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To Raise, or Not to Raise, That is the Question!

To Raise, or Not to Raise, That is the Question!

Issue #12

January 23, 2023

Hi There! Sunday (1/22/2023) marked the start of the New Lunar Year - The Year of the Rabbit. Unlike the one-day holiday, most of the world celebrates, the Lunar New Year spans 15 days until the full moon. The Year of the Rabbit is expected to usher in a soft period focused on self-reflection and symbolizes longevity, peace, and prosperity. Namaste!

Alright, let's dig in!

The crypto markets came alive last week! Bitcoin (BTC) and Ethereum (ETH) led the weekly gains with price increases of 11.2% and 9.7%, respectively. Ripple (XRP) gained 5% over the past week with Polygon (MATIC) ending closely behind at 4.3%.

While all this crypto action was happening, a record number of leaders from governments, businesses, and civil society gathered in Davos for the 2023 World Economic Forum (WEF). From their discussions, it is clear that global disruption isn't slowing down. Buckle up! There were also talks about the future of the automotive industry - the car is becoming a connected computer on wheels.

Other key highlights from last week:

Wall Street slips as labour market data fuels Fed worry
Oil prices rally to highest close since Dec. 1 on China optimism
DappRadar Report shows NFT sales topped $101 million over 2022
More gains are likely for long-term MATIC holders

Here's what to expect in the week ahead:

ECB President Christine Lagarde kicks off the last, full trading week in January 2023. Aussie (AUD) and Kiwi (NZD) are on an inflation watch. The Sterling (GBP) is favoring the bulls, in anticipation of UK PMIs. BoC Interest Rate Decision will be the highlight on Wednesday.

In the US, pay close attention to the debt ceiling standoff, GDP estimate, and tech earnings, particularly the heavyweights - Microsoft (NASDAQ: MSFT), Tesla (NASDAQ: TSLA), and Intel (NASDAQ: INTC).

Next week's anticipated bias (not financial or investment advice):

Monday (01/23/23) - Short Bias; Expect volatility
Tuesday (01/24/23) - Track volume and sentiment; Take late morning trades
Wednesday (01/25/23) - Bullish; Trade the trend
Thursday (01/26/23) - Trend is your friend
Friday (01/27/23) - Last Friday of the month; Take profits

Trading Tip: Do not marry your bias!

January Week 01/15/23 - 01/21/23 Recap

Bitcoin, Ethereum Enjoy Bullish Week as Crypto Market Adds $77B - Decrypt

Despite the midweek correction, Bitcoin and Ethereum are enjoying impressive rallies over the past seven days.

https://decrypt.co/119644/bitcoin-ethereum-enjoy-bullish-week-crypto-market

5 takeaways from the World Economic Forum’s 2023 meeting | McKinsey & Company

https://www.mckinsey.com/featured-insights/themes/5-takeaways-from-the-world-economic-forums-2023-meeting

Wall St slips as labor market data fuels Fed worry By Reuters

Wall St slips as labor market data fuels Fed worry

https://www.investing.com/news/stock-market-news/futures-fall-as-weak-data-fuel-recession-worries-fed-comments-on-tap-2983703

Oil prices rally to highest close since Dec. 1 on China optimism By Reuters

Oil prices rally to highest close since Dec. 1 on China optimism

https://www.investing.com/news/commodities-news/oil-down-1-on-another-surprise-build-in-us-crude-stocks-2983331

NFT Sales Hit 101 Million In 2022: DappRadar Report

According to DappRadar, NFT sales crossed $101 million over the last year (2022). This is amidst a major bear market last year.

https://nftevening.com/nft-sales-hit-101-million-in-2022-dappradar-report/

Polygon: Are more gains likely for long-term MATIC holders?

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion MATIC was bullish on a lower timeframe. Short-term HODLers saw 18% profit from the recent rally. Polygon’s [MATIC] rally on 20 January posted about 10% gains after the asset rose from $0.9400 to $1.0400. […]

https://ambcrypto.com/polygon-are-more-gains-likely-for-long-term-matic-holders/

Special Tools & Strategy for the Week

One of our favourite tools in the DCG Mastermind group is Crypto Bubbles. This is an interactive tool used to gauge sentiment in the cryptocurrency market and to detect trends.

Crypto Bubbles | Interactive bubble chart for crypto currencies

Visualize cryptocurrencies like Bitcoin or Ether on Crypto Bubbles in an interactive bubble chart. Detect trends or get an overview of the cryptocurrency market

https://cryptobubbles.net/

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Disclaimer: The information provided in this report does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the report’s content as such.