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

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