Stormrake - Insights #Donald TrumpStormrake - Insights #Donald Trumphttps://www.stormrake.com/blogs/tag/donald-trumpThu, 07 May 2026 02:25:00 +1000http://zoho.com/sites/<![CDATA[From Global War Tensions to Green in just 12 Days]]>https://www.stormrake.com/blogs/post/from-global-war-tensions-to-green-in-just-12-daysWhat a wild couple of months we’ve had since our last article. There’s been no shortage of excitement in the market – to say the least! We’ve witnesse ]]>
What a wild couple of months we’ve had since our last article. There’s been no shortage of excitement in the market – to say the least! We’ve witnessed Bitcoin not only just break All Time High’s once again since the retail panic of April (well done Tarriff scalpers!) but we’ve now just speedrun a potentially devastating and prolonged conflict in the Middle-east. From Israel’s initial attack into Iranian territory, all coming to a conclusive yet miraculous ceasefire in a mere 12 days, now being coined the “12-Day-War” by the White House. Trump truly has quickly become one of the most influential and strongly mandated POTUS’ of our time. Not only is he leading America’s economic boom as we’re seeing asset prices resurge back to All Time High’s across the board despite some initial policy trepidation surrounding trade policy, but now we’ve got Donald “Daddy” Trump actually making serious inroads for the ever elusive notion for peace in the Middle-east, even if it comes at the price of “Kinetic Diplomacy” in the form of highly sophisticated Bunker Buster missiles and advanced stealth bomber capability on a strategically planned Sunday evening at midnight. Since then, we’ve seen nothing but green on the charts for Risk-on assets, signaling that despite the macro-uncertainty of the first half of 2025, we’re good to move forward now and finish off H2 with conviction and strength. Let’s take a look at how Bitcoin has not only survived but thrived throughout the last few months. 

Bitcoin has kept maintaining momentum to the upside for the most part over the last few weeks since bouncing off our predicted major support zone around the mid-$70K range. Actually, as mentioned earlier, we saw Bitcoin briefly push to new All Time High’s once again for a few days, reaching a peak of exactly $112K before coming into the current sideways price action we’re currently in. Another stark reminder that it wasn’t even a month prior to the new highs that people were panicked about Trump’s Tarriff policies and many retail traders were in a perplexed state of “deep fear” as seen on the Fear & Greed Index. Not us however; we remained steadfast in our long positions and doubled down on telling our clients how this was a prime-time for loading up the truck and adding to position sizes. Those that took action have done exceptionally well in a short amount of time, as we knew back then that those exceptional market opportunities come seldom and remain few and far between. So why the sideways price action for the last two months then since the huge rally in May? To that, all I have to say is one word you’ve heard me repeat time and time again this cycle; Accumulation. This is nothing to fear, rather – again providing excellent opportunity for market participants to add to their positions, especially those that missed out on when we called bottoms back in April. Looking at the Price Action on the charts, we can in fact see we’re currently in the midst of another Bull Flag pattern and have been since late-May when we pushed the $112K high.

A clearer view of the chart can be found here: https://www.tradingview.com/x/CGhOb49p/

Not only is this a Bull Flag, but keen eyes and avid readers of my previous articles will notice a similar pattern of price progression; that being the ever-subtle yet exciting Inverse Head and Shoulders pattern. Two of these bullish patterns together provides excellent confluence and further signals the notion that the market lows are well and truly in, now with much more upside to come sooner rather than later. To further solidify the Inverse Head and Shoulders, we can see that it’s following a textbook “smaller right-shoulder” and has held steadfast when testing the strong support found at $98K.

A clearer view of the chart can be found here:https://www.tradingview.com/x/FRC6U6UI/

The strong bounce off this level happened exactly in the midst of Operation Hammer and the near-immediate ceasefire that followed shortly after. Just like I’ve outlined many times before, don’t follow the news narratives, rather look at the charts – they’ll tell you all you need to know. As a result we’ve seen a nice modest gain since then across risk-on markets, although we’re still within the broader accumulation range, therefore the opportunity for those still on the sidelines currently waiting to allocate further capital is still clear and present, however I doubt it will remain this lucrative for much longer now as the cascade of bullish price action and strong fundamentals narratives are ramping up to create the beginnings of a euphoric cacophony. Whilst Bitcoin remains on its historic tear despite all the macro headwinds, let’s take a look over and see how the altcoin market is doing. 

The rest of the crypto market remains undervalued for the most part, yet all the top 10 majors appear to be in their own versions of an accumulation structure. Ultimately, market lows seem to be in across the board since the Trump Tarriff dip which was absolutely necessary and needs to be the case for the stronger Alt-assets to remain bullish for the remainder of the cycle, although we haven’t seen them break out of their aforementioned accumulation zones either quite yet. This means even for the major alts, the opportunity to buy low before moving higher also remains clear and present just like Bitcoin. Ethereum as the number #2 asset is still undervalued, yet holding its accumulation zone of support that we’ve outlined in previous articles. This is slowly but surely stacking the odds in its favor that there’s a lot more upside than downside risk from here on out. Holders almost always have their patience rewarded for holding in periods of “boring” accumulation periods such as this - just remember it’s not about timeframes; it’s about levels and trend. Trend is holding for ETH, so being bearish on it here in nominal terms is a massive counter-trade and usually these kinds of market participants that spread fear and “pile-on” an underperforming asset right at its market lows. Just like the Fear and Greed Index that we outlined in previous articles, if you counter-trade the sentiment of the masses, the odds are already in your favor. ETH/BTC is still above our projected must hold level, likely to keep increasing in the coming months. I believe this will align with when Bitcoin surges past the $112K high with momentous rise and slingshots to the next $150K target.

A clearer view of the chart can be found here:https://www.tradingview.com/x/cXFjh6Ni/

Historically, these big moves later in the cycle become the perfect catalyst for retail trades who missed the earlier cycle gains in Bitcoin, who’re looking for the “next-best-thing”, and just has its done the previous two cycles, I believe ETH will still retain the #2 podium place for a while longer and will fit that criteria as a moderately safe play for many newer investors looking for an excellent deal. In contrast, let’s take a look and see how XRP is performing relative to its counterparts as despite the macro-headwinds of late, it’s maintained the top 3 podium position (excluding Tether) and appears to be well poised for an exceptional late-cycle rally. 

XRP pulled back with the rest of the market exactly where we predicted, in-line with BTC’s pullback at $109K back in December. Just as XRP pumped with Bitcoin in December, and has pulled back in price during bitcoin accumulation correction since then. I suspect it’s waiting for Bitcoin’s moment to resurge with conviction well past those December highs in order to keep up the pace once again. XRP during this accumulation period has held our previously predicted major support level perfectly at the lows of $1.60 since April and has bounced off with conviction and momentum since. Despite the recent 12-Day-War turbulence of late, we can see XRP is still making Higher Lows, again - retesting the top end of our support channel at $1.90 and continuing to push to higher local prices. Although we haven’t made a confirmed local Higher-High just yet, we can see that XRP over the last few months has solidified its price support and appears to be forming one of our favorite patterns this cycle; the Bull Flag.

A clearer view of the chart can be found here:https://www.tradingview.com/x/COZi7pG3/

So long as XRP holds the green zone of support above the 2021 highs, then I see XRP only gaining momentum from here once Bitcoin has given the green light to the Altcoin market that the final “melt-up” phase of the Bull run is ready for liftoff. 

As for the discussion on Interest Rates and the narratives surrounding monetary policy coming out of the FED, as of July 1st, Chairman of the Federal Reserve – Jerome Powell was clear that Interest Rates remain in a sort of proverbial “holding-pattern” shifting the reasoning for this towards Trump’s ever evolving Tariff policies. It appears the FED want more certainty surrounding economic data before pulling their one-and-only lever to maintain fiscal stability; the lowering of interest rates. Trump being the everenigma tic and comedic leader of the free world, naturally sends a handwritten letter to Powell stating “You are as usual ‘too late’. You have cost the USA a FORTUNE and continue to do so – you should lower the rate by a lot!” making sure there are no misconceptions on his stance towards relatively hawkish monetary policy under his Presidency. The FED being a self-governed body however don’t answer to the whichever POTUS is currently in power, therefore we’ll need to see if there’s any further headbu􀆫ng from here between the two as Trump’s economic roadmap for America’s golden-age does actually hinge on easily accessible capital and free-flowing debt to keep the Fiat-driven equity markets propped up and drunk on cheap money for consistent long-term growth in post-GFC world. 

What we’ve witnessed over the last few months is nothing short of a masterclass in how markets respond not just to macro events, but to the sentiment and positioning that follows them. From the chaos of global conflict to the calming green of market recovery, we’ve seen how quickly narratives can shift, however the charts always tell the truth. Bitcoin continues to lead with strength, supported by classic bullish patterns, while Ethereum and the altcoin majors remain quietly coiling in powerful accumulation zones. The 12-Day-War, Trump's kinetic diplomacy, and the ongoing tension between fiscal and monetary powers have only fueled the urgency for smart capital allocation in this cycle. As we move deeper into H2 2025, the window of opportunity narrows. The charts are aligned, sentiment is cautious, and the setups are clear; those who remain focused and positioned now may well be the ones leading the charge when the next leg of the bull run ignites. The message remains the same - stay informed, stay patient, and stay in position. 
Written by James Ryan

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The information in this newsletter is general only. It should not be taken as constituting professional advice from the author - Stormrake PTY LTD.
Stormrake is not a financial adviser and does not provide financial product advice. You should consider seeking independent legal, financial, taxation or other advice to check how the information relates to your unique circumstances. Stormrake is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by this newsletter.
 

Disclaimer 

All statements made in this newsletter are made in good faith and we believe they are accurate and reliable. Stormrake does not give any warranty as to the accuracy, reliability or completeness of information that is contained here, except insofar as any liability under statute cannot be excluded. Stormrake, its directors, employees and their representatives do not accept any liability for any error or omission in this newsletter or for any resulting loss or damage suffered by the recipient or any other person. Unless otherwise specified, copyright of information provided in this newsletter is owned by Stormrake. You may not alter or modify this information in any way, including the removal of this copyright notice.

Copyright © 2024 Stormrake Pty Ltd, All rights reserved
]]>Thu, 10 Jul 2025 16:20:07 +1000<![CDATA[Welcome to Moon Season (We’re so back)  ]]>https://www.stormrake.com/blogs/post/welcome-to-moon-season-we-re-so-backAfter all of the Fear, uncertainty and doubt since the beginning of the year, those who saw what we saw and took the necessary action to add to their ]]>
After all of the Fear, uncertainty and doubt since the beginning of the year, those who saw what we saw and took the necessary action to add to their positions during such a prime market opportunity are being rewarded in spades as we speak! With full market-wide reversals back to the upside, we’re very glad to see that since the last article I wrote back at the beginning of April before the final sell-off and capitulation leg took place, we’ve not only hit our targeted support zones across BTC and other Major-alt coins, but we’re back on track regaining the previously lost local trend with extreme bullish momentum that is likely to continue for the foreseeable future. Ultimately, this means that the broader market crash in response to global narratives we saw is now nothing but a blip on the radar as we continue the Bullrun. Trend wasn’t lost across any of the major assets, even looking over at US Indices; the S&P500 (yes – we keep a very close eye on this too) didn’t lose major trend support and completed a fairly textbook retest correction which is now being followed by a continuation to the upside, likely to All Time High prices again with feverous momentum – another great sign that the bottom is in. Even the Fear and Greed Index is pushing 70+ again, now in “Greed” territory, compared to when sentiment was down in the slumps in “Extreme Fear” around 15 just a mere 6 weeks ago. Make no mistake, that’s just how quickly things change in this space. Let’s take a look at where we think things are going from here, so we stay ahead of the curve once again as we melt-up into the retail euphoria phase that is to come.

Since our last article, we’ve seen the capitulation and market sell-off reaction that we predicted in response to Trump’s Tariffs. This has taken us to the zone of support which I outlined in the previous April article for a great deal of assets that we’ve been actively trading, the most notable one being Bitcoin of course. We got the final leg of the sell-off very quickly for BTC and for the broader market as a whole within days of publishing the article which gave the heads up to our clients that this was a high likelihood. As a result, it should’ve been no surprise too that we also landed into the strong support zone I outlined in that article, which consequently saw us bottom at precisely $74,434, of which we then started to move back up hard and fast with a “V-Shape” reversal pattern. 

A clearer view of the chart can be found here:https://www.tradingview.com/x/EPRxOLse/

Not only did we start heading back up hard and fast, which is to be expected after a large emotional sell-off, but we also with haste started breaking through multiple local weekly resistance levels in order to solidify the notion that the bottom is well and truly in. These levels are derived from the previous trend resistance and landed us both $86,084 and $96,262, both of which price is holding well above now at a whopping $102,000 again (That didn’t take long!) All that’s left now is for BTC to keep up the momentum and crack the previous $109,356 High that we set in December, so that we can carry on melting up as we enter the later stages of this Crypto Bullrun.

With this being said, clearly Bitcoin has performed tremendously as the leading asset for the Crypto-space this cycle. Despite being in the later stages of the Bullrun, its strength this cycle cannot be underestimated; however, as we’ve detailed in previous articles, the dominance of Bitcoin has always reached a plateau each and every cycle where despite continuing to rise nominally in price, its strength relative to its altcoin counterparts starts to diminish as retail and now institutional investors will begin to hunt down those fundamentally sound and resilient projects that are somewhat undervalued in order to close out the maximum possible gains for their portfolios as prices start to get crazy from here.

Looking at BTC’s Dominance chart once again, we can see the channel of resistance we outlined earlier in the year to clients still holds true as the index appears to be topping precisely where we anticipated, and it couldn’t come at a more opportune time.

A clearer view of the chart can be found here:https://www.tradingview.com/x/BZ2q2inw/

At the start of May, once the recovery in nominal prices across the board started to pick up speed, we consequently saw BTC’s Dominance top-out around 65% which was the top of our predicted resistance zone. Since then, we’ve started to pullback and given that major altcoins individually remain bullish from here, this correction in BTC’s Dominance is likely to continue; therefore, meaning that Altcoins are gaining quicker in gains relative to Bitcoin. Again, this doesn’t mean that Bitcoin is going down in nominal prices, rather that altcoins are going up quicker and faster in % gains relative to BTC’s continued upwards growth. I suspect BTC Dominance will likely continue to fall from here for the remainder of this Crypto Bull run cycle, at least until shortly after the major altcoins top-out in their respective nominal dollar prices; of which then when the bear market eventually starts to set in, BTC will renormalize and re-absorb the majority of Cryptocurrency liquidity once again despite being in a bear market, just as it’s done historically in previous cycles. Let’s take a look at two of the Major altcoins now that we’ve been keeping a close eye on which we believe are likely to perform well from here on out over the coming months.

Ethereum took a beating with the rest of the market during the Trump Tariff scare which makes a lot of sense as FUD (Fear, Uncertainty & Doubt) doesn’t discriminate when it takes hold and isn’t rooted in much logical reasoning. As a result, we saw ETH lose its previous support and double-bottoming structure, falling into another major trend support level at $1554 where it has since held firmly. 

A clearer view of the chart can be found here:https://www.tradingview.com/x/BiQ2pPUB/

The good news is that despite what might appear as ugly price action at first, this has positioned ETH to be extremely undervalued whilst still retaining the #2 place in the Crypto pecking-order in terms of Market Cap this entire time. These types of “good deals” amongst major tokens are EXTREMELY rare and should not be ignored. This is why since the bottom has come in across the entire market, we’ve seen ETH not only reverse back up too, but we’ve seen it in fact outperform significantly compared to not only other major altcoins, but the entire market as a whole, pumping near a whopping 100% in just the last 5 weeks. This because “The harder they fall, the harder they pump” and the ETH/BTC chart echoes this sentiment as well, showing that it’s currently holding the long-term Macro Bottom from pre-covid, therefore meaning we likely will bottom out here again creating a very strong “Double-Bottom” support, further giving credence to the notion that ETH will continue to outperform BTC from here despite falling out of favor in the eyes of retail earlier this cycle. 

A clearer view of the chart can be found here:https://www.tradingview.com/x/BWQmuWqW/

The fundamental narrative that’s shifting for ETH now which is helping support this shift in Price Action is that the Pectra Upgrade has gone live; simply meaning that ETH is finally starting to correct its scalability issues that created high gas fees and network congestion which has been plaguing users of the network for a number of years.

While it’s nice to see ETH finally catching a break, there’s another major Altcoin asset that had once previously fallen out of favor too, but this cycle has seen it truly come back with a vengeance, and we don’t have to look far down the market capitalization list to find it…
XRP, the token of Ripple I remember wasn’t even on people’s radar last cycle due to the now determined unsubstantial lawsuit filed by the SEC and the delistings that followed the suit. Since then, Ripple have reclaimed their deserved place in the top 3 pecking order of assets (not including Tether), their token; XRP has truly held up well this cycle, undoing any of the previous cycles poor performance and is well poised to take advantage of this cycle’s continued growth. From a Price Action standpoint, XRP is holding up much better than ETH as it didn’t lose structural trend despite falling a sizeable 52% from peak to trough from when we were predicting an imminent market pullback in December of last year. 

A clearer view of the chart can be found here:https://www.tradingview.com/x/1Umm4GiG/

XRP held its uptrend on the weekly timeframe, unlike ETH; therefore, despite XRP falling to a low of $1.61 where we correctly targeted our support zone months prior, it shouldn’t prove too difficult to keep creeping up higher from here as there’s far less headwind in ways of resistance to stop continued price appreciation. Conversely, XRP has also been setting up two different yet very bullish patterns over the last few months, both a Bull flag and an Inverse Head and Shoulders. Similar to what we predicted BTC would do around $50K pre-US Elections, I wouldn’t be surprised to see XRP do something similar from here. Given its strong narrative and ETF-hype as a well-positioned American-based Cryptocurrency project with close ties to the Trump Administration, this one is looking finally ready for incoming All Time Highs for the first time since January of 2018.

Finally, there’s a combination of Bullish narratives hitting the market all at once since the market’s price recovery; between the beginnings of a deal for the China & USA trade war negotiations, a potential ceasefire for the Ukraine and Russia war, US CPI Inflation data coming in lower than forecast once again last week and of course Trump’s 90 Day pause on Tariffs, there’s no wonder prices are reflecting the bullish sentiment that we’re going higher from here. Even the S&P500 has done a textbook V-shape reversal off its major support at 4825, now back at near 6000 again; a very similar recovery to how the index pumped coming out of the March 2020 covid crash. It’s clear that the market’s perception of all these cascading narratives has shifted radically from “It’s over” to “We’re so back.” All of this is great for Cryptocurrency, and with the first glimpses of a late-stage alt season truly beginning, make sure you’re ahead of the curve with us at Stormrake and ready to seize the opportunity like many of our clients did in the last 6 weeks – because believe it or not, you’re still early.

Written by James Ryan

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Reach out to us at Stormrake for further market insight and allow us to help you navigate the sea of mania and laser-eye memes, so that you can realise your goals in the market!

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The information in this newsletter is general only. It should not be taken as constituting professional advice from the author - Stormrake PTY LTD.
Stormrake is not a financial adviser and does not provide financial product advice. You should consider seeking independent legal, financial, taxation or other advice to check how the information relates to your unique circumstances. Stormrake is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by this newsletter.
 

Disclaimer 

All statements made in this newsletter are made in good faith and we believe they are accurate and reliable. Stormrake does not give any warranty as to the accuracy, reliability or completeness of information that is contained here, except insofar as any liability under statute cannot be excluded. Stormrake, its directors, employees and their representatives do not accept any liability for any error or omission in this newsletter or for any resulting loss or damage suffered by the recipient or any other person. Unless otherwise specified, copyright of information provided in this newsletter is owned by Stormrake. You may not alter or modify this information in any way, including the removal of this copyright notice.

Copyright © 2024 Stormrake Pty Ltd, All rights reserved
]]>Tue, 20 May 2025 15:43:43 +1000<![CDATA[Buy when there’s Blood in the Streets]]>https://www.stormrake.com/blogs/post/buy-when-there-s-blood-in-the-streetsBetween the deluge of sensational narratives, extreme retail sentiment swings, and the overall uncertainty of how Trump’s macro-economic policies will ]]>
Between the deluge of sensational narratives, extreme retail sentiment swings, and the overall uncertainty of how Trump’s macro-economic policies will affect the US and global markets as a whole, it’s no surprise everyone has their own theories of where things are going from here. One thing is certain though, history may never repeat; but it sure does rhyme. The great and illustrious Warren Buffett once said: “Buy when there’s blood in the streets, even if the blood is your own.” The difference between those that survive multiple cycles and those that chop up their gains in this game are the ones who look at the bigger picture, seeing where we were before and where we’re going from here. As are many things in life, consistency is key, and if nothing’s changed – we keep stacking. Despite our BTC price pullback of 30% and our predicted mid-cycle highs at $102K, if we look back historically, we can see that we’re well within historical tolerances for a BTC retracement. Such optimal buying opportunities are generally rare in the later stages of a bull run and we don’t plan on letting it slip away from us! Let’s take a look at how this mid-cycle correction stacks up over Bitcoin’s 15-year history as an asset class.

We can see in the last two cycles where Bitcoin started to reach the mainstream, during the early stages of its maturity Bitcoin has always taken the opportunity in its later stages of a bull run to have a sizeable correction before creating what’s known as a “blow-off top,” going on to print eye-watering all-time high prices before eventually topping out. Back in 2017, this happened in September of that year giving us a whopping -40% correction before then going on to gain a blistering +560% gain in just the following three months.

A clearer view of the chart can be found here:https://www.tradingview.com/x/QtmXYQPP/

Being someone who was buying hand-over-fist as a bullish market participant back then too, watching this all unfold; those bears who sold their bags too early were absolutely livid to say the least. It was the “China-Ban” narrative back then which caused the sell-off, of which might’ve sounded daunting to newbies at the time, but it ultimately didn’t change anything in the long run for ever-growing demand to acquire BTC globally. Ironically, similar FUD (Fear, Uncertainty, and Doubt) surrounding China creeps into every market cycle. Historically, those who’ve bought these dips have always done well. I suspect the current rhetoric in relation to Trump’s Trade War with China will fare no differently as BTC demand is largely very correlated to the exponential expansion of currency circulation globally, in turn creating a perpetual risk-on environment where BTC thrives in the long run. Bitcoin was created as a remedy for reckless currency expansion and as much as the market is hanging out for further rate cuts from the US FED and here locally by our own RBA, the stark reality is that while this makes the cost-of-living more affordable in the short-to-medium term, lowering rates is a sure way to devalue your local currency further, and this devaluation is exactly what makes Bitcoin and other risk-on assets extremely bullish long term.

Going back to the bull cycle in 2021, during the month of April the markets were at a point where they had been climbing aggressively for 6 months straight, so much so that we got retail euphoria almost too quickly which led to an overabundance of retail leverage trading which in turn created an inevitable yet brutal correction seeing BTC declining a staggering -55% in just three months. When the market eventually recovered after this correction in the following months, although it printed a marginally higher-high and all-time high of $69,000, unfortunately the momentum had mostly already been lost as retail had less new capital to enter the markets after the huge liquidation surge and ultimately new capital was scared away as the macro-economic narrative also started to shift towards a rising interest rate environment in the later part of the year. 

A clearer view of the chart can be found here: https://www.tradingview.com/x/Q2vPFVCC/

This was the nail in the coffin for risk-on and speculative assets such as cryptocurrency and is the primary reason why the 2022 bear market followed swiftly thereafter. With this being said however, it’s clear that in both the 2017 and 2021 cycles, when the inevitable mid-cycle correction came in, once averaged out, both had average corrections of approximately 47.5%, of which new all-time highs still were printed that cycle within the following months before the new top was in. This current cycle correction has seen us pull back so far only a mere 30% from $109,358 down to $76,555; therefore, we’re well within expected tolerances for a mid-cycle correction. It’s still possible with the uncertainty in the market currently that we might want to make another local lower-low. If this is the case, we’re looking at headhunting a retest from the breakout of the previous highs. This would land us around $72K, which also coincides with a very juicy 0.618% Fibonacci retracement. 

A clearer view of the chart can be found here: https://www.tradingview.com/x/fQsoA5rf/

If prices go here however, we will need to see a significant bounce because any further short-term bearishness at this stage will make us lose trend on higher timeframes and consequently force us into a bear market cycle. In the end, these types of “must hold” supports end up serving as great opportunities to see some quick gains as a large bounce from here is likely, given its high importance to hold.
Ultimately, this means our projections for a continued bull run in the coming months remain unchanged and serve to prove the age-old adage that if history rhymes yet again, that any buying here would be highly opportunistic and may make for some excellent and potential fast gains for risk-tolerant traders given the advantage of prices having had come down to these levels across the board first before moving higher. Given that these sell-offs are generally emotional and sentiment-driven, funnily enough we can chart this too with something known as the “Fear & Greed Index” which is also publicly available and provided by coinmarketcap.com. 

This is an excellent tool we can use in order to gauge retail sentiment for the crypto market as a whole, giving us a clear indication based on order book volumes and buying/selling metrics on-chain to determine if crypto may be either overbought or oversold at any point in time. This index gets updated daily and we’ve used it with a high degree of accuracy in conjunction with technical and macro-economic analysis to predict market tops, bottoms, and even mid-cycle corrections in between, the latter of which we’ve been experiencing post-Trump victory rally.

Inexperienced retail traders tend to buy into the hype narratives, usually when everyone has found out about "x" opportunity, at this stage everyone is convinced it’s a sure bet and everyone’s already bought. Therefore, all that’s left is for sellers to come in and take profits. This is how a market top forms; because at a certain point you reach peak-market saturation where the only people filling the order books are sellers, whereas the buyers that haven’t got much capital left to keep adding to their positions quickly get overwhelmed and price spills back over to the downside. The opposite can be said for bear markets and mid-cycle corrections. When all the "paper hands" in the market have been shaken out due to uncertainty surrounding macro-economic narratives, fear, and doubt, all that’s left is for buyers to swoop in, scoop up all the good deals, and very quickly the few sellers that remain are overwhelmed by the enormous buying power and prices reverse back to the upside.
This index is rated on a scale between 1-100; and as you can see the last time the index went well into the "Fear" territory, it was back in August of 2024 right at the bottom where I was also predicting our BTC bull flag where price eventually tagged $50K USD, and quickly got bought up and pumping massively thereafter in the lead up to Trump winning the US Elections. At the bottom in August, the index reached a low of 26. If we take a look over at the current mid-cycle correction that I predicted would happen eventually once BTC hit $102K, you can see the healthy correction that we’ve since had has led us to a low on the Fear & Greed index conversely at similar levels, in fact we reached a low of 15 on the index right on March 11th just a few weeks ago. If history is to repeat, once you reach these "Extreme Fear" levels where we are now, it’s not too far-fetched to think that the opportunity for many becomes too tempting, usually followed by prices quickly reversing back to the upside. I suspect this is what we’ll see again now, given that nothing has changed in terms of the fundamentals for BTC and the macro-economic landscape still remains bullish market-wide. 

In the words of the great Warren Buffett “Be fearful when others are greedy and be greedy only when others are fearful.” This couldn’t ring truer with where the market is at right now. Currently at these Extreme Fear levels, we’re at a pivotal point in the market where if the macro-economic conditions remain in favor of risk-on assets just as we’ve seen them be after every uncertain market correction, well; these entries here will be talked about with a lot of reverence one day. If nothing’s changed, our strategy remains so too. Keep stacking, keep learning and growing, because if history taught us anything, it’s that a lowering of interest rates and global currency debasement doesn’t solve itself overnight with a few tariffs. The long-term direction of the economy and broader markets are crystal clear, just like how we believe Bitcoin and other fundamentally sound cryptocurrency projects will have clear skies ahead, along with new all-time high prices to come with.

Written by James Ryan

Create a brokerage account today

Get Started

Reach out to us at Stormrake for further market insight and allow us to help you navigate the sea of mania and laser-eye memes, so that you can realise your goals in the market!

No Advice Warning 

The information in this newsletter is general only. It should not be taken as constituting professional advice from the author - Stormrake PTY LTD.
Stormrake is not a financial adviser and does not provide financial product advice. You should consider seeking independent legal, financial, taxation or other advice to check how the information relates to your unique circumstances. Stormrake is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by this newsletter.
 

Disclaimer 

All statements made in this newsletter are made in good faith and we believe they are accurate and reliable. Stormrake does not give any warranty as to the accuracy, reliability or completeness of information that is contained here, except insofar as any liability under statute cannot be excluded. Stormrake, its directors, employees and their representatives do not accept any liability for any error or omission in this newsletter or for any resulting loss or damage suffered by the recipient or any other person. Unless otherwise specified, copyright of information provided in this newsletter is owned by Stormrake. You may not alter or modify this information in any way, including the removal of this copyright notice.

Copyright © 2024 Stormrake Pty Ltd, All rights reserved
]]>Wed, 02 Apr 2025 14:33:07 +1100<![CDATA[Giving Thanks for Bitcoin This Thanksgiving]]>https://www.stormrake.com/blogs/post/Giving-Thanks-for-Bitcoin-This-ThanksgivingThose hoping for Black Friday deals got their wish earlier this week, as Bitcoin and markets appear to have recovered.]]>
Bitcoin has delivered wonders this year, giving many investors much to be thankful for. Thanksgiving is one of the few holidays when US markets close, but Bitcoin and the broader crypto markets remain open 24/7, 365 days a year. However, expect trading volume and volatility to dip as Americans take time off for the holiday. With Black Friday following closely, US markets will see only a half-day of trading. Real market activity is likely to pick up on Monday. Until then, we can anticipate reduced volatility, lower volume, and lower inflows into crypto ETFs.

Bitcoin has experienced a relatively calm 24 hours after a volatile 48-hour period earlier this week. The price fell to $90.8k before rallying back to $97k and has since consolidated around $96k. For those hoping for Black Friday crypto "deals," it seems the bargains came and went earlier this week during Bitcoin's correction.

Bitcoin dominance continues to decline and is entrenched in a bearish structure, while the Total2 index (total crypto market cap excluding Bitcoin) continues to outperform. This trend may indicate we are in the transition between phase 1 and phase 2 of the bull market. The altcoin season index sits at 63, a high reading but still short of the key level of 75. Ethereum underperformed Bitcoin yesterday, further signaling that phase 2 of the bull market has not yet begun.
For those feeling underexposed or concerned about missing out, now is the time to strengthen your Bitcoin position. This market is still in its early stages, presenting long-term believers with an excellent opportunity. Contact your Stormrake Crypto Broker to make the most of this moment.

Stormrake Spotlight: Fantom ($0.995)

FTM continues its short-term pullback after a strong rally. This retracement presents a buying opportunity for long-term investors. The Sonic Migration upgrade has the potential to propel FTM into the top 30 cryptocurrencies by market cap and push it past its previous all-time highs.

BTC/USD Key Levels and Price Action:

Bitcoin recently broke out of its bearish structure, forming its first higher high. It now appears to be confirming a higher low. This price action has also created a bull flag pattern, with Bitcoin approaching a potential breakout above the top of the channel. The bull flag's target suggests a move back to $99k. Additionally, Bitcoin is trading above the key 21 EMA, which is expected to act as support as it trends higher.

BTC Total ETF Flows for 28 Nov: $ N/A million

(ETF flow data is sourced from https://farside.co.uk/btc/ and reflects figures at the time of writing.)

ETH/USD Key Levels and Price Action:

Ethereum remains in a bullish trend, sustaining its upward momentum after a massive rally. Like Bitcoin, Ethereum has formed a bull flag pattern, with a target of $3,820. ETH is also trading above the 21 EMA, which should provide support as it moves higher.

ETH Total ETF Flows for 28 Nov: $ N/A Million

(ETF flow data is sourced from https://farside.co.uk/eth/ and reflects figures at the time of writing.)
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Written by Alexandar Artis

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No Advice Warning 

The information in this newsletter is general only. It should not be taken as constituting professional advice from the author - Stormrake PTY LTD.
Stormrake is not a financial adviser and does not provide financial product advice. You should consider seeking independent legal, financial, taxation or other advice to check how the information relates to your unique circumstances. Stormrake is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by this newsletter.
 

Disclaimer 

All statements made in this newsletter are made in good faith and we believe they are accurate and reliable. Stormrake does not give any warranty as to the accuracy, reliability or completeness of information that is contained here, except insofar as any liability under statute cannot be excluded. Stormrake, its directors, employees and their representatives do not accept any liability for any error or omission in this newsletter or for any resulting loss or damage suffered by the recipient or any other person. Unless otherwise specified, copyright of information provided in this newsletter is owned by Stormrake. You may not alter or modify this information in any way, including the removal of this copyright notice.

Copyright © 2024 Stormrake Pty Ltd, All rights reserved
]]>Fri, 29 Nov 2024 14:05:18 +1100<![CDATA[The Correction Is Over: $100K Next for Bitcoin]]>https://www.stormrake.com/blogs/post/the-correction-is-over-100k-next-for-bitcoin
We’ve just witnessed the first significant bull market correction of this cycle. It was swift and less severe than many anticipated—characteristic of bull market corrections, which are typically short-lived and don’t dip as low as expected. Bitcoin has already rallied over 6% from its recent low and appears ready to attempt breaking the $100k barrier once again.

This correction lasted two days, during which Bitcoin dropped 9% to a low of $90.8k. Many had expected a larger pullback of over 10%, bringing the price below $90k. However, in true Bitcoin fashion, it defied expectations, rebounding quickly and leaving those waiting for lower prices behind. We urged you to capitalise on these discounted prices, emphasising that corrections in bull markets are fleeting opportunities. It’s not too late; historically, buying into strength has often yielded positive returns.

Yesterday’s recovery has positioned Bitcoin to retest $100k before the month’s end. This move has re-established a bullish structure and shifted momentum back in favor of the bulls. Breaking $100k this month could pave the way for Bitcoin to rally further, potentially reaching $110k or even $120k before Christmas. With another interest rate cut expected in December and the traditional "Santa Claus rally" on the horizon, Bitcoin’s potential trajectory looks highly promising. Don’t miss out by hesitating or trying to time the market—remember, time in the market beats timing the market.

Interestingly, Bitcoin dominance continues to decline despite the overnight rally, with altcoins outperforming significantly. The altseason index has surged to a reading of 65! Ethereum is not only outperforming Bitcoin but also leading the charge alongside key projects on its network, including Ethereum Name Service, Uniswap, Ethena, Ethereum Classic, Lido, and Aave. This trend highlights a growing pattern: when a major blockchain like Ethereum, Solana, Sui, or Fantom leads the market, its associated protocols tend to experience even stronger rallies. To capitalise on this, research the leading applications and protocols on these blockchains and leverage their strength.
While it may be slightly premature to declare we’re in phase two of the bull market, we’re undoubtedly approaching it. Ethereum hasn’t consistently outperformed Bitcoin yet, but it’s starting to alternate in dominance, indicating we’re transitioning between phases.


For those feeling underexposed or worried they’ve missed the boat, now is the time to strengthen your Bitcoin position. This market remains in its early stages, presenting long-term believers with a prime opportunity. Contact your Stormrake Crypto Broker to seize this moment.

Stormrake Spotlight: Fantom ($1.057)

Fantom paused its rally yesterday, retreating 2.2% despite Bitcoin’s gains. This consolidation phase is both crucial and healthy, setting up Fantom for further upside. Once the short-term pullback concludes, we anticipate continued strength in FTM’s upward trajectory.

BTC/USD Key Levels and Price Action:

Bitcoin has reclaimed its bullish structure, flipping momentum back to the bulls. It has formed a new higher high, achieved a bullish crossover of the 21- and 55-day EMAs, and is trading above all major moving averages. Bitcoin now appears poised to challenge the critical $100k level. Any pullback that stays above the previous low of $92.8k will preserve the bullish structure.

BTC Total ETF Flows for 27 Nov: $ N/A million

(ETF flow data is sourced from https://farside.co.uk/btc/ and reflects figures at the time of writing.)

ETH/USD Key Levels and Price Action:

Ethereum’s chart looks almost too good to be true, with 12 consecutive green hourly candles driving a 7% rally. ETH has broken through the key resistance at $3,557, turning it into support, and is now approaching the next critical level of $3,724. Ethereum is red-hot and leading the market—this is not a coin to bet against.

ETH Total ETF Flows for 27 Nov: $ N/A Million

(ETF flow data is sourced from https://farside.co.uk/eth/ and reflects figures at the time of writing.)
To receive the Morning Note in your inbox. Subscribe here: https://stormrake.substack.com/

Written by Alexandar Artis

Create a brokerage account today

Get Started

No Advice Warning 

The information in this newsletter is general only. It should not be taken as constituting professional advice from the author - Stormrake PTY LTD.
Stormrake is not a financial adviser and does not provide financial product advice. You should consider seeking independent legal, financial, taxation or other advice to check how the information relates to your unique circumstances. Stormrake is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by this newsletter.
 

Disclaimer 

All statements made in this newsletter are made in good faith and we believe they are accurate and reliable. Stormrake does not give any warranty as to the accuracy, reliability or completeness of information that is contained here, except insofar as any liability under statute cannot be excluded. Stormrake, its directors, employees and their representatives do not accept any liability for any error or omission in this newsletter or for any resulting loss or damage suffered by the recipient or any other person. Unless otherwise specified, copyright of information provided in this newsletter is owned by Stormrake. You may not alter or modify this information in any way, including the removal of this copyright notice.

Copyright © 2024 Stormrake Pty Ltd, All rights reserved
]]>Thu, 28 Nov 2024 10:50:14 +1100<![CDATA[Bitcoin's Correction Deepens—Is Alt Season Around the Corner?]]>https://www.stormrake.com/blogs/post/bitcoin-s-correction-deepens—is-alt-season-around-the-corner
Overnight, Bitcoin reached a low of $90.8k, marking an 8.88% decline from its all-time high of $99.6k set on Saturday. As the correction unfolds, Bitcoin dominance has dropped further, now sitting at 58.60%. This retracement has not only affected Bitcoin's price but also the Fear & Greed Index, which peaked at an "extremely greedy" 94 during Bitcoin's high—a level not seen since February 2021. While the correction may seem daunting, it is a healthy and much-needed reset, bringing both Bitcoin's price and market sentiment back to more sustainable levels.

Altcoins have demonstrated mixed performance amidst Bitcoin's correction, with some clearly outperforming. Fantom and Injective have emerged as leaders, shrugging off Bitcoin's decline, while other major altcoins like XRP and XLM have mirrored Bitcoin's downward trajectory. This divergence in performance has caused the Altcoin Season Index to climb to 53, up from 33 just two days ago. Although altseason isn't here yet, the momentum suggests it may arrive sooner than expected. Patience remains key—focus on accumulating Bitcoin and high-potential altcoins highlighted in our Stormrake Spotlight, then sit back and enjoy the ride.

Ethereum serves as a benchmark for altcoin strength. Since Bitcoin's all-time high on Saturday morning, Ethereum has outperformed Bitcoin by 10%. If this correction had occurred last week, Ethereum likely would have suffered more significantly. However, the recent resilience in Ethereum and other altcoins underscores their growing strength against Bitcoin's pullback.
For those feeling underexposed or worried they’ve missed the boat, now is the time to strengthen your Bitcoin position. This market remains in its early stages, presenting long-term believers with a prime opportunity. Contact your Stormrake Crypto Broker to seize this moment.

Stormrake Spotlight: Fantom ($1.06)

Fantom continues its upward trajectory, driven by anticipation for the upcoming Sonic Migration next month. FTM reached a high of $1.10 in the past 24 hours and is poised for further growth after a brief pullback to current levels. Remaining outside the top 50 cryptocurrencies by market cap, FTM has significant potential to not only revisit but exceed its all-time high.

BTC/USD Key Levels and Price Action:

Bitcoin's decline has reached the monthly CPR line, previously resistance and now acting as support at $90.9k. This level has provided a crucial bounce. To re-establish a bullish trend, Bitcoin needs to break above the 21 EMA, which continues to act as resistance, and create a higher high above $94,685. Achieving these levels would signal a return to bullish momentum.

BTC Total ETF Flows for 26 Nov: $ - 24.8 million

(ETF flow data is sourced from https://farside.co.uk/btc/ and reflects figures at the time of writing.)

ETH/USD Key Levels and Price Action:

Despite its pullback, Ethereum has outperformed Bitcoin. However, ETH has made a lower low, falling below a key support level, resulting in a bearish moving average cross. While this suggests caution, Ethereum remains within the 200 moving average zone, which should provide strong support for a potential rebound.

ETH Total ETF Flows for 26 Nov: $ - 6.6 Million

(ETF flow data is sourced from https://farside.co.uk/eth/ and reflects figures at the time of writing.)
To receive the Morning Note in your inbox. Subscribe here: https://stormrake.substack.com/

Written by Alexandar Artis

Create a brokerage account today

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No Advice Warning 

The information in this newsletter is general only. It should not be taken as constituting professional advice from the author - Stormrake PTY LTD.
Stormrake is not a financial adviser and does not provide financial product advice. You should consider seeking independent legal, financial, taxation or other advice to check how the information relates to your unique circumstances. Stormrake is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by this newsletter.
 

Disclaimer 

All statements made in this newsletter are made in good faith and we believe they are accurate and reliable. Stormrake does not give any warranty as to the accuracy, reliability or completeness of information that is contained here, except insofar as any liability under statute cannot be excluded. Stormrake, its directors, employees and their representatives do not accept any liability for any error or omission in this newsletter or for any resulting loss or damage suffered by the recipient or any other person. Unless otherwise specified, copyright of information provided in this newsletter is owned by Stormrake. You may not alter or modify this information in any way, including the removal of this copyright notice.

Copyright © 2024 Stormrake Pty Ltd, All rights reserved
]]>Thu, 28 Nov 2024 10:46:07 +1100<![CDATA[Bitcoin Has Finally Dumped – Don’t Miss the Opportunity to Act!]]>https://www.stormrake.com/blogs/post/bitcoin-has-finally-dumped-–-don-t-miss-the-opportunity-to-act
The week of Black Friday kicked off with high volatility as Bitcoin (BTC) shed 4% overnight. Many altcoins followed suit, facing even steeper retracements. However, some have rebounded to higher levels post-dip, showcasing resilience as BTC struggles to regain footing.

As Black Friday approaches, the crypto market mirrors the frenzy of deals in shops and online. Several coins, such as Dogecoin (DOGE) and Sui (SUI), have dropped 20% from their recent highs recorded just last week, presenting opportunities for bargain hunters.

A Timely Pullback for Buyers?

For those waiting on a pullback, now may be the perfect time to act. Some altcoins have already staged recoveries, with tokens like Fantom (FTM) and SEI rebounding strongly. Both dumped by around 10% but are now trading higher than yesterday’s levels. While the broader market is experiencing some corrections, this is not the major pullback many had anticipated. Expectations of a 10% BTC decline and a 20-30% altcoin plunge have not materialised. In fact, many altcoins are outperforming BTC during its pullback.

This correction has been anticipated for weeks now—some have been waiting since BTC hit $75,000. The question remains: now that the pullback is here, will those who asked for it finally act? Don’t be left on the sidelines waiting for a price that might not arrive. Seize the opportunity, take advantage of discounted prices, and practice patience.
For those feeling underexposed or worried they’ve missed the boat, now is the time to strengthen your Bitcoin position. This market remains in its early stages, presenting long-term believers with a prime opportunity. Contact your Stormrake Crypto Broker to seize this moment.

Stormrake Spotlight: Fantom ($1.035)

Fantom continues to demonstrate impressive strength. As noted yesterday, FTM’s resilience was on full display overnight. While Bitcoin pulled back 4%, FTM dropped 10% but swiftly rebounded, climbing over 12% from its overnight low and now trading above yesterday’s levels. Currently at its highest price since April, FTM looks poised for further gains.

BTC/USD Key Levels and Price Action:

Bitcoin’s current price chart leaves little room for optimism, with lower lows and trading below all key moving averages. However, a glimmer of hope lies in the latest hourly candle, which appears ready to engulf the previous red candle. If confirmed, this could signal the start of a bullish reversal. But this short term pullback will be short lived and should be seen as a buying opportunity for the long term.

BTC Total ETF Flows for 25 Nov: $ - 549.4 million

(ETF flow data is sourced from https://farside.co.uk/btc/ and reflects figures at the time of writing.)

ETH/USD Key Levels and Price Action:

Ethereum continues to outperform Bitcoin, trading higher than yesterday. ETH maintains a bullish price structure with higher highs and lows, supported by a bullish cross of the 21 EMA and 55 EMA. Regardless of BTC’s movements, ETH appears positioned to climb further, potentially targeting $3,557.

ETH Total ETF Flows for 25 Nov: $ - 4.1 Million

(ETF flow data is sourced from https://farside.co.uk/eth/ and reflects figures at the time of writing.)
To receive the Morning Note in your inbox. Subscribe here: https://stormrake.substack.com/

Written by Alexandar Artis

Create a brokerage account today

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No Advice Warning 

The information in this newsletter is general only. It should not be taken as constituting professional advice from the author - Stormrake PTY LTD.
Stormrake is not a financial adviser and does not provide financial product advice. You should consider seeking independent legal, financial, taxation or other advice to check how the information relates to your unique circumstances. Stormrake is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by this newsletter.
 

Disclaimer 

All statements made in this newsletter are made in good faith and we believe they are accurate and reliable. Stormrake does not give any warranty as to the accuracy, reliability or completeness of information that is contained here, except insofar as any liability under statute cannot be excluded. Stormrake, its directors, employees and their representatives do not accept any liability for any error or omission in this newsletter or for any resulting loss or damage suffered by the recipient or any other person. Unless otherwise specified, copyright of information provided in this newsletter is owned by Stormrake. You may not alter or modify this information in any way, including the removal of this copyright notice.

Copyright © 2024 Stormrake Pty Ltd, All rights reserved
]]>Tue, 26 Nov 2024 14:50:03 +1100<![CDATA[Bitcoin Consolidates Ahead of Expected Black Friday Volatility]]>https://www.stormrake.com/blogs/post/Bitcoin-Consolidates-Ahead-of-Expected-Black-Friday-Volatility
Over the weekend, Bitcoin took a backseat, allowing altcoins to shine. The memecoin sector recently enjoyed its rally, followed by "dino coins" such as ADA, XRP, and XLM. This weekend, the gaming sector emerged as the standout performer, with leaders like SAND, MANA, AXS, and GALA experiencing significant gains.

Currently consolidating just below $100,000, Bitcoin sits only 2.4% away from its all-time high of $99.6k, achieved early Saturday morning. On Saturday, we highlighted a potential bearish divergence that could hinder Bitcoin's upward momentum. This divergence appears to be materializing, with the short-term trend showing signs of weakness and potentially flipping bearish.

As Black Friday and Thanksgiving approach, this week promises to be eventful. Historically, these occasions have brought volatility to risk-on assets like Bitcoin. We could see Bitcoin regaining its momentum as the week progresses.
For those feeling underexposed or worried they’ve missed the boat, now is the time to strengthen your Bitcoin position. This market remains in its early stages, presenting long-term believers with a prime opportunity. Contact your Stormrake Crypto Broker to seize this moment.

Stormrake Spotlight: Fantom ($1.01)

It's time to revisit Fantom, which we first spotlighted when FTM was trading at $0.50. Since then, the price has doubled to its current $1.01. This surge comes in anticipation of the highly awaited migration from FTM to Sonic ($S), expected to take place before the year ends.

This migration has garnered attention from some of the most respected minds in the crypto industry and is considered one of the most significant developments in recent times. Fantom was a leading cryptocurrency during the 2021 bull market, reaching a high of $3.46. A successful transition to Sonic could enable it to reclaim those levels.

BTC/USD Key Levels and Price Action:

Bitcoin has turned bearish after forming a series of lower highs and lower lows since Saturday's peak. This bearish momentum has led to a cross of the 21 and 55 EMA. Although BTC briefly attempted to reverse the trend by trading back above these levels, it failed and currently trades at the 21 EMA. For now, consolidation at this level seems likely. A break to the upside could pave the way for $100,000, while a downside move would make the 200 moving averages the first key target.

BTC Total ETF Flows for 22 Nov: $ N/A milion

(ETF flow data is sourced from https://farside.co.uk/btc/ and reflects figures at the time of writing.)

ETH/USD Key Levels and Price Action:

After reaching $3,500 on Saturday night, ETH has retraced and fallen below the critical support level of $3,370. It now trades beneath both the 21 and 55 EMA, which are on the verge of flipping bearish once again. If ETH drops further, the $3,220 level, previously resistance—is expected to serve as strong support.

ETH Total ETF Flows for 24 Nov: $ N/A Million

(ETF flow data is sourced from https://farside.co.uk/eth/ and reflects figures at the time of writing.)
To receive the Morning Note in your inbox. Subscribe here: https://stormrake.substack.com/

Written by Alexandar Artis

Create a brokerage account today

Get Started

No Advice Warning 

The information in this newsletter is general only. It should not be taken as constituting professional advice from the author - Stormrake PTY LTD.
Stormrake is not a financial adviser and does not provide financial product advice. You should consider seeking independent legal, financial, taxation or other advice to check how the information relates to your unique circumstances. Stormrake is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by this newsletter.
 

Disclaimer 

All statements made in this newsletter are made in good faith and we believe they are accurate and reliable. Stormrake does not give any warranty as to the accuracy, reliability or completeness of information that is contained here, except insofar as any liability under statute cannot be excluded. Stormrake, its directors, employees and their representatives do not accept any liability for any error or omission in this newsletter or for any resulting loss or damage suffered by the recipient or any other person. Unless otherwise specified, copyright of information provided in this newsletter is owned by Stormrake. You may not alter or modify this information in any way, including the removal of this copyright notice.

Copyright © 2024 Stormrake Pty Ltd, All rights reserved
]]>Tue, 26 Nov 2024 14:41:06 +1100<![CDATA[$400 Away From $100,000: Bitcoin’s Big Moment Is Almost Here!]]>https://www.stormrake.com/blogs/post/400-away-from-100-000-bitcoin-s-big-moment-is-almost-here
Bitcoin was just $400 away from reaching the monumental $100,000 mark—it’s so close, you can almost touch it. But the question remains: why are you hesitant? Once this psychological barrier is broken, Bitcoin could be unstoppable. Crossing the $100,000 milestone is expected to generate significant inflows and attention from mainstream media and retail traders. This surge of interest, which has been absent in recent years, may drive Bitcoin even higher, potentially leaving hesitant investors behind.

This is not the time to over analyse or attempt to time a pullback. Yes, pullbacks are inevitable—a 10-15% dip in Bitcoin could result in altcoins dropping by as much as 30%. However, let me pose this question: imagine it’s 10-15 years from now, and Bitcoin is valued at $500,000 or more. Wouldn’t you regret passing up potentially the last opportunity to buy Bitcoin under $100,000, all because you were waiting for a minor pullback that never came? Don’t let the possibility of a short-term dip deter you from the opportunity for generational wealth. The plan is simple: buy Bitcoin and hold.

Despite Bitcoin hitting another all-time high overnight, its dominance has fallen below 60%, indicating increased capital flow into altcoins. However, this decline in dominance is not significant enough to indicate the start of an alt season. The Altseason Indicator Index, which we discussed last week, is still at just 33. Since the index must exceed 75 to signal alt season, we are still a long way off. For now, Bitcoin is expected to outperform most altcoins.
For those feeling underexposed or worried they’ve missed the boat, now is the time to strengthen your Bitcoin position. This market remains in its early stages, presenting long-term believers with a prime opportunity. Contact your Stormrake Crypto Broker to seize this moment.

Stormrake Spotlight: ONDO ($1.0323)

Ondo has been consolidating patiently around $1, successfully forming a base at this level and appearing ready to break out. Although price action has been subdued over the past few days, Ondo remains over 10% up from our initial mention in the Morning Note and looks set to climb higher.

BTC/USD Key Levels and Price Action:

Bitcoin has achieved another all-time high, peaking at $99.6k—just $400 shy of the golden $100k level. The 21-day exponential moving average (EMA) continues to serve as a key support and is currently holding. If the 21 EMA does not hold, the 55 EMA is likely to act as support. While there are no significant price resistances, the psychological resistance of $100k remains critical. This could be further compounded by the bearish divergence observed, with prices rising while the Relative Strength Index (RSI) declines. This divergence might temporarily prevent Bitcoin from breaking $100k, leading to a retest of the 21 EMA or even the 55 EMA. However, this divergence is expected to be short-lived, with Bitcoin inevitably crossing the $100k threshold.

BTC Total ETF Flows for 22 Nov: $ - 61.4 Million (21 Nov saw an inflow of 1 billion)

(ETF flow data is sourced from https://farside.co.uk/btc/ and reflects figures at the time of writing.)

ETH/USD Key Levels and Price Action:

Ethereum continues its bullish momentum, retesting a key resistance level at $3,370 while trading above all major moving averages. After being rejected four times in the past four days, ETH is testing this critical level again. If Ethereum breaks above $3,370, it could see a clear path to $3,528. On the other hand, another rejection would likely see the 21 and 55 EMAs acting as strong support.

ETH Total ETF Flows for 22 Nov: $ - 14.2 Million (21 Nov saw an outflow of 9.0 million)

(ETF flow data is sourced from https://farside.co.uk/eth/ and reflects figures at the time of writing.)
To receive the Morning Note in your inbox. Subscribe here: https://stormrake.substack.com/

Written by Alexandar Artis

Create a brokerage account today

Get Started

No Advice Warning 

The information in this newsletter is general only. It should not be taken as constituting professional advice from the author - Stormrake PTY LTD.
Stormrake is not a financial adviser and does not provide financial product advice. You should consider seeking independent legal, financial, taxation or other advice to check how the information relates to your unique circumstances. Stormrake is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by this newsletter.
 

Disclaimer 

All statements made in this newsletter are made in good faith and we believe they are accurate and reliable. Stormrake does not give any warranty as to the accuracy, reliability or completeness of information that is contained here, except insofar as any liability under statute cannot be excluded. Stormrake, its directors, employees and their representatives do not accept any liability for any error or omission in this newsletter or for any resulting loss or damage suffered by the recipient or any other person. Unless otherwise specified, copyright of information provided in this newsletter is owned by Stormrake. You may not alter or modify this information in any way, including the removal of this copyright notice.

Copyright © 2024 Stormrake Pty Ltd, All rights reserved
]]>Tue, 26 Nov 2024 14:35:07 +1100<![CDATA[Bitcoin Nears $100,000: Only 2% Away from a Historic Milestone]]>https://www.stormrake.com/blogs/post/bitcoin-nears-100-000-only-2-away-from-a-historic-milestone
Bitcoin has soared past $97,000, setting a new all-time high just shy of $99,000—marking the third consecutive day of record highs. The past 24 hours have encapsulated the essence of a true bull run. Bitcoin surged from $94.4K to $98K in just three hours, followed by a brief pullback, only to rally again late last night. This time, however, the rally was accompanied by significant movement in altcoins.

Among the majors, Ethereum emerged as the standout, rallying nearly 9%, with Solana closely following in second place. As altcoins gained momentum, Bitcoin's rally slowed, leading to a dip in Bitcoin dominance from 61.83% to 60.61%. Despite this decline, dominance remains above 60%, signaling that the market is still in the early stages of the bull run. A slight drop in dominance is not a sign of the next phase; the true "alt season" typically begins after a more substantial correction.

So, what are you waiting for? We are on the brink of a period where generational wealth can be created. Why remain on the sidelines? If you're hesitant, thinking Bitcoin is "too high" or that "a pullback is coming," consider this: Bitcoin has surged from $66.8K to $98.9K since November 4—a $30K rally—without a single pullback exceeding 3%. Many have been waiting for corrections at $75K, $82K, $88K, $92K, and now current levels, only to miss out on a 50% rally in under three weeks.

Ask yourself: are you willing to keep waiting for a pullback that might never come, risking the chance to participate in this generational opportunity? While a pullback may happen, it could just as easily occur after Bitcoin reaches $120K—still well above today's prices. The boat hasn’t left yet; it’s not too late. If anything, this is your signal to reassess your stance—you’re likely not bullish enough.
For those feeling underexposed or worried they’ve missed the boat, now is the time to strengthen your Bitcoin position. This market remains in its early stages, presenting long-term believers with a prime opportunity. Contact your Stormrake Crypto Broker to seize this moment.

Stormrake Spotlight: ONDO ($1.011)

Ondo appears to be forming a solid base around the $1 mark, a critical technical and psychological level for investors. Historically, breaking through such key levels—whether $1, $10, or even $100,000!!—often signals further bullish momentum and leads to significantly higher trading levels. If Ondo maintains this base, it is well-positioned to move higher in the coming days.

BTC/USD Key Levels and Price Action:

Bitcoin continues to post higher highs after small pullbacks, with price consistently bouncing off the 21-day EMA. Overnight, Bitcoin peaked just shy of $99K and is now pulling back, likely to retest support at the 21-day EMA. This level has proven to be a reliable indicator in bullish trends, and with no signs of the trend changing, it’s only a matter of time before Bitcoin breaks the psychological barrier of $100K. Once this level is breached, the potential for explosive upside becomes even more likely.

BTC Total ETF Flows for 21 Nov: $ N/A Million (20 Nov saw an inflow of 773.4 million)

(ETF flow data is sourced from https://farside.co.uk/btc/ and reflects figures at the time of writing.)

ETH/USD Key Levels and Price Action:

After a lackluster performance in recent days, Ethereum has not only broken out of its range but also flipped its trend bullish in dramatic fashion. Within four hours, ETH rallied 8%, leading the altcoin surge. It has now reached key resistance at $3,370, which rejected it on two previous attempts. ETH is testing this level for the third time within 10 hours. If ETH breaks above $3,370, it is likely to continue its bullish momentum, targeting $3,512. If it fails to break through, it may pull back to support at the 21-day EMA.

ETH Total ETF Flows for 21 Nov: $ N/A Million (20 Nov saw an outflow of 30.3 million)

(ETF flow data is sourced from https://farside.co.uk/eth/ and reflects figures at the time of writing.)
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Written by Alexandar Artis

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