bottom of the channel.

EP: 124 to 125
SL: 123.50
TP: 127 to 128

 

Product: Forex
Name: British Pound / Aussie Dollar
Ticker: GBPAUD
Exchange: N/A

Analysis: Failed to cross resistance at top of the range, may test the bottom of the range again.

EP: 1.92 to 1.895, or any pullbacks
SL: 1.9233
TP: 1.8577 to 1.82

 

Product: Forex
Name: US Dollar / Swiss Franc
Ticker: USDCHF
Exchange: N/A

Analysis: Buying low and selling high within a trading range.

EP: 0.930 to 0.935, or any pullbacks
SL: 0.938
TP: 0.910 to 0.902

 

Stock Market Highlights

Following up on the NASDAQ 100 (US 100), it is nearing a crucial point in the market.

While i have closed all my shorts for this (and made a decent amount) and even bought more tech stocks this week, I do think that the market is still bearish long-term.

Hence I am looking at potential areas to short again, either within the yellow zone, or near the previous highs.

Will post again when price reaches the yellow zone.

Speculation on the NASDAQ 100 (US 1000) possible paths. I currently do not have any positions in this.

 

Product: US Stock ETF
Name: ARK Innovation ETF
Ticker: ARKK
Exchange: NYSE

Analysis: If you look at the red arrows, the move down both times are exactly the same. After falling about 60% from ATHs, it might be time for a bounce. Can also buy for long-term investment.

EP: $60 to $70, or on pullbacks
SL: $57 for trading, N/A for investment
TP: $90 to $100+++

 

Product: US Stocks
Name: Coca-Cola
Ticker: KO
Exchange: NYSE

Analysis: Surprisingly this counter has barely any correction during the recent market correction. If it breaks a new high, it could continue its uptrend.

EP: $60 to $61.50
SL: $59.50
TP: $64++

 

Meta Platforms (FB) gapping down 26% after poor earnings, and breaking previous swing lows.

 

Crypto Market Highlights

Product: Cryptocurrency
Name: Ethereum
Ticker: ETHUSD
Exchange: N/A

Analysis: After correcting more than 50% from its ATHs, we can try to do a bit of bottom-picking. This is somewhat of a higher risk trade, so take a smaller position size. Also suitable for people looking to accumulate some for long-term investment.

EP: 2000 to 2300
SL: 1900
TP: 4000+

 

Following up on Ethereum (ETHUSD), it is up more than 20% since we picked almost the exact bottom! ????

Overall, we were wrong on our Bitcoin analysis, but correct on Ethereum and Luna.

 

Product: Cryptocurrency
Name: Terra Luna
Ticker: LUNA
Exchange: N/A

Analysis: After dropping almost 60%, it might be possible for a rebound or resumption of trend.

EP: $44 to $55
SL: $42.5
TP: $66+++

 

Click here to receive all these signals in real-time for only $67 a month! You will get several signals a day, and even taking just 1 trade the whole month can easily cover the fee, so what are you waiting for?

Good luck, and may next week bring more excellent profits!

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