- Weekly Wizdom
- Posts
- Another Traumatizing Event
Another Traumatizing Event
Issue #108
Good morning!
Risk assets have retreated slightly from their ATHs, which has triggered a lot of liquidations on altcoins in the last sessions. There hasn’t been catalyst data; however, we have seen a lot of leverage and heavy positioning in crypto. We have US inflation data today, which is the main event for this week. Looking ahead, all attention will be on the FED’s rate decision next Wednesday (18th), with the market currently pricing another 25 bps cut. As always, a press conference and economic projections will reveal how the FED sees the US Economy and what that entails for future rate cuts.
This week, our Technical Analysts cover the following tickers: XMR, ALGO, SSV, BTC, INJ, SUPER, GOAT, CHILLGUY, and XRP. We cover SGML, LIF, OKLO, GOOGLE, and HON on the equities front. Please be careful and read the trading plans, commit to the specific price level ranges, and wait for the outlined opportunities! Enjoy, and happy reading!
XMR (Crypto Fox): Last week’s NL long call hit entry at 196.48 and ran up to hit a local high at 228.02 for a 16.05% unleveraged move to the upside.
REFERENCES
(n.d.). Google’s quantum computer could break Bitcoin in two ways. Protos. https://protos.com/googles-quantum-computer-could-break-bitcoin-in-two-ways/
(n.d.). Google’s Willow Raises Bitcoin Security Concerns as Price Struggles to Break $100K. Finance Magnates. https://www.financemagnates.com/cryptocurrency/googles-willow-raises-bitcoin-security-concerns-as-price-struggles-to-break-100k/
(n.d.). Bitcoin Faces Quantum Threat? Google Unveils Willow Chip Breakthrough. Crypto News Flash. https://www.crypto-news-flash.com/bitcoin-faces-quantum-threat-google-unveils-willow-chip-breakthrough/
(n.d.). Google’s New Quantum Chip Won’t Kill Bitcoin, Expert Says. U Today. https://u.today/googles-new-quantum-chip-wont-kill-bitcoin-expert-says
(n.d.). Get to Know Honeywell's Latest Quantum Computer System Model H1. Honeywell. https://www.honeywell.com/us/en/news/2020/10/get-to-know-honeywell-s-latest-quantum-computer-system-model-h1
(n.d.). Honeywell Leverages Quantum Computing Encryption Keys to Bolster Utilities' Data Security Against Cyber Threats. Honeywell. https://www.honeywell.com/us/en/press/2023/09/honeywell-leverages-quantum-computing-encryption-keys-to-bolster-utilities-data-security-against-cyber-threats
(n.d.). Honeywell Quantum Solutions and Cambridge Quantum Computing join forces to form Quantinuum. Honeywell. https://physicsworld.com/a/honeywell-quantum-solutions-and-cambridge-quantum-computing-join-forces-to-form-quantinuum/
(n.d.). Introducing Quantinuum: The World's Largest Integrated Quantum Computing Company. Quantinuum. https://www.quantinuum.com/press-releases/introducing-quantinuum
WANT MORE?
We’ll make it easy for you! Upgrade to Premium and gain an edge in the markets with industry-leading insights and analysis.
Disclaimer
Wizard of Soho LLC and Weekly Wizdom publish financial information based on research and opinion. We are not investment advisors, and we do not provide personalized, individualized, or tailored investment advice, nor do we provide legal advice or information. The publisher does not guarantee the accuracy of the information provided on this page. All statements and expressions present are based on the author's or paid advertiser's opinion and research. Directly or indirectly, no opinion is an offer or solicitation to buy or sell the securities or financial instruments mentioned.
As news is ever-changing, the opinions included should not be taken as specific advice on the merits of any investment decision. Investors should pursue their investigation and review of publicly available information to make decisions regarding the prospects of any company discussed. Any projections, market outlooks, or estimates herein are forward-looking and inherently unreliable. They are based on assumptions and should not be construed to be indicative of actual events that will occur.
Contrarily, other events that were not considered may occur and significantly affect the returns or performance of the securities discussed herein. The information provided is based on matters as they exist on the date of preparation and do not consider future dates. As a result, the publisher undertakes no obligation to correct, update, or revise the material in this document or provide any additional information. The publisher, its affiliates, and clients may currently or foreseeably have long or short positions in the securities of the companies mentioned herein. They may, therefore, profit from fluctuations in the trading price of the securities. There is, however, no guarantee that such persons will maintain these positions. Unauthorized reproduction of this newsletter or its contents by photocopy, facsimile, or any other means is illegal and punishable.
Neither the publisher nor its affiliates accept any liability for any direct or consequential loss arising from any use of the information contained herein. By using the website or any affiliated social media account, you consent and agree to this disclaimer and our terms of use.