Buy the Dip

Issue #101

October 23, 2024 • Estimated Reading Time: 7 minutes

Good morning!

US equities remain robust and fueled by positive earnings, and they continue their uptrend from last week. Nvidia keeps leading the way, hitting new all-time highs (ATHs), while the Nasdaq is also in sight of its ATHs. Crypto has been holding up but is much more volatile and choppy compared to equities over the last week. Global bonds continue to sell off, with the crucial 10-Year Treasury yield surpassing 4.2%, rallying by more than 50 basis points (bps) in the last month and raising borrowing costs despite being in a rate-cut cycle. The US job report on the 29th is likely to be the most important data in the short term for gauging how the US economy is faring and for predicting future decisions from the Federal Reserve (FED).

This week, our technical analysts provide trading plans for the following crypto tickers: STX, UNI, APT, TIA, BONK, BTC, TAO, and MOG. On the equities front, we discuss ideas for MSFT, AMZN, ETHU, UEC, and ASPI. Please read the plans carefully, note the suggested interest levels, set your alerts, and wait for them to play out. As always, we conclude the newsletter with updates on Web3, NFTs, and the AI sector. Enjoy!

  • STORJ (Crypto Fox): Telegram long: entry 0.5778 ran to 0.7735 for a 33.87% unleveraged move to the upside

  • ONDO (Crypto Fox): Newsletter long: entry 0.7438 ran to 0.8395 for a 12.71% unleveraged move to the upside

  • BONK (Daniel): entry 0.022 ran to 0.025 for a 14% move

  • STX (Daniel4): entry at $1.80 ran to $1.945 for an 8% unlevered move

  • IREN (Donny): Entry at $7.30, stock last closed at $9.28 (~27% unlevered gain in <2 weeks)

References

Di Salvo, M. (2024, October 17). PayPal’s Venmo can now be used to buy Bitcoin and Ethereum via MoonPay. Decrypt. https://decrypt.co/286969/paypal-venmo-buy-crypto-moonpay

Gladwin, R. S. (2024a, October 17). Ethereum game “Moonray” coming to PS5—Without Crypto Features. Decrypt. https://decrypt.co/286878/ethereum-game-moonray-ps5-console

Gladwin, R. S. (2024b, October 21). ApeCoin doubles in price as ApeChain launches with Pump.Fun Clone, “Top Trader” game. Decrypt. https://decrypt.co/287407/apecoin-doubles-price-apechain-launches-top-trader

Jafery, R. (2024, October 16). Realm of Historia Making history ‘Accessible’ with first NFT collection. Decrypt. https://decrypt.co/286629/realm-of-historia-making-history-accessible-with-first-nft-collection

Lanz, J. A. (2024, October 21). New AI model developed by Harvard detects cancer with 96% accuracy. Decrypt. https://decrypt.co/287471/ai-model-harvard-detects-cancer

McCurdy, W. (2024, October 21). Stripe Inks $1.1 billion deal to buy Stablecoin platform Bridge. Decrypt. https://decrypt.co/287402/stripe-inks-1-1b-deal-to-buy-stablecoin-platform-bridge

Nelson, J. (2024, October 16). US Weather agency turns to AI for more accurate and faster hurricane forecasts. Decrypt. https://decrypt.co/286788/us-weather-agency-turns-to-ai-for-more-accurate-and-faster-hurricane-forecasts

V, V. (2024a, October 17). Vitalik Buterin lays out grand vision for Ethereum layer-2s with ‘The Surge’ Roadmap. Decrypt. https://decrypt.co/286826/vitalik-buterin-lays-out-grand-vision-ethereum-layer-2s-the-surge-roadmap

V, V. (2024b, October 18). Machine learning AI helped detect $4 billion worth of fraud in 2024, says US Treasury. Decrypt. https://decrypt.co/287141/machine-learning-ai-us-treasury

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