🧘‍♂️Recap: Crypto Week of May. 10

Market Meditations | May 15, 2021

Including our full Technical Indicators Course.

Dear Meditators

What a week it has been. Times like this, more than ever, it’s important to go back to the basics: using TA, FA, risk management and trading psychology rather than acting on FUD. To that end, our weekly recap has you covered.

This week we provided a full technical indicators course:
– Moving Averages Guide
– Fibonacci Retracement Guide
– Volume & Open Interest Guide

And on Friday we provided TA on some of our hottest coin picks.

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FRIDAY

  • Best Altcoin Dips. Our weekly Friday technical analysis has you covered for all the best dips, including Bitcoin, Dogecoin and Ethereum. We have entries, exits and targets in this article and much more.

  • Hindsight Bias: Don’t Be Trapped By the Past. Let’s look inside the mind of Geoff, a crypto trader who has been following markets casually over the last year. He has watched as the price of Ethereum has risen, becoming increasingly certain that he predicted the rise. At $2,000 he thinks, “I said this would happen”, at $3,000, “this was always going to happen” and at $4,000, “I knew this was going to happen”. So what does Geoff do? He buys 5 ETH, convinced he can accurately predict the price. His problem? Geoff has fallen victim to hindsight bias. But what is this and how can you avoid it?


THURSDAY

  • It Ends Here. Welcome to Part 3 (of 3) of our Technical Indicators course. Today we talk about Volume and Open Interest.

  • Vitalik Buterin Donates $1 Billion. Vitalik Buterin, co-founder of Ethereum, donated over $1 billion to the relief fund in India, which has been noted down as one of the largest ever individual donations. Let’s look at the details. 


WEDNESDAY 

  • The Golden Indicator. Welcome to Part 2 (of 3) of our Technical Indicators course. Today we focus on Fibonacci Retracement. Could this be the indicator for you? Click to find out.

  • Crypto To Replace The Dollar? Hedge fund and forex titan Stanley Druckenmiller said on CNBC that: the dollar is out as the world’s reserve currency and the most likely candidate to replace it is crypto. But what does this mean for us? 

  • Uniswap’s UNI as an Oracle Token.  Ethereum creator Vitalik Buterin has proposed that Uniswap’s UNI should become an oracle token for a successful DeFi ecosystem. Chainlink is “great”, but there is room for an alternative solution, according to Buterin.


TUESDAY 

  • The True Story. Whilst the crypto markets are definitely exciting, it’s easy to feel frustrated seeing large position sizes and profits of people on Twitter and YouTube. You may feel like you’re at a disadvantage if you have a small trading account. However, it’s very possible to make serious returns with a small trading account. Here’s how.

  • Top Signals Re-Imagined. Larry Cermack tweeted that 5 of the top 10 pairs on Uniswap are dog meme coins. But what are our thoughts on this current dog coin narrative? Click to find out.

  • Fundamentally BTC. Following on from our Shiba story, Ki Young Ju suggested analysing $BTC through fundamentals. Let’s understand why.


MONDAY 

  • Moving Averages. Welcome to Part 1 (of 3) of our Technical Indicator Guide. Today’s focus is Moving Averages. A simple but exceedingly powerful tool. Use this letter to master it.

  • Institutions Buying Ethereum? 2,500. 3,000. 3,500. Now 4,000. As Ethereum price continues surging, it seems to many that it has no intention of slowing down. The question in everybody’s mind remains, “what’s causing such a sharp and rapid increase in price?”. Click to find out.

  • Banking Giant Offering Crypto For Clients. UBS Group, Switzerland’s largest investment bank is reportedly planning to offer its wealthy clients exposure to cryptocurrencies. Details are still emerging, and we have them covered in this article.


Friday: Buying the Dip on THIS Altcoin Gem (Urgent Update!)

Thursday:  How Much Money Do Altcoin Daytraders Actually Make?


Thursday: DeFi Masterclass: Boost your Income

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In this episode, we pick out the highest value insights into the DeFi space from previous guests.

Tuesday: Trading 101: Crypto Market Cycles with Koroush AK

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In this episode, we talk about maximizing returns through the understanding of market cycles.



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Disclaimer: The content in this newsletter is for informational purposes only. Nothing in this email is intended to serve as financial advice. We are not financial advisors. Every investment and trading move involves risk. Do your own research when making a decision.