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Jay

FOMC Week Lock In The Volatility

Weekly Crypto Market Research and Trade Ideas 9/12 – 9/19 Summary: If Bitcoin reclaims $27,500, we would change our outlook from sideways consolidation to cautiously bullish. $25,000 has proven to be a solid level of support in the short term…

Can Bitcoin Breakthrough $30,000?

Pionex Research  05.08 – 05.15 Abstract Bank failures and Trade-Fi black swan events present short-term opportunities for cryptocurrencies. The long-term prospects of cryptocurrencies rely on strong economic fundamentals and purchasing power, and we need to see changes in liquidity in…

Notes From The Trading Desk #7

Pionex Trading Desk 4/24/2023 Thoughts After the ETH Shanghai upgrade, the options market on ETH has completely reversed itself. There is now a great demand for downside protection, as exemplified in the negative skew for both 25 and 5 delta…

Notes From The Trading Desk #6

Pionex Trading Desk 4/5/2023 Thoughts It is a tough time to make money, with BTC wedged in such a tight range and ETH showing a bit of outperformance in the past 2 days. Q2 might result in a quarter focused…

Bitcoin a Bright Spot in Chaos

Major event warning 3-30 Thursday ⭑⭑ Jobless claims ⭑⭑ US GDP ⭑⭑⭑ Treasury Secretary Yellen speaks ⭑⭑⭑ China Manufacturing and Non-Manufacturing PMI 3-31 Friday ⭑⭑ Fed William’s Speak ⭑⭑ Chicago PMI ⭑⭑⭑ EUR CPI inflation numbers (Mar) ⭑⭑ PCE inflation…

Notes from the Trading Desk #5

Pionex Trading Desk 3/20/2023 Events 3/22/2023 FOMC rate decision + Interest rate projections 2:00 Powell press conference 2:30 3/23/2023 Initial jobless claims 8:30  New home sales 10:00 3/24/2030 Durable goods orders 8:30 Fed Member Bullard speaks 9:30 services PMI (This…

Notes from the Trading Desk #4

Pionex Trading Desk 3/13/2023 News & Events An absolutely crazy week in the markets.  SVB and Signature bank took over by FDIC Fed, Treasury, and FDIC will cover all depositor’s money secured or unsecured in the banks taken over Fed…

Notes from the Trading Desk #3

Pionex Trading Desk 3/7/2023 Fundamentals Powell is speaking to House & Senate at 10 am EST today and tomorrow. He is expected to give further clarity on the economic conditions of the US and how rate hikes are working. This…

Volume down, direction imminent

Major event warning Previous ⭑⭑⭑ Silvergate discontinued SEN services which allowed institutions to move money to crypto exchanges 3-7 Tuesday ⭑⭑⭑ Fed Chairman Powell testifies to Senate 3-8 Wednesday ⭑⭑ Beige Book ⭑⭑⭑ Fed Chairman Powell testifies to House ⭑⭑⭑…