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INTERVIEW: RNR_0
Romano details his battles with impulse control as an aggressive young trader, the basics of delta-neutral strategies and how he turned $300 into $100k in a single day in 2019.
JIM TALBOT: ONE MORE SQUEEZE?
I'm not convinced the high is in, but if we get another leg up, I think it would be a great area to bet on a short.
As previously mentioned in the last couple of weeks' newsletters, $21,200- $21,500 proved resistance as expected. However, the reaction at the highs wasn’t very reactionary from sellers.
I would say it's more corrective than reversal.
Structurally, I would say it's more corrective than reversal. The flows would suggest the same as OI has been declining, suggesting longs taking profit. Weak selling with diagonal untapped highs is more susceptible to a squeeze. Especially going into a new week where liquidity is often sourced early on.
Levels for the week ahead:
BTC levels $19,920 - $21,920.
Longs and shorts at these levels should provide solid expected value. There’s also potential for either longs or shorts at $21,070, our short-term pivot, depending on the reaction.
-Jim
CBS: INVESTING IN COMMUNITIES
Communities underpin many projects, we’ve seen it from crypto coins in general, but perhaps more significantly we see it with NFT projects.
Communities are incredibly important. People who flock together under the banner of their PFP, perhaps looking for friendship, a place to spend time with those of similar interests or even networking and seeking future professional opportunities.
NFT communities are some of the strongest that we’ve ever seen in this space and one thought process involves investing in those communities that have held the strongest (and produced some of the best content) during the bear market.
There are a few projects that I think do a particularly good job of nurturing and harnessing the power of their community.
Pudgy Penguins - One of the original “blow up” projects. Pengs have had their fair share of ups and downs in this market, but one thing is for certain, you haven’t been able to split up The Huddle. Memes, good vibes, events, lead by Luca Netz the project boasts one of the strongest and most active communities in the space.
Chubbicorns/Chubbiverse - Recently achieving over 1 billion GIF uses Chubbiverse flies under the radar for most people. Despite Pengs amazing content production, no one touches Chubbiverse as the cream of the crop in terms of community content.
Azuki - Another project (spot the theme) that’s had its ups and downs during the past 12 months. But the Azuki community continues to grow and strengthen. With some of the coolest real-world events that we’ve seen for theming and a global audience with ambitious plans for fashion, Azuki shakes off its past and continues to march forward.
Kanpai Pandas - A more recent project, but boy are they making up for lost time. Members have had access to huge sporting events, poker nights and much more. I don’t think I’ve seen a community push out higher-tier rewards than Pandas. If you like sports and want a lower-cost entry opportunity to win some amazing opportunities, this is a no-brainer.
CloneX - Double the “standard” PFP collection supply, but all that seems to have done is create an even larger community of passionate collectors. Partnerships, airdrops, community events, CloneX have been one of the best collections and communities to be a part of from a financial perspective and I suspect it doesn’t come close to others.
I’d highly recommend looking for an online community to be a part of, to discuss projects, get alpha, and improve your social life, there are a huge number of benefits to finding a community that suits you. I’ve tried to cover projects with a range of price points through this piece in order to give you options depending on your budget.
-CBS