DOW JONES

After multiple attempts, the Dow Jones Index has finally closed above 35k levels on a weekly
timeframe. After the breakout, 5-6% upside can be seen in coming weeks.

GOLD

Gold has formed an inverse head and shoulder pattern which is a reversal pattern. Support of
$1750 level will play a vital role to predict the trend for coming weeks.

BITCOIN

Bitcoin managed to climb up into the bull’s territory as it trades above the trendline. Moreover
Bitcoin broke the resistance of $41273 which indicates the trend reversal from here.

ETHEREUM

After the EIP-1559 upgrade last week, Ether has gained more strength. Ether gained 18% in one
week compared to bitcoin gaining 5.6% in the same time period. The bullish momentum is
expected to continue.

In conclusion…

The Stock market has given a bullish signal and the market is not looking at profit booking at this
stage, 5-6% upside is expected in coming weeks. As the stock markets look bullish, money is
flowing to stocks from gold and hence we see weakness in gold.
Bitcoin and the crypto markets are showing strong signs of reversals. Ether the king of the Alt coins
is clearly leading the pact outperforming Bitcoin in the past week.

The short term weekly trend for Crypto markets looks Bullish. Below are the highlights of the
week

● GoldenTree adds Bitcoin to its balance sheet
● Wells Fargo started offering crypto exposure to wealthy clients
● Senator Toomey preps ‘amendment to fix’ crypto tax language in bipartisan infrastructure
bill.
● SEC’s Gensler signals pathway for a Bitcoin ETF with tough rules
● EIP-1559 went live, nearly $16million worth Ether has been burned since EIP-1559
upgrade

UNI, LUNA, FTT and FIL appear strong against Bitcoin. As mentioned in our previous weekly
report, DOT and VET gained 18% and 15% in the past week compared to Bitcoin gaining 5.6% in
the same time period.

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Crypto assets.
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DOW JONES

The Dow Jones Index is facing a lot of pressure around 35k levels. Weekly close above 35k
should indicate the continuation of uptrend else we would see some profit booking in the coming
week.

GOLD

Gold is showing strength and is able to sustain above the trendline. Daily close above $1835 may lead to buying momentum.

BITCOIN

Though the volume cannot be seen but Weekly close above the trendline will get Bitcoin back into
the Bull’s territory. Rejection from the trendline should make Bitcoin weak in the short term.

ETHEREUM

Ethereum is appearing strong compared to Bitcoin, it is taking support and is trading above the
trendline. Altcoins should outperform Bitcoin as long as Ether trades above the trendline as shown
below.

In conclusion…

The Stock market may see profit booking from current levels in the coming weeks. Bitcoin and
Crypto markets saw a pullback rally. If the stock market stays stable, we can see crypto markets
continuing the rally.

The short term weekly trend for Crypto markets looks Bullish. Below are the highlights of the
week

● Grayscale funds are now available via wealthfront
● State street to offer crypto services to private fund clients
● Bank of America invests in PAXOS, a New york based blockchain firm
● Paypal’s crypto “super app” set to roll out soon, post which 350 million users can invest
in crypto.

LINK, DOT, ZIL and VET appear strong against Bitcoin. As mentioned in our previous weekly
report, Link gained 30% in the past week compared to Bitcoin gaining 20% in the same time
period.

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Crypto assets.
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Weekly Crypto Market Report

The Dow Jones Index faced rejection around 35k levels thrice. Weekly close above 35k should
indicate the continuation of uptrend else we would see some profit booking. There could be a
correction of 20-25% from current level.

GOLD

Falling channel pattern on RSI indicates Gold is in accumulation zone. Similar pattern can be
seen from the year 2010 to 2014, post which Gold formed a rounding bottom and resumed the
uptrend.

BITCOIN

RSI is one of the leading indicators and the breakout on RSI indicates the buying momentum to
continue in Bitcoin. As highlighted in the chart below, $41273 and $29247 are the Resistance and
Support levels to be watched.

ETHEREUM

Ethereum is appearing strong compared to Bitcoin, it took support and is trading above the
trendline. Altcoins from DEFI and NFT space should outperform Bitcoin in the coming week.

In conclusion…

The Stock market may see profit booking and correct 20-25% from current level in coming months. Bitcoin and Crypto markets should see a pullback rally. If stock markets correct, Crypto markets too shall correct.

The short term weekly trend for Crypto markets looks Bullish. Below are the highlights of the
week

● JPMorgan allows retail customers to buy crypto
● Ethereum 2.0 Devs introduce EIP-3675
● Elon Musk confirms Tesla and SpaceX owns Bitcoin
● Tesla may again start accepting Bitcoin as payment
● Amazon is looking to hire a digital currency lead

LINK, BAND, ENJIN and SANDBOX appear strong against Bitcoin.

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Weekly Crypto Market Report

The Dow Jones Index is facing rejection around 35k levels. Weekly close above 35k should
indicate the continuation of uptrend else we would see some profit booking. There could be a
correction of 20-25% from current level.

GOLD

Break above the resistance level of $1920 could lead to buying momentum and breach of $1750
could lead to further selling pressure. Gold appears in bear zone as it trades below the trendline

BITCOIN

Bitcoin is trading below the trendline and could test the 20-25k levels. Weekly close above the
$41300 level could turn the negative sentiments to positive.

ETHEREUM

Ethereum is appearing strong compared to Bitcoin, it is trading above the trendline. But Ethereum
too could see selling pressure if Bitcoin corrects from here.

In conclusion…

The Stock market may see profit booking and may correct 20-25% from current level. Bitcoin
should remain weak as it trades below the trendline and could see correction of 35%, Ether and
Altcoins could correct upto 50% from this level. Gold could correct the least compared to Stocks
and Cryptos.

The short term trend for Crypto markets looks bearish but the fundamentals are getting stronger.
Below are the highlights of the week

● BNY Mellon partners with Grayscale
● Bank of America approves Bitcoin trading futures
● Square will launch Bitcoin DeFi
● Fidelity will add 100 crypto employees
● Visa to approve BTC debit card in Australia

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Weekly Crypto Market Report

The Bulls took back control as Dow Jones broke out of the trendline. A close above 35,100
would ensure that continuation of the uptrend is intact.

GOLD

From the month of April, Gold started making lower lows. This could be a potential reversal from
the downtrend which will be confirmed once it breaks the lower high of $1920 as highlighted on
the chart.

BITCOIN

Bitcoin is taking support on this long term trendline. Daily close above $41300 could result in trend
reversal and close below $28989 could take Bitcoin towards 20-25K levels.

ETHEREUM

Ethereum is appearing strong against Bitcoin and may resume the uptrend this month. Ethereum is yet to break its previous high of 2017 bull run against Bitcoin.

In conclusion…

The Stock market is being dominated by bulls, Gold is able to sustain the current levels and the
early sign of trend reversal can be seen. Bitcoin is consolidating between 29 to 41k and breach of
these levels would confirm the further trend on the Bitcoin price chart. We expect revival in the
crypto markets and Alt coins gaining buying momentum.

Fundamentals getting stronger

Talking about adoption, Turkey’s crypto user base has grown more than 11 times over the last
year, a new survey from Turkish crypto exchange Paribu shows.

Visa also confirmed that over the past six months, cryptocurrency-linked card usage on the
payment network has surpassed the $1 billion mark.

Overall the cryptocurrency’s fundamentals just keep getting stronger and stronger and the
on-chain analysis indicates that someone is following the “Buy low, Sell high” Rule.

As price grinds sideways-bearish, Bitcoins are being scooped off the exchanges at a very bullish
rate. The latest sizing of withdrawals vs deposits are at local highs at levels that signal a bottom,
whales are scooping. Revival is imminent.

This shall be one of the best risk-reward to deploy fresh capital OR to add on to existing
positions in crypto markets.

As mentioned in our last report, the DEFI and NFT space outperformed the markets where SNX
and SAND gained 30% and 90% respectively within a week.

EOSUSD, TRXUSD and LINKUSD looks very attractive with respect to the risk:reward for the
coming week.

XMINT token by MintingM looks very attractive, It retested the support levels around $300 and is
consolidating between 300-450 levels

STF token – XMINT listed on Wazirx has consistently outperformed other financial assets and
delivered extraordinary returns for its investors.

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