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- Crypto Saving Expert Newsletter - Issue 124
Crypto Saving Expert Newsletter - Issue 124
Good morning! Bitcoin is battling to maintain its position above $100,000, experiencing several sharp and rapid declines as the market undergoes consolidation. Let's dive in for a closer look at what is going on behind the scenes with bitcoin and the overall Web3 market. 👇
This week's issue will feature technical analysis of bitcoin, WIF, NOT, and SOL as well as important dates and key news stories.
Table of Contents
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Bitcoin On Choppy Water
Bitcoin is struggling to stay above $100,000 and has witnessed multiple quick, steep drops as the market consolidates.
Bitcoin Outlook
Bitcoin suffered another strong liquidation move yesterday, the second in recent days.
Although not as big as the one that occurred last week, it shook the market just as hard, with some altcoins plummeting over 30%.
However, bitcoin bounced back strongly, and the sell pressure was absorbed quickly.
From here, bitcoin must reclaim $99,000 to have another crack at the highs.
Stonksy - WIF
Stonksy caught the move across the market yesterday.
In this example, Stonksy turned red on the 10-minute WIF chart before the price began to cascade.
WIF dropped over 30%, providing a huge move, as indicated by Stonksy.
Stonksy - SOL
Another example of Stonksy’s superb results is the 15-minute SOL chart.
Again, Stonksy turned red before the drop occurred, capturing the whole move and more importantly, avoiding significant loss to the downside for users.
Stonksy - NOT
The final example in what could be a full book on Stonksy’s performance on Monday is the 1-hour NOT chart.
Much like the lower time frames, Stonksy changed to the red background on NOT and caught the drop.
Stonksy caught the cascade on many different time frames across the whole market, providing a strong indication to users that regardless of the chart or time frame they were observing, Stonksy can always catch market moves.
Sign up for a Stonksy plan today and begin benefiting from the indicator’s performance: https://www.stonksy.io/signup
Fear & Greed Index
The Fear and Greed Index scores 78, remaining within Extreme Greed while bitcoin consolidates.
However, altcoins appear to be weak in the market, suggesting that investors could become spooked if bitcoin begins to dive.
Important Dates
Wednesday 11 December, 13:30 UTC - US Consumer Price Index (CPI)
CPI measures inflation and is a vital economic measurement in all countries. The data is released by the Bureau of Labor Statistics and calculated using a shopping basket of goods and services.
The data is forecast at 2.7%, with the previous data at 2.6%.
Thursday 12 December, 13:30 UTC - Producer Price Index (PPI)
The Bureau of Labour Statistics is also responsible for PPI, which measures the average change in commodity producers. Similar to core inflation, PPI removes volatile goods from its findings.
The forecast is set at 3.3%, with the previous data at 3.1%.
Gainers
Losers
Bitcoin Dominance Rebounds as BTC Hits $104k All-Time High
Bitcoin dominance surged to 57% after BTC reached a historic $104,000 on 5 December, outpacing altcoins like BNB, TRX, and XRP. Discover the market sentiment and key highlights of BTC's six-figure milestone.
Bitcoin dominance, the metric tracking bitcoin's share of the total crypto market, rebounded sharply on 5 December as the number one crypto hit a historic $104,000.
While altcoins lagged, Bitcoin reasserted its dominance, which rose by 4.4% in 24 hours to top 57%, according to TradingView data.
BTC dominance had previously slid from a multi-year high of 61.8% on 21 November to a low of 54.7% on 4 December, driven by altcoin rallies.
Altcoin Rally Takes a Backseat
In the weeks leading up to Bitcoin’s surge, several altcoins posted remarkable gains:
● BNB (Binance Coin) reached a record high of $734.43.
● Tron (TRX) climbed to $0.3363, an all-time high.
● XRP hit a seven-year peak of $2.41.
Bitcoin, meanwhile, consolidated around the $95,000 level, causing its market dominance to dip, until its explosive move into six-figure territory early on 5 December.
Market Sentiment Turns “Extreme Greed”
The Bitcoin Fear & Greed Index, which gauges investor sentiment, currently sits at 84, reflecting "extreme greed." It previously spiked to 94 on 22 November, its highest level since December 2020.
Social interest has also surged, with Google Trends reporting that 5 December saw the week’s most significant spike in searches for Bitcoin globally.
Liquidations and Market Activity
According to CoinGlass data, the surge in Bitcoin’s price caused $132 million in short positions to be liquidated in just four hours. Over the past 24 hours, the largest single liquidation to occur happened on Bybit, where a BTCUSD contract valued at $8.91m was liquidated. This marked a decisive shift in market momentum as bitcoin left consolidation behind to reclaim its leadership.
Celebrating Bitcoin’s $100K Day
Bitcoin’s six-figure milestone has drawn widespread celebration across the crypto industry.
Coinbase CEO Brian Armstrong highlighted bitcoin's extraordinary growth: “If you bought $100 of bitcoin when Coinbase was founded in June 2012, it would now be worth about $1.5 million."
Armstrong also pointed out bitcoin’s performance compared to fiat currency: “$100 USD from 2012 would only buy about $73 worth of goods today. Bitcoin remains the best-performing asset of the last 12 years—and it’s still early days.”
Key Insights and Looking Ahead
Bitcoin’s dominance surge and six-figure price highlight its resilience and position as the market leader. As sentiment grows bullish and the Fear & Greed Index indicates high enthusiasm, analysts speculate this could trigger an extended rally into 2025.
For now, bitcoin’s milestone stands as a reminder of its market-shaping power—even as altcoins wait for their next moment in the spotlight.
Paul Atkins Nominated by Trump to Lead SEC, Who is He?
President-elect Donald Trump has nominated pro-crypto Paul Atkins to head the SEC, fulfilling a campaign promise to crypto voters. Learn how this leadership change could reshape US crypto regulation
President-elect Donald Trump has nominated Paul Atkins, a known advocate for cryptocurrency and former SEC commissioner, to replace Gary Gensler as head of the U.S. Securities and Exchange Commission (SEC). The announcement was made on 4 December, with Trump praising Atkins' regulatory experience and pro-crypto stance.
Trump shared via Truth Social:
"Paul is the CEO and Founder of Patomak Global Partners, a risk management consultancy. As Co-Chairman of the Digital Chamber’s Token Alliance since 2017, he has worked on and studied the digital assets industry.”
“A former SEC Commissioner from 2002-2008, Paul strongly advocated for transparency and protecting investors,” Trump added.
A Campaign Promise Fulfilled
Atkins’ nomination fulfils a key campaign promise Trump made to crypto voters, including a commitment to appointing a pro-crypto SEC commissioner.
Trump highlighted this initiative during his keynote speech at the Bitcoin 2024 conference in Nashville, Tennessee.
Gensler’s Departure and Industry Impacts
Gary Gensler, who faced heavy criticism for his anti-crypto policies, tendered his resignation on 21 November following months of pressure. Despite threats of removal, Gensler maintained his aggressive stance against the crypto industry until the end of his tenure.
Under Gensler’s leadership, the SEC launched 104 lawsuits against crypto firms between 2021 and 2023, according to the Blockchain Association, costing the industry an estimated $426 million in legal fees.
Following the announcement of Gensler’s resignation, crypto markets surged, with analysts predicting an altcoin rally extending into 2025.
Who is Paul Atkins?
Paul S. Atkins is a former SEC commissioner recognised for his advocacy of transparency and investor protection during his tenure.
He has extensive experience in financial regulation and is the CEO of Patomak Global Partners, a consultancy specialising in risk management and regulatory compliance. Atkins also co-chairs the Token Alliance, focusing on developing best practices for digital assets.
With a background in law and finance, including roles at Davis Polk & Wardwell and on the staff of two SEC chairmen, Atkins has played a significant role in shaping corporate governance and improving access to capital markets. His expertise in digital assets and regulatory frameworks makes him a respected figure in the financial sector.
Key Takeaways and What’s Next
Paul Atkins’ nomination signals a significant policy shift at the SEC, aligning with Trump’s pro-crypto platform. If confirmed, Atkins is expected to prioritise clear regulatory frameworks, fostering innovation while maintaining investor protections.
This change in leadership, coupled with improving market sentiment, positions the U.S. crypto industry for a potential revival in 2025.
Stonksy's Weekly Crypto Recap: Top Trades and Key Market Moves
Explore Stonksy's weekly crypto recap, highlighting key trades and strategies on LINK, LTC, ETH, ALGO, and IOTA. Discover how momentum shifts and breakout strategies delivered standout results in bullish market conditions.
This week, Stonksy delivered impressive calls across a variety of cryptocurrency pairs, leveraging momentum shifts and breakout strategies to achieve standout results. In this recap, we explore the performance of LINK, LTC, ETH, ALGO, and IOTA, breaking down their price action and how Stonksy identified winning trades in bullish market conditions.
1. LINK/USDT (15-Minute Chart)
Chainlink (LINK/USDT) led the week with a powerful uptrend, showcasing a consistent climb supported by strong buying interest.
Highlights:
● LINK transitioned from a consolidation phase into a bullish breakout early in the week.
● Higher highs and limited retracements reinforced the momentum, with Stonksy signalling an entry during the early green phase.
Stonksy’s Position:
● Long positions were initiated as the price broke out of consolidation, riding upward momentum. Trailing stops ensured gains were secured during minor pullbacks.
2. LTC/USDT (1-Hour Chart)
Litecoin (LTC/USDT) captured traders’ attention this week with a decisive rally, breaking above $130 and peaking at $145.
Highlights:
● LTC transitioned from a bearish (red) zone into a bullish (green) phase, signalling a strong upward momentum.
● Consistent higher lows drove confidence in the trend, with minimal downside risk.
Stonksy’s Position:
● Long positions aligned perfectly with the transition into the green phase, capitalising on the breakout and securing profits with trailing stops as LTC peaked.
3. ETH/USDT (1-Hour Chart)
Ethereum (ETH/USDT) broke above the $4,000 mark for the first time since 13 March, marking a significant milestone in this week’s crypto market.
Highlights:
● ETH consolidated early in the week before a decisive breakout above key resistance levels.
● Consistent higher lows and increasing buying pressure supported a steady climb, culminating in a strong close above $4,000.
Stonksy’s Position:
● Long positions were triggered during the green momentum phase, locking in gains as ETH surged through resistance.
4. ALGO/USDT (1-Hour Chart)
Algorand (ALGO/USDT) delivered a steady rally, with clear bullish momentum captured by Stonksy’s green zone.
Highlights:
● ALGO transitioned into a bullish phase early in the week, following a period of consolidation.
● A strong rally pushed the price above $0.57, offering excellent opportunities for trend-following strategies.
Stonksy’s Position:
● Long trades entered during the green zone maximised gains during the rally. Pullbacks offered re-entry opportunities, ensuring a smooth capture of the week’s upward trend.
5. IOTA/USDT (1-Hour Chart)
IOTA (IOTA/USDT) emerged as a standout performer, displaying an explosive rally with minimal retracements.
Highlights:
● IOTA entered a green bullish zone early in the week, signalling the start of a strong upward trend.
● Higher highs and a steady climb pushed the price to new weekly highs near $0.51.
Stonksy’s Position:
● Long entries timed with the initial momentum phase allowed traders to ride the rally to its peak, with trailing stops securing profits during pullbacks.
Key Takeaways from Stonksy’s Week
Stonksy’s ability to identify momentum shifts and capitalise on breakout opportunities was fully displayed this week. Across all five assets, Stonksy leveraged:
● Momentum Zones: Recognizing transitions from bearish to bullish phases.
● Breakout Strategies: Capitalizing on rallies following consolidations.
● Risk Management: Using trailing stops to lock in gains during retracements.
Stonksy’s performance reinforces the value of combining technical analysis with disciplined entries and exits.
Conclusion
This week showcased the power of Stonksy’s momentum-based approach, delivering actionable insights and profitable trades across LINK, LTC, ETH, ALGO, and IOTA. As market conditions evolve, Stonksy remains a reliable guide for navigating bullish trends and short-term volatility.
Stay tuned for next week’s recap, in which we’ll analyze the latest market moves and highlight more high-probability setups in the crypto market.
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