Crypto is Easy: Insights for Profitable Investors
Crypto is Easy: Insights for Profitable Investors
Weekly Rundown - February 26, 2023

Weekly Rundown - February 26, 2023

Only two realistic scenarios

Здраво Zdravo!

This week, bitcoin’s price reached a confluence of “technical resistance” levels. That’s bearish. I sense a lot of people are getting antsy.

“I’ll buy at $8k” already turned into “I’ll buy at $14k.” How long until it turns into “I’ll buy at $20k?”

There are only two realistic scenarios for the market and if you’re following my plan, you’re doing the same thing no matter which way the market goes. I’ve talked about this for a while, most recently in my market update from February 21, 2023.

Crypto is Easy: Insights for Profitable Investors
Market Update - February 21, 2023
Bitcoin’s price is kissing the fabled 200-week moving average, arguably the most important price level in its history. What will happen next? Big zoom or big crash? (Altcoins will go whichever way bitcoin goes.) Today’s update looks beyond that. As a continuation of the…
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I’ll have more on that and some interesting observations in another update this week. Before then, make sure you got the February monthly issue.

Get the February Monthly Issue

Scroll down for a poll, video, articles, meme, and job listings.

For Tealfeed readers, I added an option to connect directly with me. Take a look at my options on the Tealfeed “Connect” Dashboard.

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The Bitcoin Chart Nobody is Watching (Except You, Now)

People love data models, fractals, and projections. I do, too! Fun food for thought. You may even like my U2R model.

See My U2R Model

Alessio Rastani talked to two of his YouTube trader friends about some charting relationships and potential price targets for bitcoin.

If you like that kind of content, watch this video. Note, this is not an endorsement of any product, service, or class.

Why Coinbase Launched an L2

After beating revenue projections by 10%, Coinbase announced its own smart contract platform, Base.

Builders gonna build.

I don’t know what this means for crypto. We have a lot of smart contract platforms already!

Web3 Academy highlighted the rationale and implications in its most recent issue. Read their take!

Web3 Academy
Why Coinbase Launched an L2
GM DOers! We’re back again with your weekly fix of legitimate information that keeps you away from FADS! What a week… I know, we keep saying that on every Rollup. But this week was actually a big week. In fact JayBird used the word supercalifragilisticexpialidocious to emphasize what a weak we’ve had in web3…
Read more

Generally speaking, I support Coinbase’s vision. We need something like AOL for crypto, and Coinbase wants to deliver a similar experience.

A lot of things have to go right though, as Coinbase already knows. Let’s hope everything works out for all of us!

IMF lays out crypto action plan

The International Monetary Fund, a nongovernmental organization that helps countries run their financial systems and serves as the world’s lender of last resort, published a report, Elements of Effective Policies for Crypto Assets.

Bottom line

IMF acknowledges that it has no standards for how to define, classify, regulate, and assess risks related to cryptocurrencies. Its nine-point framework proposes ways for IMF’s members to, in their words, “effectively mitigate the risks posed by these assets while also harnessing the potential benefits of technological innovation.”

My take

They get it. They acknowledge how quickly crypto technology is evolving, how poorly governments have adapted to its usage, and how significantly it will change modern finance and the way that money moves from one country to another. They worry about what it will mean for their members.

Sounds like responsible, proactive leadership—an urgency that all governments should feel (but too many don’t).

Whether the framework is actionable or workable?

Until somebody actually does the things IMF proposes, we can only guess. I found the report informative, perceptive, and well thought out. IMF directors ain’t no dummies, even if your favorite bitcoiner says they’re evil.

Institutions like the IMF have only their authority and credibility to bank on (pun intended). They’re modern-day versions of the priests I mentioned in the January monthly issue—so stuck in their ways that they can’t see any alternative to what they already know, but aware that they will lose their authority and credibility if crypto can serve people’s needs better than they can.

At least they’re trying to do something constructive.

Though it is interesting to note that nowhere in their report does it say anything about you, your needs, or your welfare . . .

Why we care

IMF directors agree that crypto will grow. They pointed out legitimate risks and put forward a plan to head off those risks. Let’s not read anything more into it. Some of their suggestions might not be so bad.

Read the Report


Jobs Corner

These jobs come from the ToolsForCrypto newsletter. If you’d like to post a vacancy here (for free), email

Relax and enjoy the ride!

Crypto is Easy: Insights for Profitable Investors
Crypto is Easy: Insights for Profitable Investors
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