The Crypto Bottom Is In & 30% Discount!
The crypto bottom is in, here's why...
Dear friends of 10x Club,
This is a moment I have been waiting for, for a a looong time! I believe we have seen the worst of the crypto drawdown and I think the bottom is in for most (fundamentally strong) alt coins.
Please take some time to check this update, if you’re working right now - check back in this weekend as this is an important update - also with regards to a a big 30% discount that I offer until January 1st, 2022!
(scroll down to read the market update)
30% discount on 10x Club
Given the time of the market, I think this is the ideal time to become part of 10x Club. Until January 1st, 2022 I offer a 30% discount on a yearly subscription. Which means you get weekly updates on the crypto market including the following:
My full 10x Club crypto portfolio with entry prices that consists of all the projects that I think could become the next Apple or Amazon of crypto and have amazing potential to grow and gain value.
(NEW) My updated trading strategy with a 90% win rate, 1 trade a week - where I teach you how to look at price action and the right data, so you can understand what is going on in the market from a market maker’s perspective. The market maker is like the Casino and the casino always wins, if you know their interest, you trade with them, not against them! Trading is difficult and full of traps, yet there’s at least 1 ideal trade a week with comes with a good risk/reward ratio.
Fundamental Analyses on the whole 10x Club Portfolio and the market - why do the projects we invest in have so much potential and why are they better than other projects? No maxi or fanboy standpoint, I analysed most crypto projects in the top 1000(!) and I only picked the best to my opinion and to the information I have at hand.
Weekly updates on the macro environment of the market. Every week we keep an eye on all the data available (stocks, bonds, forex and economical data) to see if we make the correct calls. Nothing is for certain in the market and thus we can’t have bias. We have to stay neutral and fact check our point of view by looking at the most important data and important news every week.
Take advantage on the 30% discount here:
IMPORTANT NOTICE FOR FOUNDING MEMBERS & WEEKLY SUBSCRIBERS
Founding members will receive first access to my updated trading strategy as soon as this weekend. It’s time I take care of my founding members by giving them early access to new updates as they supported me since day 1. If you wish to do so, you can still become a founding member when you sign up.
Weekly subscribers I advise to make use of this yearly discount as you would save quite a bit of money. Of course, you can keep your current plan but it’s much cheaper to make use of this
Why The Bottom Is In!
One does always need to be careful claiming “the bottom is in” - what’s 100% certain in the market is that nothing is certain. Please keep that in mind, investing is a game of uncertainties and always comes with risk - after 2022 seeing unfold I think you understand what I mean by that.
Yet, I have been stubbornly in cash since November 2021 and waved off every “bottom is in” hype throughout the whole year. We had many of those calls: the bottom was in at 50K, the bottom was in at 40K, the bottom was in at 30K, the bottom was in at 20K. ALL OF THOSE TIMES, I said the bottom was NOT in. The exception came in June, where I started to become uncertain and gave you a call for a first buy in, that’s where we bought Quant (QNT) at around $50 - for paid subscribers, which happened to be the lowest possible point to buy that project at that price. Right now it’s we already have a 140% profit on that bag. Right now, I’m pretty confident to say that the worst is over and 2023 would likely be a better year for crypto than 2022. Why? Let’s have a look:
Dollar Index Topped Out
Back in April 2021, when the Dollar Index (DXY) was still around 98, I posted on my Tradingview Account that the DXY would go parabolic towards the macro resistance zone (see chart), that’s also exactly where the DXY peaked - 5 months later - in September 2022. As you can see it pretty much topped where my arrow ends :) …
DXY Dropped -8.79% Since September
As you can see in the chart above, the parabolic curve of the DXY has broken and the USD bull run - that we profited heavily from given we were 100% in USD since November, remember? - is now over.
So why has the dollar peaked and what does it mean for the market? Simply put, the DXY rallied strongly because of the interest rate hikes of the Federal Reserve (Fed). When the interest rates go up, borrowing money is more expensive, thus the USD gains in value - and vice versa. Powell (Fed boards chairman) just said this week that the Fed would slow down rate hikes (50 bps in December) and we can expect that the Fed would likely stay between 4.5 and 6% in 2023. We are currently already at 4% and at 4.5% in two weeks, so that means next year we’ll only have a 1 to 1.5% hike. Given we hiked from 0 to 4.5% in 2022, that’s a massive difference and a massive slowdown.
So in conclusion: when the Dollar drops, other currencies, stocks, crypto or commodities will gains strength against the Dollar. Almost 60% of the DXY basket is EUR-USD, and thus expect the Euro to gain more against the USD in 2023. This also favours crypto as Bitcoin moves with the Euro or against a dropping DXY.
US10Y Dropped -19%!
Another hugely important chart are the long term US bonds yields - I prefer to look at the US10Y - the 10 year yield on US treasury bonds. I do not believe the US10Y has peaked, simply because the Fed will still hike interest rates. Therefore I expect the US10Y to climb back up from the channel support it is at right now. This would mean the overall market (S&P 500 and the Nasdaq) are ripe for a correction to the downside. We could see the peak in the US10Y next year between roughly - as said - 4.5 and 5.5%.
This chart is important because US treasuries basically offer risk free returns. If the yield (return) is high, they are more interesting for fund managers to allocate their capital in bonds then when the yield is low - like we have seen in the years before 2022, where risk on assets, like stocks, crypto, forex and commodities were more interesting for them. Yields high, risk off, yields low or dropping, risk on. Easy, right?
US CPI Is Heading Down
Lastly, the most important factor is inflation. Inflation has been way too high across the globe and that’s also why the central banks raise interest rates and take liquidity (money) out of the markets - this is also the reason why the markets drop. In November we saw a US CPI of 7.7% which was below the 7.9% estimate. This is a good sign, but doesn’t mean a definite turn. The Federal Reserve will need to keep interest rates elevated for a longer time in order to bring inflation back down, yet if we look at how CPI behaves on the chart above, it usually collapses when the Fed has tightened enough. Right now, we are looking for the US CPI to get below 5% y/y in 2023, in essence we want to see the US CPI below the current interest rate - this is where we can be more certain inflation is under control.
In crypto we have seen so much FUD, everyone is screaming everything to zero - as if crypto serves no relevance and it was all a bubble. We know better and as I said in my last update, I reminded everyone to stay calm and wait for the US CPI in December, which I expect to come in lower than 7.7%. Yes, a lot of projects are worthless but there are definitely a few Apples and Amazon’s in crypto with amazing potential, that’s why I started the 10x Club!