Stormrake - Insights #Rate Hike

Make Bitcoin Great Again! (It already is.)

Tue, 05 Nov 2024 18:03:47 +1100

Policy, Polls and Politics...this week is sure to be a BIG one! Between the upcoming US Elections and the Federal Reserve monetary policy meeting soon after, it’s going to be an action-packed week to say the least. Whether you’re rooting for the Democrats, Republicans or just spectating with a bucket of popcorn in-hand for sheer entertainment purposes observing the spectacle that is sure to play out over the next few days, it’s undeniable to underestimate the impact this election will have on the broader traditional markets and Cryptocurrency alike. Compounding another potential FED rate cut on top of all this by the later part of the week means there will surely be a lot of volatility in the markets. Let’s take a look at how we can navigate these enigmatic waters, primarily starting with Bitcoin as it’s done some interesting price action since our last analysis.

I’m pleased to announce that the wait is over – the BTC Bull Flag is finally complete! Through the last nine months we’ve managed to birth quite the technical play. Coming out of this prolonged accumulation phase, we’ve seen Bitcoin quickly soar back up to a whopping $73,600 USD, giving us a monster rally equating to a near $7,000 gain for the month of October. This has consequently popped us out of the top of the Bull Flag accumulation pattern we’ve been eyeing and writing about since earlier this year – to the Bulls; congratulations, your patience has been rewarded.

A clearer view of the above chart can be found here: https://www.tradingview.com/x/Up4AwQhW/

As you can also see, the current price after breaking out and since retraced on the daily

timeframe back down the $67,000 - $68,000 range. This is actually a positive and healthy sign as it allows for stable growth later by ensuring that price currently retests the breakout here; meaning that price by progressing slowly and ensuring all price supports are being tested along the way up now, this will in-fact help mitigate the risks of wild and spontaneous volatile swings back down to these current levels once continue to keep climbing higher in subsequent months. Whilst Cryptocurrency will always be volatile compared to traditional asset classes, the healthier price growth you have, the more stable the gains will be later on down the road in any bull market cycle. Now with fresh new All Time High horizons in sight, the next more immediate potential take profit target I’m personally eyeing would be an eye-watering $102,147 USD. We can determine this number using Fibonacci extensions and applying it to the previous market cycle in order to ascertain future levels for this current cycle. This first stop along the way at approximately $100K makes sense from a psychological perspective given that it’s a strong take profit target that many would’ve had in their minds for those who’ve been long standing market participants well before this current cycle.

A clearer view of the above chart can be found here: https://www.tradingview.com/x/jDhO4ypm/

This would make for nice headlines, further lending credibility to bystanders that Bitcoin and the broader Cryptocurrency industry is here to stay, and that those without allocation already probably shouldn’t wait any longer to diversify into a tokenized digital asset based long-term strategy.

Historically, while October has always been a volatile month for Cryptocurrency with this year being no exception and now with the US Elections around the corner over the next few days, we’d likely expect to see significantly more volatility coming into the markets and bolster liquidity so that the momentum can remain in the following months hereafter. With that being said, all of the focus now will be on who actually wins the Election – because that will make or break the market right? What if I told you that in the end it doesn’t even matter?

Most market participants who were around at the time will remember that in the wake of the 2016 US Elections, the surprising Trump win did in-fact help pave the way for a strong focus on market growth as it gave optimism and hope to that market that the economy would once again become “great”. This led to historic growth in traditional assets and Cryptocurrency alike during the vast majority of 2017, where for our industry the notion of an ICO was birthed and Bitcoin from January of that year climbed all the way from a mere $966 - all the way to a staggering $20,000 All Time High price by December that very same year. This equated to a mind-blowing 1,928% increase in valuation for Bitcoin and saw the first significant rise and true creation of the “Altcoin” market as those who felt like they already missed the boat with Bitcoin also felt they could proverbially “get a second chance” for the elusive moonshot opportunity. Given the last few years of disastrous economic policy under the Biden Administration for US residents, it’s not far-fetched to think that many will vote for Trump again regardless of individual political beliefs as people tend to vote with their wallet; and if that wallet’s hurting, they’re likely to accept something they previously thought as less-than-ideal in order to circumvent and appease the issue. This sort of capitulatory thinking is why I believe people will be driven to the polls like never seen before in this Election cycle and with Trump currently being the favorite for obvious reasons, I wouldn’t be surprised to see that aforementioned market optimism come back with a fiery appetite for more growth once again.

Interestingly enough however, if we look at previous cycles we will see that in the long-run, the current day politics don’t ultimately dictate the overall direction and outcome that our industry is heading in. Whether it’s a Democrat or Republican who takes the White House and whomever is sitting in that chair in the Oval office is subject to much other much larger governing agencies, interests and policy-making institutions that the US finds itself beholden too. All the while, Bitcoin with its inherit diminishing supply pool via Halving cycles every four years baked into its code demonstrates that scarcity of any asset class will “trump” all in the long run when you have perpetual inflation and prolonged currency expansion programs such as “Quantitative Easing” being propagated by Central Banks globally. By overlaying previous US Election cycles over a long-term Bitcoin Chart; it’s clear to see there’s only one direction we’ve been heading overall – and that’s up.

Whilst history may not always repeat, it sure does rhyme. Just like how when Bitcoin in the previous 2020-2021 market cycle was ready to break the $20,000 All Time High barrier, we also had further monetary policy easing from the FED, just like we currently have now, therefore likely aiding continued growth in assets and price appreciation. As we come to the later part of the week, by early Friday morning AEST we will have confirmation from the FED on the next round of Monetary Policy, deciding whether they cut rates by a further 25 basis points or leave them on hold. Currently the market is pricing in a forecasted 0.25% reduction off the Federal Funds Rate, coming off the back of the 50 basis-point cut in September this year.

Not only will we have the US making an interest rate decision, but today we also had our very own RBA make an interest rate decision deciding to leave the Cash Rate unchanged at 4.35% for the time being. This indicates that while the US economy has been somewhat more successful in reducing CPI inflation in the short term, the Australian economy still has some in-roads to make before it can start cutting rates safely without inducing a premature 2nd wave of the cost-of-living crisis currently weighing on our fellow Aussies.

While everyone is waiting with bated breath on how the US Election will turn out; whether Kamala Harris manages to claw back her way from the brink of some unfortunate recent PR disasters or if Donald Trump once again seizes the day in triumph, it will surely be a spectacle – not only to see how the US responds to their newly elect, but how the market will respond as well. Volatility is sure to be rife, plaguing both Bulls and Bears whom are intra-day trading until we have the final results. Alas, it’s prudent to remind ourselves that a charismatic politician won’t make or break the Cryptocurrency industry, that instead always comes back to the recklessness of Government fiscal and monetary Policy; being the very reason Bitcoin was created in the first place. Therefore, while I’d like to emphatically profess “Make Bitcoin Great Again!” The reality is that it always has been. It’s provided an unparalleled store of wealth for market participants for well over a decade. If you see that the Government aren’t going to save you, then you’ll likely also see that you need to do that yourself through achieving financial freedom. That’s when real greatness ensues. Here at Stormrake, we’ll help you navigate this Election cycle, and help you keep making your portfolio great (again!) as we’ve already done so for many!

Written by James Ryan

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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.

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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.

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The Upcoming FED Pivot – It’s Time to Decide

Thu, 19 Sep 2024 15:04:49 +1000

After many months of speculation, market game theory and heated discourse online – we’re now at decision time. The US FED are scheduled to meet early tomorrow morning and by the time you wake up and make that fresh coffee, looking at the daily market news we’ll have definitive action being taken on monetary policy. This will shape the coming years not only the broader traditional markets globally, but largely impact the foreseeable future in this current Cryptocurrency Bull run we’re currently in and leading into 2025 and beyond. The US FED have been waiting for the right macro-economic conditions to present themselves before pivoting on their hawkish and aggressive interest rate stance, consequently giving us the rate rises we’ve been subjected to for over the last 2 years. All of this is about to change in the next 24 hours. As we’ve mentioned in previous articles discussing the impact of a return of Doveish monetary policy, there’s only one way this goes in the long term. Wealth inequality unfortunately seems like it’s here to stay and it’s up to us individually to understand how to navigate an economic climate of perpetual inflation and price appreciation so we can get ahead of the curve and capitalize off this. Let’s take a deep dive into what the future might look like.

One key element, if not the most important that the FED has taken into consideration in recent years and months is the on-going inflation crisis seen in not just the US but globally as a result of monetary policy that was at or near zero for far too long prior and in response to the pandemic. With this being said, since the aggressive rate hike cycle since 2022, the FED has observed that inflation metrics have since significantly cooled off, predominantly in this year. Chairman Powell and the Board’s message in recent years was to target a 3% inflation year-on-year (YoY) on the higher end of tolerance with 2.5% YoY being on the lower. This lower end of the tolerance band is exactly where the data suggests we sit currently with the recent September 11th CPI release coming in as expected at forecasted levels.

This has allowed the FED to seed a narrative that the projected recovery of the macro-economic landscape is taking place, paving way for the FED to loosen their grip on rates and allow them to re- commence yet another easing cycle of lower rates for the foreseeable future. While lower rates is generally aimed at creating a bullish signal to the markets – a sign of things getting better; it’s also prudent to ask why rates are being lowered in the first place - is it truly because of a recovery and a sign of beating the aforementioned inflation once and for all, or is it instead because of other factors where perhaps the FED see an impending economic slowdown, therefore a rate cut here may save the markets some price shock later on down the road. Let’s explore some possible scenarios.

Historically, the FED has almost always cut rates in the lead up to a recession, which in fact is a sign of weakness in the real economy in the short-medium term. One important indicator that the FED use to determine the likelihood of an impending recession is by looking at the Yield Spread between the 2 year and 10 year US treasury yields, also commonly referred to as the “Yield Curve.” This Yield Curve allows the FED to see if there’s an unnatural rate of return where a 2 year Treasury Bond actually nets a higher return than a longer, more risky 10 year Bond. This in-turn forces the market to instead of looking into the distant future for safer more profitable returns, it inversely enables and reinforces more near-sighted speculative and risky investing for a higher return, creating a compounding bubble that eventually leads to a watershed moment and bust cycle. Hence, this flipping of sentiment is called a “Yield Curve Inversion” and can be used ahead of time to predict said recessions. As you can see below, each time an inversion took place between the Yield spread of 2/10 Yr US treasuries in the grey columns (timeframe) a recession took place shortly after.

Whilst this is an indication of potential weakness in the real economy, this doesn’t necessarily apply to the price economy of the markets immediately. Essentially, the macro-economic reality of the world and price may impact one another eventually and there is correlation, however said correlation doesn’t equate to immediate causational outcomes on each other. Have you ever wondered why when there is bad news the markets still manage to find a way in the short term to print new All Time High’s? This is why. The same can be said for negative prices to the downside without any significant shift in the macro. Price is irrespective of the realities of the world, until it no longer isn’t. This is because it takes time for the consequences of actions to be seen and the delay between the two is where uninformed market participants may get caught out. Does this mean that I’m perma-bearish until we inevitably take the medicine for yet another round of monetary easing that’ll surely create another inflationary cycle in the long term? Absolutely not and I’ll show you why with the last two most recent recession examples.

The last two times the Yield curve inverted and then reversed their inversions back to a positive spread where the longer bonds yield more again as they normally should, according to the FED’s own chart above were in September 2019 (prior to the initial pandemic recession) and in April 2006 (prior to the Global Financial Crisis). In both cases once the reversion took place, US indices kept climbing and made new All Time Highs in subsequent months. When the Inversion took place in August 2019, just a mere month later it reversed back to normal, albeit being shortly lived we saw prices keep making new highs until February of 2020 where it then stalled out on the fears of the pandemic spreading globally and talks of impending lockdowns. The S&P500 was able to gain an additional 15% at All Time High prices near $4000 per contract before the crash began.

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

The biggest crash of all was in-fact the Global Financial Crisis, caused by the imploding of the Sub-Prime mortgage market and bad debt rife throughout the US banking sector during the late 2000’s that led to a 58% correction over two years in the S&P500 and trillions of dollars in losses worldwide. The initial inversion took place in February 2006, although the reversion back up started in April 2006 just two months later, before re-inverting again. Once the initial normalization reversion took place in April ’06 however, the market made sure to keep printing All Time High’s until it topped-out in October 2007 @ $1578.5 per contract. Inevitably it took some time to determine that a recession had begun but after the lagging GDP and employment metrics came through by late 2008, it was determined that the US had already been in a recession since December 2007.

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

In both instances, once a recession was all but officially confirmed on paper, the FED intervened with rate cuts in order to prop the market back up, re-inflating the inflationary bubble once more without taking the necessary medicine needed, being; sustained high interest rates in order to correct the damage done by reckless monetary and fiscal policy of which got the markets into trouble in the first place. As the FED in both instances also Doveish-ly pivoted on rates well into the sell off’s, already being deep in a sea of red, it’s a wonder how things might play out this time around as the pivot is coming well before prices have been overly bearish, in-fact in the broader traditional markets everything is at, if not near All Time High’s again due to the bullishness of the aforementioned easing inflation throughout the year.

Currently, as you might’ve already seen – yes, we are in an inverted yield curve, and yes we are now as of this month starting to cross the threshold again where a re-normalizing of spreads and a reversion seems to be taking place. For these reasons, ultimately, I’m bullish in the near term on prices, especially with a looming US Election which could very well help in rallying market sentiment if we see a Trump win, much like it did last time in November 2016. Bitcoin in the midst of all the above is still holding our Bull Flag pattern along with key support levels, bouncing off from the sell off and lows of our previous months analysis as predicted and comfortably still rangebound in our accumulation pattern, meaning it’s well poised to benefit off the doveish monetary policy and FED Pivot we’re about to undergo.

A clearer view of the above chart can be found here: https://www.tradingview.com/x/KH0mcPjm/

It seems likely that the US FED are pricing in a 25 basis-points cut, of which is being forecasted so I’d expect to see the announcement early tomorrow morning echo the same market expectations, knowing that Chairman Powell and the board want to avoid any surprises given how the market may not know how to react to an overly doveish 50 basis point cut so quickly, possibly spooking the markets into thinking there may be an immediate issue at hand. What we will need to see happen after this is a monitoring closely of any red flags in the macro-economic landscape that could hinder any rally coming out of this, perhaps taking an eagle-eyed approach to spottng any cracks or leaks in the robustness of the banking sector, Bond market or geopolitical tensions. Or perhaps the catalyst could simply be yet another inevitable inflation cycle down the road, deriving as a consequence to FED’s eagerness to carry on printing the market back up just that little bit further.... Time will tell, but we aren’t going anywhere. Strap in and buckle up, because this is where the fun begins!

Written by James Ryan

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A 291 Day First for Bitcoin

Fri, 09 Aug 2024 13:29:57 +1000

Bitcoin's first 10% + day since October 2023

To those checking the charts for the first time today, yes, Bitcoin has had its first green 10% candle in 291 days (October 23, 2023). What feels like a well deserved candle for the patient investors, it is even more sweet for the ones who bought the recent dip. The investors who saw the opportunity and took it without haste could be up as little as 14% to as much as 25% assuming one bought below 54k.

Many of our clients at Stormrake saw the opportunity and grabbed it with both hands and are now reaping the benefits. To ensure you don’t miss these rare opportunities, subscribe to not only our morning note, but also our weekly and monthly articles .

TON begins trading on Binance:

Whilst the entire crypto market rallied, one coin went early. This was TON (The Open Network), why? To understand why, let’s refer back to our ‘Is there a TON of opportunity in Toncoin?’ article written by us back in the middle of June. We identified the strength and market support of TON, a relatively new coin that made its way into the Top 10 only a few months ago. As predicted in the article, TON would be listed on Binance. Immediately after the announcement, TON experienced a 16% pump within two hours.

The research provided in our article has led our clientele to purchase a high volume of TON. These clients are more than pleased with the coin’s recent performance and will likely continue to reap the full reward of a Binance coin listing. It is not too late to buy TON, with the average return of a Binance Listing being 73%. Pair this with a full fledged bull run and you’ve got something great waiting to happen.

BTC/USD Key Levels and Price Action:

It’s safe to say that the last two US trading sessions have been a tale of two halves for BTC. Yesterday's US session saw BTC fall and retest a key level of $54.5k, whilst last night's session saw BTC rally and break through two key resistance levels. We are now sitting above the orange support line of $61,200. If BTC is to retest this support and hold, we remain with a bullish structure and $63,800 is our next target. Let’s see if the bullish momentum from the US can translate across to the Asian session.

BTC Total ETF Flows for 8 Aug: $ +37 Million

ETH/USD Key Levels and Price Action:

Ethereum’s recent weakness vs Bitcoin may be coming to end. This morning's recent pump has seen ETH break above the recent hurdle of $2,556 and end the day up almost 15%. As we stay above it and the once resistance turns into support, ETH’s next target sits at $2,865 (approximately 7% from current price action).

ETH Total ETF Flows for 8 Aug: $ -14.6 Million

Written by Alexandar Artis

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The Currency Trade That Crashed Global Markets

Thu, 08 Aug 2024 14:50:14 +1000

The Aftermath of the USDJPY Standoff

Our April edition of the Rake Review included an educational piece on the standoff between the US Dollar and the Japanese Yen. Months ago, the Yen was at 30 year highs of 160 with interest rates of 0%. As predicted, an intervention occurred as the Yen was beginning to reach an unsustainable level.

The low interest rates led to carry trades on the Yen by foreign inventors. A carry trade refers to borrowing a currency at a low interest rate and re investing into a currency or financial asset that provides a higher rate of return. The Bank of Japan has held negative interest rates for the Japanese since 2016, giving foreign investors the opportunity to conduct a carry trade through the Yen. However, the recent interest rate hikes by the BOJ had foreign investors panicking.

The unexpected rate hike to end July saw foreign investors scramble to repay the borrowed Yen by selling off the assets that were bought with these borrowed funds. The sale of the assets led to markets cascading, and experienced some of the largest amounts of liquidations and money wiped out of the market since Covid.

$2.9 Trillion was wiped out of the stock market and almost $1.1 billion dollars of leveraged crypto positions were liquidated all within 24 hours amid recession fears. Over these 24 hours, the S&P 500 fell approximately 4%, one of the worst days for the stock market in the last four years.

$2.9 Trillion wiped out of the Stock Market, Source: @RadarHits via X

Is the US in a Recession?

Whilst investors rushed to repay their borrowed Yen, US unemployment numbers were released. It was forecasted that the unemployment rate would be 4.1%, whilst the actual rate turned out to be 4.3%. This unexpected rise in unemployment triggered the ‘Sahm Rule’, one of many recession indicators. The Sahm Rule indicates a recession has started when the three-month moving average of the US unemployment rate is 0.5 percentage points or more above its lowest during the previous 12 months. The current 12 month low is 3.8%, with the recent increase to 4.3% thus meaning the 0.5% increase from the low has been fulfilled. Hence, the mass panic sell off and calls for an emergency US Federal Reserve meeting to deal with the potential recession.

Source: @GRDecter via X

The interplay between the US Dollar and the Japanese Yen has significantly impacted global financial stability. The Bank of Japan's unexpected interest rate hike led to substantial asset liquidations and market sell offs, while rising US unemployment rates triggered the Sahm Rule, signalling a potential recession. Although markets have seen some positive recovery, further downside risks remain. Our Rake Review will continue to monitor these developments, providing insights to keep you informed and prepared for what lies ahead.

Written by Alexandar Artis

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We got the inevitable; what’s next for a Doveish FED and Bitcoin in 2025?

Tue, 06 Aug 2024 11:07:31 +1000

In last month’s article we wrote about Bitcoin being in a prolonged accumulation pattern, in which we expected to see more touches on both the bottom and top of its respective “Bull Flag” channels. Like clockwork, it turned out that our prudent approach of identifying opportunity in a “sea of red” and our pragmatic-patience aligned with the technical understanding of Trend and Price action-based charting was prosperous once again. Shortly after posting our accumulation prediction for Bitcoin in late June, we saw a sell-off which took us to the bottom of our aforementioned Bull Flag’s channel. As mentioned last month too stating that “Bull Flag setups have been an opportune time to buy Bitcoin” combined with short-term irrationality to the downside, keen-eyed traders and I decided to add to our positions. The first week of July saw us “wick” through the bottom of the channel, although there were no definitive closes below the channel – a good sign, ultimately holding the line at $55,800. One textbook rule of trading is that “not everything goes up OR down in a straight line.”; this would and continues to be a key part to our strategy in the coming weeks.

After we held the bottom of the channel, it was only natural we would get some form of a relief rally in the markets. This happened to coincide not only with a technical level of support, but also the shocking events that took place in Bulter Pennsylvania on July 13th where President Trump dodged a bullet in a spectacular display of courage and resilience from an assassination attempt on his life. Such fervor quickly disseminated into the markets over that weekend and sustained momentum over the coming weeks on the bullish prospects that a Trump victory in the upcoming November US Elections could now be a very real possibility. With a strong campaign promoting economic growth and a return-to-form for the States, it’s no wonder that we saw a sea-of-green shortly thereafter, carrying a rally that went from traditional assets such as US Indices like the S&P500, all the way into Cryptocurrency and Bitcoin alike. The aforementioned rally sent BTC price in recent days into a summit, pushing the $70,000 threshold again.

A clearer view of the chart above can be found here: https://www.tradingview.com/x/qld6roEP/

As you can see, this took us right into the resistance at the top of our Bull Flag channel, marking a more than 30% bounce from the very bottom to top of our recent July volatility, a tremendous rally in which we outlined late June that could likely play out as we trade within this accumulation range. Fueled by optimism, patriotism and the ever-improving macro economical climate, such as the US FED’s recent pricing-in of a 25-basis points rate cut coming in September this year, marking the first cut to the Federal Funds rate in approximately 4 years, it’s little wonder that we’re seeing volatility start to creep back into the markets and Cryptocurrency industry as a whole.

In recent developments, like clockwork after hittng the top of the channel, we have now initiated an inevitable pullback, as outlined by our Bull Flag accumulation prediction, it appears this could be the final wave of opportunity on Bitcoin before we start to first locally reverse trend, and finally put an end to the accumulation we’ve seen since March of this year and instead resume a bullish trajectory leading us healthily into the 2025 Bull run. Currently we’re hovering around $51,500 for Bitcoin, with the lowest point coming in today at $51,331.

A clearer view of the chart above can be found here: https://www.tradingview.com/x/Nv7zUYZZ/

Whilst it might look scary now, remember as mentioned above last time we saw a capitulation down to this price range, we quickly reversed trend as seller exhaustion set in and buying resumed rather quickly, sending us on a two-week tear back regaining 30% back in the green.

Given that fundamentally we’re not seeing any major shifts in macro-economic sentiment, and that the US FED feel re-assured enough that a soft-landing is still close to being achieved based on unemployment and inflation data, it seems that this sell-off may simply be a pricing in for the September rate cuts across all markets broad and wide, not just in Cryptocurrency; a good sign that our specific industry remains largely unimpacted by any significant headwinds at this point in time. Perhaps the impact of FED on the market is troublesome and maybe even worry some for some I will say this; for all the faults of monetary and economic policy, if there’s one thing I’ve learnt about the puppet masters pulling the puppet strings in the market is this; Don’t fight the FED. Their uncanny ability to sway market sentiment on a dime is unparalleled and personally I don’t plan on them radically shifting their policies to accommodate prolonged deflation so that the common man can work a 9-5, 5 days a week and pay off their mortgage in 5 years like it’s the 1970’s all over again. The expansion of fiat currency has backed them into a corner between a rock and a hard place, full well knowing that an implosion of the markets, just like the banks during the GFC would be too big to fail; intervention through Keynesian economic trickery may just be inevitable again, much like that we’re seeing with the pricing-in of September rate cuts, ergo; an easing cycle all over again and we all know what inflationary euphoria that caused in the markets post-Covid era.

Of course, we will need to keep an eye on interest rates and how they continue to impact the market, and in future articles we may even look at the Yield Curve and how the timing of recessions are predicted using such contrasting charts in more detail, although for now we see an industry that has managed to survive much stronger headwinds than this, and shake them off each and every single time. If I had a dollar for every time I heard “Bitcoin is dead” I’d have a whole Bitcoin, and probably then-some given I’ve been hearing it since Bitcoin was at ultra-low prices back then, of which people can only dream of today. A sea of red is scary to some, an opportunity to others, and a potential learning lesson for everyone and here at Stormrake we’re here to help you navigate through the noise to the other side. The journey and how we choose to deal with the curveballs along the way is what defines us, relish it and enjoy the ride!

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.