Here is the link to this week's crypto recording. This is a chance for us to zoom out, put the noise aside, and discuss the most important charts in the world of crypto.
 

In last week’s letter, we outlined the various downside risks we were monitoring. Namely, with Bitcoin retesting the 2021 highs and profit-taking occurring on-chain, we pointed to a number of developments that could’ve prompted a more defensive posture. As such, we've seen sellers become dominant once-again, with Bitcoin and many altcoins falling below our risk levels this weekend.

Crypto markets are trading at a rather significant inflection point; they need to hold here, else we're in for a period of consolidation.

This morning, I ran our emerging cryptocurrency scan, which alerts us to when a cryptocurrency exceeds a certain market-cap threshold for the first time. When a cryptocurrency is climbing the market-cap ladder, we're the first ones to know about it.

I couldn't help but mention the cryptocurrency we got alerted to today.

In Monday’s letter, we walked through how we’re monitoring Bitcoin’s downside risks in the face of an incredibly strong tape. Even though this environment is unequivocally rewarding buyers, it’s always prudent to manage our risks as traders and investors. There is still a probability that Bitcoin consolidates it’s gains near the former all-time highs achieved in 2021; but at the same time, we need to let money flow dictate our execution, not opinions.

So in keeping true to this theme, today’s letter will cover a number of new trade ideas we’re monitoring.

As Bitcoin approaches its previous all-time highs and our primary long-term target, we remain vigilant regarding several developments that may prompt a shift towards a more tactically bearish outlook. Amidst these considerations, it is imperative to prioritize money flow over subjective opinions, allowing it to guide our execution.

The easy trade to make in this space is to simply buy Bitcoin on a breakout to new all-time highs. But should you want to get more creative with a higher risk/higher reward trade, we have you covered.

Here is a list of trade ideas organized by date, ticker symbol and directional bias. Please make sure you have clicked on the link and read the details surrounding the trade before acting upon any of them. Also, make sure you have checked with your financial advisor and tax accountants to make sure you are suitable to be executing what is discussed on this website. The risk management procedures and targets are detailed for each idea. Please read and review the terms and conditions page before making any trades of your own.

Bitcoin has hit our primary long-term target of the former all time highs near the upper 60,000s. So what now? Does the entire asset class cool-off? Or does money rotate from the extended names down into the assets only beginning to participate?

Bulls remain in full control of the crypto tape, with Bitcoin retesting all-time highs. But as journalists talk of all-time highs, we're remaining mindful that this is a logical place for Bitcoin to consolidate its gains. The question that remains is how Bitcoin resolves from this significant level of supply, and looking further, how rotation impacts the speculative end.

Good morning,

Welcome to your daily crypto clarity

WHAT’S HAPPENING

Crypto assets continue their relentless bid, with Bitcoin just a stone's throw away from all-time highs. Ethereum is gone up in a straight line, and is trading right beneath a long-term zone of supply near 3,500.

KEY STORIES

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Crypto markets continue to rally higher, lead by Bitcoin and Ethereum. Bitcoin finds itself a mere stone's throw away from its all-time highs, while Ethereum trades beneath a key level of resistance. With the risk vs reward tilting out of favor from the two largest crypto assets, it begs the question where well-defined opportunities lie in the crypto complex.