Hello Defiers! This is a recap of our latest DeFi Alpha Call that took place on 31/11/2022 in Discord.
The recording quality is not the best due to Discord’s technical limitations and Discord Nitro is not enough. To improve today’s experience, we are adding subtitles and timestamps. Thanks for your patience while we figure out this live-streaming issue!
DeFi Alpha is a weekly newsletter published for our premium subscribers, contributed by Defiant Advisor and DeFi investor at 4RC, DeFi Dad, and our Degen in Chief yyctrader. It aims to educate traders, investors, and newcomers about investment opportunities in decentralized finance, as well as provide primers and guides about its emerging platforms.
We finally broke out of the range last week, and it was an upside break as expected.
- Prices have now reached the next level of resistance in the 1550 to 1600 area.
- There’s still another Fed hike on the way, so now is not the time to be married to positions. Expect volatility.
- We are in the seasonally strong period for markets as a whole. The fourth quarter is usually friendly to bulls.
If we see a pullback from here, it would set up an inverse head and shoulders pattern. If it plays out, ETH should target 1800-2,000 next.
There will be a lot going on this week. We have the Fed on Wednesday, which everyone seems to have forgotten. Everyone is caught up in the excitement of the rally and some euphoria is back.
It doesn’t make sense. That’s why they’re called “meme coins,” right? But I did see something interesting on Twitter about how spot buying from Coinbase was fueling this rally. Now, if that’s the case, I think this rally could last a while because people are actually buying instead of just speculating on perpetuals and forcing market makers to buy spot to keep prices in line.
Aopanda. Yesterday, these pandas were released, and they’ve already done a lot of volume in just about a day. It seems that these characters are popular in Japan. Full disclosure, I own a few.
Slowly, Art Blocks have been coming up again. Old collections have been going up steadily. Squiggles are now up to 16 ETH while Contractions went crazy right from the start.
RTFKT dropped a collaboration with Rimowa, a high-end luggage maker from Germany.
If you own any Art Blocks, you’ll be able to claim two free friendship bracelets on November 3. Learn more
👉 Earn Passive Stablecoin Yield with OUSD + Curve. Learn more
👉 Getting Started With NFTs On Cardano. Learn more
00:56 ETH Overview
04:00 Bitcoin Overview
04:57 DOGE Overview
07:50 NFT Roundup
17:08 OUSD Tutorial – Earn Passive Stablecoin Yield with OUSD + Curve
21:19 Cardano Tutorial – Getting Started With NFTs On Cardano