The Trader Top 9: Mixed Signals, TikTok Dogecoin, and Ethereum

Welcome back to the Trader Top 9. It is a wild and confusing week out there, so let’s dive in.

9. First, there are some pretty mixed market signals going on. Some think it’s mania - and others point to continued issues around jobs

undefined

undefined

8. Speaking of market signals, here are some stats suggesting creeping inflation

undefined

7. Bitcoin is also experiencing some mixed signals. On the one hand, we’re seeing low volatility and still pretty anemic search sentiment.

undefined

undefined

undefined

6. On the other, some of the FinTwit big fish are looking for a breakout

undefined

5. Which way it goes might be in part shaped by a question we perhaps don’t ask enough: how BTC performs in the context of FX volatility?

undefined

4. Still, a lot of the focus right now is in the Ethereum and DeFi space

undefined

3. This absurd move by Doge - sparked by TikTok! - up 35% in price and 2000% in volatility - isn’t the alt season that people were expecting, but is wild nonetheless.

undefined

2. One much more real signal is growth in Chinese stocks and the potential implications for crypto activity.

undefined

undefined

1. Whatever the case, and whether we’re poised for an Ethereum rally, a Bitcoin breakout, or something else entirely, this anecdote about not trading with emotion is timeless.

undefined

Want to Trade for Free?

Exchange Logos

Cove Markets is offering a $10,000 promotion during October 2020. When placed through CoveTrader, exchange trading fees will be reimbursed up to $100 per user, payable in bitcoin. Users must generate a minimum of $5 in fees to participate. More info

Get Started

Get the latest crypto news & analysis