It Pays to Follow the Money!

November 21, 2022

Hi There! @FIFAWorldCup 2022 has started! If you are a football enthusiast like me you would have enjoyed the Qatar-Ecuador (0-2) match on Sunday. Ecuador's Enner Valencia was the man of the hour scoring both goals for his team.

Let's delve right into the latest crypto happenings!

Analysts are saying to expect more pain in crypto as the FTX debacle unfolds. It appears that Genesis Trading is next on the chopping block. The crypto lender needs a $1 billion liquidity injection by today (Monday 11/21/2022). According to Bitcoin Magazine, "As an initial response, the parent company Digital Currency Group (DCG, the parent company of Grayscale), injected $140 million into the business to keep operations running smoothly. Yet, Genesis is now scrambling to find more capital. It’s the reason Gemini Earn had to halt withdrawals."

Trade only what you see!

Other key highlights from last week:

  • US producer price inflation fell to its lowest in over a year

  • Helix Founder Pass Official hit a max price of 0.65 ETH

  • Crypto as legal tender is making its way through the Caribbean

We are heading into Thanksgiving week:

Wednesday is packed with economic news releases. All eyes will be on the FOMC's meeting minutes for clues on the next rate hike in December. Investors will also be tracking durable goods orders, new home sales, manufacturing and services PMI readings, and the Michigan consumer sentiment report.

  • Monday (11/21/22) - Expect Bitcoin to rise

  • Tuesday (11/22/22) - Semiconductor Billings

  • Wednesday (11/23/22) - FOMC Minutes - expect the bulls

  • Thursday (11/24/22) - Happy Thanksgiving!

  • Friday (11/25/22) - Shortened trading day - Bullish

November Week 11/13 - 11/19 Recap

Genesis needs a $1 billion liquidity injection by Monday and Gemini sees significant bitcoin outflows as fears of insolvency spread throughout the industry.

U.S. PPI falls to 14-month low in October as supply bottlenecks ease

Track NFT collection's data. Analysis and 20+ indexes like rarity, market cap, floor price&whales in chart

The Caribbean nation could join El Salvador and the Central African Republic in backing crypto.

Tron founder Justin Sun is building out his Web3 legacy in the Caribbean—and paving the way for real-world crypto adoption.

Special Tool & Strategy for the Week

If you have used pivot points, you will love this!

The Murrey Math Lines indicator is a set of horizontal support and resistance lines that allows traders to identify trend reversals. The lines are suitable for all timeframes and can be used to trade different markets.

The concept was developed by T. Henning Murrey in the 1995 book The Murrey Math Trading System for All Traded Markets. Murrey Math is based on Gann’s principles and geometry techniques, assuming that smart money (large investors) behaves the same in all markets. According to Murrey, the price will either rebound from or break a key level regardless of the current trend.

Murrey Math lines are made up of eight levels or pivot points. Each line has a different meaning as it relates to price action. Murrey Math lines split price into 1/8th intervals starting from [0/8] to [8/8], with [0/8], [4/8], and [8/8] being the most significant.

Each line tells a story:

· [+3/8] – Imminent Bearish reversal

· [+2/8] – Extreme Overshoot conditions, can reverse anytime

· [+1/8] – Overshoot conditions

· [8/8] – Ultimate resistance, extremely overbought conditions

· [7/8] – Weak level, a place to stop and reverse

· [6/8] – Strong pivot reverse

· [5/8] – Top of the trading range

· [4/8] – Major support/resistance pivotal point

· [3/8] – Bottom of the trading range

· [2/8] – Strong, Pivot, reverse

· [1/8] – Weak, place to stop and reverse

· [0/8] – Hardest line to fall below, oversold conditions

· [-1/8] – Oversold conditions

· [-2/8] – Extreme oversold conditions, can reverse anytime

· [-3/8] – Imminent bullish reversal

Murrey Math Indicator can be found on most popular trading platforms like MT4 and TradingView under the Indicators.

ACCESS TO ALL OUR TRADING STRATEGIES:

ALLIGATOR TRADING

STRATEGY FOR DAY TRADERS

AND

SWING TRADERS

The Trading Mastermind - Where Entrepreneurs Master Stocks,

Options, Forex,

and Crypto! When

you join DCG Mastermind You Get Access To Over 6, 7, and 8 Figure Traders.