Dear Traders,
Welcome back to another weekly market update, in this newsletter I just wanted to cover some analysis for both ETH and BTC and just generally the market…
Stay HEDGED, for now, I have been saying for the past 3 weeks that I was continuing to hedge further and further and lock in profits, with the most recent news of the CEO of Bitmex, Arthur Hayes being investigated with federal offenses such as money laundering and other crimes. This is pretty serious with Bitmex being probably one of the biggest and most liquid exchanges in the world…
While at the moment it may not look so bad, this could rattle the space for a while. I would personally stay hedged and not buy the current dips. Let’s see what happens.
While price does not need to dump on this news, I just wanted to write this newsletter just so that everyone is aware of what is happening, and everyone knows the news.