It was The Brothers Karamazov after all
4 min read

It was The Brothers Karamazov after all

Cryptic ball: because it's the final novel.

Hello, dear readers! First and foremost, my thoughts are with the Ukrainian people, currently facing uncertain and very tough times. Due to crypto, I've made several friends from this great country over the past years, and I've heard first-hand reports on how dire the sad situation is. Secondly, it's good to see that Tuesday's newsletter is still relevant today. What did I tell you then?

That it was all about the Kremlin and, regretfully, that the moment war breaks out tends to coincide with a market bottom, as fear peaks. That's what happened yesterday night and today, both in Europe and in the US. As anticipated, the Nasdaq is bouncing hard and it seems the S&P 500 will hopefully follow, after both faced lower lows, the first time we saw such a bearish omen since March 2020.

Crude oil popped, but seems to be topping and bitcoin has been nicely resilient in face of the stonks bashing. The original cryptoasset is trying to reclaim $36k and, if it succeeds, it would be a strong sign of support here. As the West moves to sanction Russia with more conviction (its stock market fell almost 50% today), markets may find more confidence and this record level of fear will likely fade.

For now, we may still have some days of volatility and I'm not calling a bottom here except for those scalping. If you're swing trading and feel like this is the time to get back in the game, remember you can phase your entries instead of going all in at once. One thing is clear, Putin's end game will result in a trap for Russia and that will be good for global markets. The question is when will that be obvious.

Chart art: because the bots kick in.

Do you see how aggressive was that spike? And it was not in BTC volume, but in most assets. Meanwhile, if you're trading crypto, look out for alts that are outperforming bitcoin, like Luna.

Three things: because it's not what your country can do for you.

Tweet tip: because it's not easy.

Do you know how to escape falling knives? If not, then don't trade. Meanwhile, note that the market now believes will not hike so aggressively in March.

Meme moment: because it's no good day to meme.

The U.S. Embassy tweeted this after Putin's speech about Kyiv's integral position in Russian history.

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Our newsletter offers opinions and insights from analysts in the cryptoasset space. It is not intended to be investment advice, and should not be treated as such. You must not rely on its information as an alternative to financial advice from a qualified professional. Without prejudice, we do not undertake or guarantee that its information is correct, complete or non-misleading; or that the use of guidance in the report will lead to any particular outcome or result.