On The Pulse - Edition #014
Welcome to On The Pulse, with Maui.

Hey everyone, welcome back to this week's edition of 'On The Pulse.' Thanks as ever to all who have subscribed and are reading this via email. If you're currently browsing, please consider subscribing! If you find today's newsletter valuable, please recommend it to a friend and feel free to suggest topics or ask questions on my Twitter @jordymaui.

On our 13th issue of the FREE OTP Newsletter i’ll be teaching you about what Layer Twos are, diving into my thoughts on the markets & going into this weeks major headlines such as Coinbase beating the SEC & Doodles new announcement! Get going, it’s all below.

🎓 Lesson of the Week: Understanding Market Cycles

Market cycles are like the seasons of the crypto world, each with its unique characteristics and patterns. Let's break it down and use seasons to explain:

🔄 The Four Seasons of Market Cycles:

1. Spring (Accumulation): Imagine the crypto market is a garden in the spring. Prices are low, just like the seeds waiting to sprout. Smart investors are quietly picking up bargains, like gardeners planting seeds during a clearance sale (stick with me here).

2. Summer (Expansion): As summer arrives, the garden bursts into life. Prices rise quickly, and everyone's feeling optimistic, similar to the excitement of a summer vacation. It's like watching flowers bloom and thrive under the sun - but its your crypto investments.

3. Autumn (Distribution): The garden's in full bloom, but there's a hint of chill in the air. Prices reach their peak, but underneath the surface, there's a sense of caution, like the anticipation before a big storm. It's like the garden party's winding down, and guests start leaving quietly.

4. Winter (Decline): The chill sets in as winter approaches. Flowers start to wither, and the garden quiets down. Fear takes over, and panic selling ensues, like people rushing to get home before a blizzard hits. It's like watching the garden go into hibernation, waiting for the warmth of spring to return.
   
   These cycles usually last around 2-4 years at a time and are known as ‘Bull’ Markets & ‘Bear’ Markets. Bull Markets are spring-summer and Bear Markets are autumn-winer.

📉 Reading the Weather:

Just as you'd check the weather forecast before planning a picnic, keeping an eye on market sentiment indicators can help you anticipate changes in the crypto market. Pay attention to fear and greed indexes, social media chatter, and trading volumes to gauge where we are in the cycle. Twitter is certainly my channel of choice and helps me stay in the know best.

💡 Surviving the Storm:

Navigating market cycles is like sailing through rough seas. Stay steady, stick to your long-term plan, and don't let FOMO push you into making rash decisions. Diversifying your portfolio is like having a sturdy ship with multiple sails – it helps you weather the storm. As you’ll read later in this newsletter, I’ve been investing in various coins with different targets.

🔍 Example Case Study: Bitcoin's Rollercoaster Ride:

Bitcoin's journey through market cycles is like a rollercoaster ride, with ups and downs that can make your stomach churn. By studying past cycles, you can brace yourself for the twists and turns ahead and enjoy the ride with confidence.

In a nutshell, understanding market cycles is like knowing when to bring an umbrella or sunscreen – it helps you prepare for whatever the crypto weather throws at you. So, grab your coat, pack your sunscreen, and get ready for the ride! As I explained earlier, they come in Bull & Bear cycles - right now, we’re in a bull market which means being prepared for upside to come.

Major Headlines: "The Weekly Roundup"

This week the headlines are focused on Coinbase and their lawsuits with the SEC, Doodles & Metamasks new announcements & news on the ETH ETF!

🇭🇰 Hong Kong Greenlights BTC and ETH ETFs:

In a significant move, Hong Kong grants initial approval for spot Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs). This regulatory milestone opens new avenues for crypto investment in the region and reflects growing acceptance of digital assets. Explore the details of this groundbreaking development here!

🚀 Bitcoin Halving - Expected this week:

The BTC Halving is fast approaching and scheduled to take place between the 19th and 20th of April. The Halving has several implications on both the technology and price action of Bitcoin and you can learn all about it by reading this handy article here.

🔎 Solana rolls out congestion fixes:

Solana, the blockchain network known for its high throughput, has rolled out a crucial update aimed at addressing network congestion issues. This development comes in response to recent challenges faced by the network due to increased activity and demand. Explore the details of Solana's latest update and how it aims to enhance the network's scalability and performance, ensuring smoother operations for users and developers alike. Read more here.

Maui’s Weekly Analysis of Charts

Dive into the pulse of the crypto market with me for a quick overview. If there are elements you don’t understand here, don’t worry – feel free to ask me questions on Twitter. Interested in a specific chart analysis? Let me know! I’ll also be holding weekly polls based on your suggestions. Anyway, here are this week’s charts:

₿ BTC (Bitcoin):

• Recent Price Action: Over the last 7 Days, $BTC is down 8% after a flush around the board, holding its $60,000 support (currently).

• Weekly Forecast: After news broke out of conflict in the middle east, Crypto was drawn down and BTC hit as low as $59,000 - since then we’ve held support above $60,000 and await a big move either way.
  
  Market Cycles usually repeat themselves and it seems the pre-halving flush finally came despite it being caused by news of conflicts. For me, i’m hoping that BTC can remain strong at this level of support and reclaim the mid-range above $69,000 again to continue the consolidation phase to fuel a parabolic move upwards.

♦ ETH (Ethereum):

• Over the past 7 days, Ethereum is down a huge 12% reaching lows of $2,800 but bouncing back to the $3,000 areas.

• Weekly Forecast: With BTC domination the highest in 3 years, Ethereum and other altcoins have taken huge hits despite the positive news of an ETH ETF coming through Hong Kong.

Last week, ETH looked primed and ready to burst - unfortunately - it burst downwards and wicked to even lower support levels of $2,800. For me, I think it all depends on the overall market reaction for where we head next. I’d like to think ETH at these prices is a bargain, however and will continue to accumulate what I can here.

Bitcoin Dominance (BTC.D) reaches highs not seen in 3 years and breaks out of its forever range and hits 57% this past week. From here, we’ve seen a retest of the breakout and what is likely to be continuation while the BTC halving narrative remains the headline. Parabolic move up could be soon.

As always, i’ll mention this: BTC.D up = Money is in Bitcoin, alts bleed or stay stagnant. BTC.D down = Money flowing into alternative coins & bitcoin ranges or bleeds out.

Now, let’s give an update on the altcoins we’re still looking at each week.

This week - we’ve hit price targets for buying areas and have been able to capitulate on purchasing more at lower prices ready to aim for our profit areas with the next leg up!

/ AVAX (next height target of $70, buying more/bids at $34 or lower.)
Currently at $34 during the major flush out - buying more here as we hit our buy targets!

/ SOLANA (next height target of $200, buying more/bids at $115 or lower.)
In a crazy surge down to $115 - i’m changing my lowest bids from $105 to here. I think that bounce could well be the lowest we go for $SOL.

/ INJ (next height target of $54, buying more/bids at $32 or lower.)
For anyone who managed to get $INJ bids at $20 - congrats to you! Hovering at around $25 - i’ll be continuing to purchase INJ at these levels.

/ SEI (next height target of $1.30, buying more/bids at $0.63 or lower.)
SEI continues to bleed and is currently at $0.50 - continuing to add more.

/ MAVIA (next height target of $12, buying more/bids at $4 or lower.)
We got our bids hit as MAVIA moves down to $3.

/ RNDR (next height target of $12, buying more/bids at $6 or lower.)
Wicked to $6, bought more and currently hovering at $8.

/ LINK (next height target of $24, buying more/bids at $17 or lower.)
Currently sitting at $14, down on bids but accumulating more.

/ MATIC (next height target of $1.50, buying more/bids at $0.98 or lower.)
Holding at $0.75 right now, down on bids still but hoping for support to hold.

/ NEAR (next height target of $10, buying more/bids at $3.50 or lower.)
NEAR is still holding at $5.50 and has yet to hit any bids lower than $3.50.

/ TIA (next height target of $24, buying more/bids at $13 lower.)
Added more at $9 after a strong bounce, currently holding at $11.

/ FET (aiming for ATH of around $4+, buying more here at $2.60 bounce)
Bids hit at $2 during the crash and remain at new entries while price holds.

/ TAO (aiming for ATH of $850+ and bought at the $528 support region.)
From hitting just shy of $800 to slamming back down to our bidding area. Currently hovering at around $500 and aiming for our targets still.

/ WIF (aiming for ATH above $10 and bought at the $3.70 areas)
Held surprisingly strong and currently at $2.60 - bids hit during the flush.

/ APT (aiming for $30+ and accumulating here at the $14-$15 range)
Continued to bleed below $10 as it currently sits at $9.30 - sticking to earlier buys despite underwater (not adding more).

If you would like me to take a look at any specific charts or go deeper into anything, please feel free to reach out to me on twitter or email!

📰 The Summary: From Crypto Trends to NFT Buzz

Each week, we will end the newsletter with a really brief TLDR (Too Long, Didn’t Read) assessment of what’s been going on this week across Crypto and NFTs. I hope this section provides additional value for those who read!

Crypto:

• 📊 Market Trends: A bloody week as $60,000 support holds strong.

• 🎉 Hong Kong Approves BTC & ETH ETFs: Hong Kong officially accepted the trading of Bitcoin & Ethereum ETFs this week.

• 🛠 Solana Rolls out Updates: After the major congestion on Solana, updates have been rolled out to fix them - working great again.

• 📈 BTC Dominance highest in 3 years: After the major downside this past week, BTC Dominance is back surging with alts bleeding out.

• 💰 The BTC Halving Approaches: The BTC halving is predicted to happen around April 19th-20th and is fast approaching!

NFTs:

• 🙈 BAYC down 90% since peak: The Famous Bored Ape Yacht Club is down 90% since its peaks in 2021.

• 🇦🇪 Token2049 - Dubai Begins: The mass gathering in Dubai has began but be warned of the crazy storms! (i’ll be here.)

• 🚀 BASE leading new coin creations: Despite Solana fixes, most new coins are being created on BASE now.

• 👟 Adidas partner with Stepn: The two entities have come together to create physical merchandise & shows in a new partnership deal.

• 🔮 Runestones Predictions: Popular influencers such as ‘Ansem’ in the crypto world are calling Runes the next potential 100x.

And with that, we’re wrapped up for another week. If you have any suggestions for lesson of the week, please let me know! If you enjoyed this weeks newsletter, please feel free to support by following me on twitter @jordymaui

Until next time!