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December 13, 2021
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EllioTrades Daily Roundups

December 13, 2021

Fed Week: Bracing For Impact

Oliver Grah
Dec 13, 2021
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Introduction

Yes, we all would like to see the crypto markets turn bullish again and continue their moon mission… But is it likely that crypto prizes will blast off today or tomorrow? Most likely not.

Twitter avatar for @zerohedgezerohedge @zerohedge
Asian crypto selling has resumed

December 13th 2021

118 Retweets1,294 Likes

The fact is that all eyes are on the Fed this week and how the stock markets will react to its decisions… Will we see a fear-induced sell-off leading into the FOMC meeting on Wednesday (where we expect the announcement of accelerated tapering), or a nuke afterward? Hard to tell since it depends on how much of the Fed hawkishness is already “priced in” and how the markets will interpret the Fed’s words… However, with a high likelihood, we can expect nervousness and choppiness until at least the middle of this week!

Twitter avatar for @42macroDDaleDarius Dale @42macroDDale
Good morning and God bless! Reallocate your #FocusBudget to the #NextPlay. Pivotal week for asset markets with 20 central banks providing policy updates w/ many tightening at the margin including the Fed. Both the USD and global bonds love it as much as crypto hates it.
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December 13th 2021

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Market Outlook

  • It’s a big week for global asset markets: After years of seemingly unlimited money printing, which fueled a massive “everything bubble” and led to “up only” market sentiment, we are now in for a possible major policy shift that will alter the macro investment climate.

  • Since the investment climate for risk assets is more than uncertain in the short- and possibly mid-term, we advise you to have your risk management in check, which involves proper position sizing and a low-time preference.

  • Don’t forget: Crypto and Web 3 are the future, even if markets are shaky for a while. It’s all about managing risk and seizing opportunities when they arise!

Twitter avatar for @punk65296529 @punk6529
gm remember, it is a sprint AND a marathon. You need to manage yourself accordingly. let's get 'em

December 13th 2021

61 Retweets790 Likes
  • What is a good example of how not to approach this market? Well, how about aping into meme coins like DOGE or SHIB when everyone and their friends are talking about them? As you can see in the chart below, DOGE is a picture-perfect example of how bearish distribution to “the herd” looks like…

Twitter avatar for @CryptoCobaincobie @CryptoCobain
Remember when doge was going to $1
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December 13th 2021

148 Retweets2,804 Likes
  • Here is a message that, unfortunately, many people have and will not take seriously until it’s too late: If crypto gains have the potential to change your life, take them – even if only a portion!

Twitter avatar for @CryptoGodJohnJohnny @CryptoGodJohn
Exactly 4 years ago today I started my crypto journey. I lost both of my parents, my mom to cancer & my dad to alcoholism. Sleeping on an airmatress in my grandmas studio apartment kitchen that deflated every night. Today, I just put Christmas lights on my house. Proud moment

December 13th 2021

158 Retweets5,762 Likes
  • If the recent market downturn made you doubt your involvement in crypto, here are some wise words from Santiago Santos:

Twitter avatar for @santiagoroelSanta-iago R Santos | #9159 🦇🔊⚡️ @santiagoroel
Sometimes I wonder what I’d be doing if not crypto. Crypto is not perfect, never will be. Sometimes tiring days but hard to imagine doing anything more impactful & relevant. As P Knight puts it: “easiest way to find out how you feel about someone. Say goodbye” Never leaving 🐸

December 13th 2021

6 Retweets53 Likes
  • And here is some more (not serious) advice for how you can protect yourself from inflation instead of investing…

Twitter avatar for @benjaminsimon97Ben Simon @benjaminsimon97
This is going to end well.
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Bloomberg @business

Some of the advice on how to cope with rising inflation includes: Spend your paycheck right away https://t.co/7iWXqA0Pl2

December 12th 2021

14 Retweets232 Likes
  • If you need signs that crypto is fundamentally still moving along despite stalling prices, here are a couple of news items from today:

Twitter avatar for @r_Ethereum/r/Ethereum @r_Ethereum
BBVA Switzerland Becomes First Traditional Financial Institutions In Europe To Add Support For Ethereum #Ethereum
r/ethereum - BBVA Switzerland Becomes First Traditional Financial Institutions In Europe To Add Support For Ethereum163 votes and 7 comments so far on Redditift.tt

December 13th 2021

12 Retweets46 Likes
Twitter avatar for @Blockworks_Blockworks @Blockworks_
NEW: $243 billion UAE wealth fund Mubadala to invest in the crypto ecosystem
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December 13th 2021

18 Retweets96 Likes
  • Even without hot crypto prices, Web 3 is still undoubtedly the future!

Twitter avatar for @nytimesThe New York Times @nytimes
Thea-Mai Baumann's Instagram handle was @Metaverse. “You are now a millionaire,” one person messaged her when Facebook announced it was changing its name. "Fb isn’t gonna buy it, they’re gonna take it,” said another. And that's exactly what happened.
nyti.ms/31UVs7U
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December 13th 2021

502 Retweets1,412 Likes
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