EllioTrades

Share this post

December 13, 2021

www.elliotrades.xyz
EllioTrades Daily Roundups

December 13, 2021

Fed Week: Bracing For Impact

Oliver Grah
Dec 13, 2021
11
Share this post

December 13, 2021

www.elliotrades.xyz

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 @zerohedge
zerohedge @zerohedge
Asian crypto selling has resumed
1:09 AM ∙ Dec 13, 2021
1,294Likes118Retweets

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 @42macroDDale
Darius 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.
Image
Image
Image
Image
9:42 AM ∙ Dec 13, 2021
18Likes2Retweets

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 @punk6529
6529 @punk6529
gm remember, it is a sprint AND a marathon. You need to manage yourself accordingly. let's get 'em
6:43 AM ∙ Dec 13, 2021
790Likes61Retweets
  • 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 @CryptoCobain
cobie @CryptoCobain
Remember when doge was going to $1
Image
12:50 AM ∙ Dec 13, 2021
2,804Likes148Retweets
  • 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 @CryptoGodJohn
Johnny @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
2:23 AM ∙ Dec 13, 2021
5,762Likes158Retweets
  • If the recent market downturn made you doubt your involvement in crypto, here are some wise words from Santiago Santos:

Twitter avatar for @santiagoroel
Santa-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 🐸
1:24 PM ∙ Dec 13, 2021
53Likes6Retweets
  • And here is some more (not serious) advice for how you can protect yourself from inflation instead of investing…

Twitter avatar for @benjaminsimon97
Ben Simon @benjaminsimon97
This is going to end well.
Image
Twitter avatar for @business
Bloomberg @business
Some of the advice on how to cope with rising inflation includes: Spend your paycheck right away https://t.co/7iWXqA0Pl2
11:03 PM ∙ Dec 12, 2021
232Likes14Retweets
  • 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
ift.ttr/ethereum - BBVA Switzerland Becomes First Traditional Financial Institutions In Europe To Add Support For Ethereum163 votes and 7 comments so far on Reddit
1:53 PM ∙ Dec 13, 2021
46Likes12Retweets
Twitter avatar for @Blockworks_
Blockworks @Blockworks_
NEW: $243 billion UAE wealth fund Mubadala to invest in the crypto ecosystem
Image
2:02 PM ∙ Dec 13, 2021
96Likes18Retweets
  • Even without hot crypto prices, Web 3 is still undoubtedly the future!

Twitter avatar for @nytimes
The 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
Image
12:00 PM ∙ Dec 13, 2021
1,412Likes502Retweets
Share this post

December 13, 2021

www.elliotrades.xyz
Comments
TopNewCommunity

No posts

Ready for more?

© 2023 EllioTrades
Privacy ∙ Terms ∙ Collection notice
Start WritingGet the app
Substack is the home for great writing