Piper Academy Newsletter 04 Mar - 11 Mar 2024
Knowledge is Profit #KIP - Volume 4
ATTEN….TION!!!
Hello #alumni and welcome to the fourth official Piper Academy Newsletter! Once a week, on Monday, these will be published in our Discord server’s #academy-library channel for our members to access. None of this is financial advice. Always do your own research and we hope you find this entertaining and educational. Before reading the contents, please Subscribe so you can stay updated on all the weekly news.
Bitcoin halving countdown:
Campus Bulletin
Academy Analytics & Alerts: Piper Academy growth and updates
Live Stream Guests: F.D. White on Wednesday and AlexOCrypto on Friday
Psychology 101: Fear & Greed index and how it plays into the week ahead
Finance 101: Fundamental news for the week ahead
Memeology 101: Low-cap gem opportunity
TA 101: Technical Analysis for the week ahead plus a select project
Charting the Week Ahead: Economic events in the coming week
Academic Advantages: Ongoing promotions and sponsorship opportunities
Academy Analytics & Alerts
Views, watch time and subscribers still on the rise as put our foot on the gas, giving you guys yet another weekly event: Crux’s Curriculum! The first video, on Kaspa, has received a great amount of feedback and over 2.3k views in less than 3 days! If you have not watched it already, we encourage you to check it out! It’s a great watch. Stay tuned for next week’s video on Cardano, another project our community seems to treasure.
2025 Ethereum Price Prediction Video is still in the works. Coordinating with your favorite content creators to bring you another viral video is part of near future. Take the time to create your own metrics and standard so you can compare it with our analysts.
Live Stream Guests
Trade Intuition will be a Special Guest this upcoming Wednesday, March 6.
Blockchain Crusader will be a Special Guest this upcoming Friday, March 8.
Psychology 101
The Crypto Fear and Greed Index evaluates the prevailing sentiment in the market, incorporating psychological aspects. For instance, a Fear atmosphere can prompt investors to hastily sell off their cryptocurrency holdings, presenting a potential opportunity for buying. Conversely, periods of Greed may lead to imprudent investment choices, suggesting an imminent market downturn. Consulting the index to gauge the current psychological state offers a strategic approach to circumvent typical mistakes and forge investment choices that are sustainable over time.
These are the factors that play into the Crypto Fear and Greed Index: current volatility, momentum/volume of the market, social media posts, surveys, Bitcoin dominance, and Google trends.
Going into Extreme Greed on the Fear and Greed index is a sign that you should be taking profits. Typically, you want to be doing ‘bulk’ buys anywhere from 10-30 on this index and taking profits at >70. This has been a proven method overtime if you are looking to sell high and buy low. Dollar cost averaging can also be paired along while you create your own strategy on how to capitalize off the psychology of markets. The caveat to this is, we have not received a massive $BTC pullback this year and are LONG overdue for one. We wouldn’t be surprised if we stay in extreme greed longer than we ever have due to this unforeseen circumstance.
In trading and investing, fear and greed dictate our actions. As Warren Buffett advises, 'Be fearful when others are greedy, and greedy when others are fearful.' This descriptively captures the essence of market psychology: the need for disciplined, rational decision-making amidst emotional extremes. Success lies in navigating these fluctuations with a steady hand, resisting greed during euphoria and summoning courage during downturns. Mastering this balance is key to sustainable growth and wealth in finance.
Finance 101
Many valuable stocks are reporting their earnings this week. Earning calls are typically some of the most volatile times within a stock’s price action. Oftentimes, stocks with a high marketcap like Google, Amazon or Meta, can especially manipulate the prices so pay special attention to those!
Cipher mining and Bitfarms both report their earnings this week which could add to price volatility. The week, the stock market may not be too volatile due to no market moving companies reporting the earnings.
Usually, when bank stocks prices are declining, citizens are putting their money elsewhere, such as traditional stocks and real-estate. Check out the performance of these regional banks this year:
Memeology 101 - NOT FINANCIAL ADVICE
$TRUMP has no affiliation to Donald Trump but this coin has done a 155x in under a year and is quickly taking everyone’s social media feed over by storm! This could very well be the first time we see a cryptocurrency that is used to directly fund or help a politician gain office. There can be MANY catalysts that could allow the coin to continue to pump, especially if Trump himself endorses it.
Whether you like Donald J. Trump or not, it’s clear that he is beginning to look natural and might even gravitate more towards digital currencies. He has been clear on the U.S. Dollar being his number one choice however, this doesn’t mean he will disregard crypto. It is clear that crypto is making a stand on who it chooses to be their leader going into the next Presidential cycle. Will he repay the favor and acknowledge this community or will is it another pump and dump? Personally, we believe there is still room to go as many tokens with much less hype and utility have made it into the top 100 without the catalysts this token has. We talked about this token back in January of this year and full disclaimer, none of our team is currently invested. We’re kicking ourselves for missing this one.
TA 101
Due to a family emergency, we will not provide TA in this volume. Sorry for the inconvenience.
Charting the Week Ahead
ISM Non-Manufacturing PMI data - Tuesday
Fed Chair Powell Testifies - Wednesday and Thursday
JOLTs Jobs data - Wednesday
February Jobs Report - Friday
Total of 6 Fed speaker events this week
On Tuesday, ISM Non-Manufacturing PMI data is released. In January 2024, the US ISM Services PMI rose to 53.4 from 50.5, surpassing expectations of 52. This marked the most robust growth in the service sector in four months, fueled by increases in new orders, employment, and supplier deliveries. Order backlogs improved, business activity remained stable, and price pressures escalated. Services firms remain optimistic about the economy, influenced by potential interest rate cuts, yet wary of inflation and geopolitical issues, according to Anthony Nieves, Chair of the ISM Services Business Survey Committee.
On Wednesday, JOLTs job data is released. In December 2023, US job openings rose by 101,000 to 9.026 million, surpassing expectations and hitting a three-month high. Gains were notable in professional and business services, while wholesale trade saw a decline. Regionally, openings increased in the South and Northeast but decreased in the Midwest and West.
On Wednesday and Thursday, Fed Chair Powell Testifies which usually makes markets volatile. The US benchmark interest rate remains at 5.50%. Fed officials believe it's at its peak for this cycle, reluctant to lower it until confident inflation is nearing 2%, per the January FOMC minutes. They acknowledge uncertainties in maintaining tight monetary policy, with a few warnings against prolonged restrictions. Future rate adjustments will hinge on new data and risk assessments, maintaining the current 5.25%-5.5% rate, a 23-year high, for the fourth straight meeting in January 2024.
On Friday, U.S. Unemployment Rate data is released. In January 2024, the US unemployment rate remained at 3.7%, slightly below the expected 3.8%, and unchanged from December. The participation rate stayed at 62.5%, the lowest since February 2023. Unemployment fell by 144,000 to 6.12 million, while employment decreased by 31,000 to 161.15 million.
Fed speakers can sway markets because their statements provide hints about future monetary policies, like interest rate changes. Investors listen closely to adjust their strategies, leading to immediate reactions in stock, bond, and currency prices based on the anticipated economic impact of these policies.
Academic Advantages
Chart Prime: 45% off first monthly or quarterly subscription and over 20 hours per month of live education. https://chartprime.com/piper1
Decrypted.Tax: Use the following link for a free consultation and 25% off tax compliance and consulting for personal and business taxes. https://decrypted.tax/piper
Legendary Aviation Coffee Company: 10% off premium coffee with the highest quality coffee beans from around the world. https://legendaryaviationcoffee.com Code: Armypiper10 at checkout
1 month Chart Prime giveaway on March 8th for Members! https://x.com/PiperAcademy/status/1756014512807833695?s=20
