🤑 Just in: "BTC Dominance Down = Altcoins UP"

🗞 Market commentary.

GM, we survived again.

Is the chop taking a toll on you? Then, it’s best to remember how the past few weeks have gone. The bottom of the range feels like absolute doom, and the pumps afterward feel like the up-only trend is about to resume. Meanwhile, nothing significant has happened: the $58K area is still the low until proven otherwise.

Fortunately, for those of us who don’t want to trade the chop, we’ve got great info coming up on DeFi Saver below, which I’ll personally be using to ease my DCA (Dollar Cost Averaging) strategy and boost my staked ETH yield.

Furthermore, we're seeing the first solid signs of Bitcoin's dominance weakening in its uptrend. I’ll be watching this chart a lot these days and would recommend it to you. This BTC dominance run has been ongoing since January 2023. Inverting it will have such an impact on the altcoin market that it cannot be underestimated. Lastly, take a look at this TOTAL3 chart prediction. Confluence?

📊 Luke’s Chart of the Day

PEPE/USDT 1D Binance Log Chart

Great setup here, using crypto-specific settings on the Ichimoku Cloud. Ichimoku is an old Japanese rice trader’s trend trading strategy. When the price is above the cloud, the cloud is flipped green, and the fast-moving Tenkan (blue line) crosses above the slower Kijun (red line), that’s about the best entry signal you can get. 

If you want confirmation, wait for the daily to close with the blue line above the red line. Check out the $AR/USDT daily chart. It’s basically the same right now—confirmation is already in there. I’m long that, too.

NFA as per usual, please always do your own research.

Come by the Lucky Luke Discord channel for comments, to roast my picks or to pump your own bags. All banter is welcome any time!

🔥 Degen corner.

Automatically DCA through summer with DeFi Saver

If we’re looking at a really choppy summer, it’s wise to save brain cells and enjoy touching grass while your allocations get dollar-cost averaged automatically.

DeFi Saver aims to solve DeFi's biggest hurdle: ease of use. Developed during the bear market, this project built an all-in-one DeFi management tool, which you can use to navigate all your favorite DeFi apps and automate the yield portfolio.

So, how to DCA automatically while we enjoy holidays?

As easy as 123! Honestly, we need more of these automation and aggregation apps in DeFi.

👀 DeFi insights.

The important bits.

• Elixir (Orderbook liquidity) - Surpassed $1 billion in volume - read

• AIOZ (DePIN, L1, AI) - Eternal AI is now integrated with AIOZ - read

• Ethena (DeFi) - Releases 2024 “The Holy Grail” Roadmap - read

• Friend Tech (SocialFi) - New fee structure is out - read

• GMX (DEX) - Announces Solana deployment - read

• Lyra (DeFi) - Reveals LDX airdrop details - read

• Maker DAO (DeFi) - Announces new SubDAO details - read

• Clone (Cloned-assets) - Introduces JUP points promotion - read

• API3 (Oracles) - Oracle Stack now available on Merlin - read

• PUPS (Runes) - Updates on PUPS runes release progress - read

• IntentX (Intent-based DEX) - Ming 4th NFT to receive the INTX airdrop - read

📰 DeFi news.

Even more important bits.

• Japan: Metaplanet Loads Up $1.2 Million Worth Bitcoin - read

• Eigen Layer airdrop coming up tomorrow - read

• ChatGPT to announce Google search competitor - read

• Kraken fires back at SEC over unregistered securities - read

• Robinhood CEO: “Americans should be able to access crypto” - read

• Apple mentioned Render’s Octane software causes RNDR to pump - read

• Franklin Templeton's research paper on Base Season - read

• Jack Dorsey sees Bitcoin price at $1M by 2030 - read

• DCG reports a 51% revenue increase, despite GBTC outflows - read

• AI coins see very positive momentum on LunarCrush - read

🫠 ICYMI.

Life gets busy so here’s what you’ve missed.

From Vacation Idea to Game Changer: DeFi Saver’s Journey

Founder series

In this episode of the blocmates podcast, Jedi is joined by Nenad Palinkasevic, Co-founder of DeFi Saver. Nenade provides insights on the importance of thinking long-term and keeping a keen eye on security and user-friendliness.

Tune in on Spotify | YouTube →

🦍 And finally…

Finally, I was just checking out how Ordinals fare, and I can’t shake the feeling that the bottom is very, very close. PUPS, the official non-official token of Bitcoin Puppets, is experiencing capitulations as we speak, and Bitcoin Puppets are down 40% over the course of just two weeks.

I surely won’t give you any financial advice as this is just my personal opinion, but yes, I will be bidding…

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