ICYMI: THE TRADE TRAVEL CHILL WEEKLY RECAP
Did we get stuck in the Bermuda Triangle, or just an asymmetrical one? IDK, but what I do know is that we’ve finally climbed to a cruising altitude at almost 100K. So close! Please feel free to remove your seat belts, have a complimentary glass of sparkling water from the First Class drinks trolley, and let’s get ready to celebrate this week’s journey through market turbulence and triumphs. ✈️
Ok guys, we made it through the bear market, and we are here almost at 100k!! What a day to be alive and grateful for this community and all the good things that we have! Have a nice day you all! Good morning ❤️
— Lucyinthesky
TRADE
👩✈️ FROM THE FLIGHT DECK
Did you catch all of Annii’s analysis this week? Here’s your recap!
- On X, she raised a thought-provoking point about retail interest in Bitcoin, and whether it actually started months before it showed up on Google Trends.
- Our conspiracy theory queen 👑 was back, talking fast market moves and their potential to attract new retail traders, here.
- While many of us were dazed and confused by the ups and downs early in the week, Annii pointed out the pointy end of a 4H asymmetrical triangle and told us to focus on getting good long positions before a breakout.
- Annii switched channels for her market update, joining her mates over at Coin Market Bureau for a midweek analysis of Bitcoin on its path to 100K.
- With Bitcoin taking a breather, she shared her thoughts on ETH’s setup and while watching for breakout opportunities, and much to CajunSpice’s distaste, ETH broke to the upside the next day.
- And for the higher timeframe traders, Annii dived into retail and MM behaviour and revisiting cycle counts, here.
The current price action shows me that we are currently in L2 because of media attention, google trends searches, and my friend’s text messages haha! When my mum messages me, we will be at Level Three. I’ll let you all know when she calls!
— Annii
Inflight news ⚡
Making headlines at TTC this week!
- Janet was back on YouTube, covering the Top 4 Free Crypto Indicators Every Beginner Trader Must Know.
- It’s Black Friday next week, and there are some huge discounts on Trading View and Hyblock incoming, so get ready to snag some savings!
- And TTC channel partner Alpha Crypto Network debuted a new live show on Annii’s YT channel, sharing plenty of crypto news and bold takes, and even threw some shade in the direction of Michael Saylor! 😎 See you same time next week, Pedro!
We need Michael Saylor to stop buying Bitcoin! This could be a liability for the market for the long haul. He’s buying Bitcoin like crazy, and while he is doing this the dominance of Bitcoin will continue to rise, and I don’t think our altcoins are going to move.
— Pedro Silva
Weather Report 🌦️
After a heavy few weeks of macro action, you’d think this relatively quiet week would feel light on news by comparison, but as Jarrid demonstrated with his coverage this week, the market never sleeps.
- He published his latest blog: a deep dive into swaps, sentiment, and oil prices.
- He discussed the rising cost of leverage and its implications for borrowers, drawing parallels with the 2007 crisis, here.
- Jarrid’s weekly asset return comparison highlighted BTC as the standout performer AGAIN 🥱 while stocks, gold, and bonds lagged, here.
- He kept us up to date with NVDA’s earnings performance, and how this tech behemoth can signal trends for both stocks and crypto, especially heading into next week’s short holiday week.
- Spot bitcoin ETF options began trading on the Nasdaq this week and Jarrid noted how it was likely to draw capital out of Microstrategy (MSTR) and into these new ETF options, here.
- He closed out the week with optimism for BTC, with Ben Cowen’s comments that prior halving-year trends that could see prices near $120k.🥳
This is the last full week of trading in the US for November as next week is Thanksgiving. Historically, the week of Thanksgiving is weak (bearish) for US stocks. In 2020, BTC saw a -17% pullback starting on 11/20 (3 down days to bottom); 22 days post election -> 22 days post election would be Wednesday the 27th.
— Jarrid J
Financial Astrology 🔮
You know you have made it when you join Linda and Jimmy on Janet’s charts, and this week Jarrid achieved that honour! In her Thursday US session open, Janet showed how Crypto Damus‘s predictions have played out perfectly this week, and highlighted December 7th to 17th as the next key dates to pay attention to, and how that aligns with timing on the higher timeframes.
🥂 FROM THE CAPITAL CLUB
This week in the Capital Club:
- Annii gave us a detailed portfolio update, and which limit orders had been picked up.
- She celebrated $BERRY achieving a 100% gain since her epic entry, and her surprise profits with $DAG hitting 100%.
- This week, SilverWolf celebrated $RENDER’s impressive 95% surge by sharing his latest altcoin review, diving into the Render hype and the inner workings of this decentralised computing network marketplace.
- He also published his latest blog about Bitcoin’s path to a million-dollars.
- He spotlighted (why do I think that should be ‘spotlit’?) poor old $ETH’s ongoing resistance struggles and $TON’s challenges at the $5.60 supply zone, but also its potential for an uptrend after breaking the trend line.
- He celebrated $ROSE’s breakout from its long-term downtrend and highlighted BTC’s weekly MACD turning positive, last seen at the start of the year, signalling a shift to bullish momentum. 🚀
For all the details, head to anniis_updates and the silverwolfbtc-updates channel!
✈️ FROM THE MAIN CABIN
Cabin Crew Hangouts ✍️
In Cajun’s hangout this week, he talked Fib extensions and how to judge retrace targets, dominance shifts and his strategies for rotating between assets, and the impact of BTC consolidation on altcoin performance. Catch it all here!
While BTC consolidates, the alts may have room to run. Why? Have a look at the dominance charts. When BTC dominance was going down like a rocket, you would think that BTC price was going to take a nose dive, but it is just sideways consolidation. While BTC goes sideways, its dominance completely craters, but at the same time the alts have room to breath and catch up.
— CajunSpice
And coming to you LIVE from his Spanish apartment… Mick dropped in with a rebooted Thursday hangout session, revisiting counting levels, identifying position opportunities in flag formations, and sharing insights on LINK and KAS. Catch the recording here.
You’ve gotta have a crack. I’ve seen heaps of stuff recently of people saying “I saw the trigger, but I didn’t enter it.” If you don’t have a crack, how are you ever going to get it?
— Mick P
And today, Cody’s Friday sesh recapped the last two weeks’ entries, Mad Dog Mondays, and how to read weakness in price action as a clue for what happens next. He also demonstrated how to use consolidation around the 50 EMA for entries during parabolic runs, and if you weren’t at the session and can identify what the emojis on his chart mean, leave it in the comments and Cody will totally send you a prize.*
*Prize includes an imaginary trophy, and the friends we make along the way. Postage not included.
This was my favourite trade of last week because this is only pretty recent learning. Using the 50EMA as your guide on any timeframe, if you have consolidation to the upside, then they will continue up. If they are holding around the 50EMA, but not really above it, it’s kind of like a symmetrical triangle, it’s 50/50. But if the consolidation is below the 50EMA, you’re suspicious and you’re like “Ah, we’re probably gonna drop again”.
— Cody Selby
TRAVEL
Exciting times! Annii has spent the week with the winners of the TTC x Bitunix trading competition, who landed in Dubai, with an amazing itinerary of adventures. What a way to celebrate (almost) 100K!
CHILL
Mindset 💖
- Don’t miss Coach Cat‘s next live session, 6am – 7:30 am NY next Friday – an essential part of our trading strategy at this stage of the market.
- And thank you, Ton, for sharing this lovely guided meditation for those looking to re-centre and focus before the market opens.
- And to vicsavi for sharing this incredibly serene photograph of the Amalfi Coast. 🧘 Take me there.
Inflight Entertainment 📺
And as always, here are some suggestions to keep you from missing the charts too much this weekend!
- Want to know when Annii thinks Shiba Inu will reach $1 per coin? Check this out. 😅
- Jimmy Hoffa shared this interview with Pedro’s mate, Michael Saylor
- Jarrid recommends this great video about the potential impact of the ETF options.
- And enjoy this gorgeous video from Africanbuzz of their road to work in Kenya.
☀️ ON THE HORIZON
All times are listed in New York time. Access the full calendar here.
😆 MILE HIGH MEME
Thank you for reading! I appreciate the support and feedback, and love to hear ideas about how to make this recap the best it can be. Comment below or send me a DM if you have thoughts.
— Caitlin 💙
