Weekly Crypto Report

December 05, 2021

Good morning/evening/night guys. As every Monday, find here your weekly dose on market analysis, the most relevant industry stats, and our best tips to profit from this exciting market while learning from it!

Bitcoin

Faced with two options really – Post-high-risk setups for you all, try to catch a knife on most names… OR be patient and wait for wider market confirmations… For me, it’s about preserving capital and hedging out as much risk as possible, being patient, and letting the data decide. The latter is how you survive in the market long term…

From my scan this morning for me it’s a case of liquidating more retail froth – much of this recent froth is based on Gaming names and we haven’t seen full capitulation here yet IMO so I’ve targeted some possible areas. BTC just remains in the zone… my 3 scenarios are below. As soon as I see what I need I’ll pull the trigger.

Ethereum

You saw our perspective on BTC, which for now remains on a fully grey range lacking interest.

What is way more interesting for me is the role that ETH has been playing during the last days when most of the coins were crashing hard. Remains as one of the few respecting the main uptrend support and also the horizontal range on the $4,000. Which has been key during the last months. All the sell pressure it's being absorbed quickly. Remains on the verge of the abyss, but as with many others, we can't say is doomed here. And given that ETH represents the main flag of the whole altcoin ecosystem It's worth keeping an eye here and don't fall instantly for a multiyear bearish mindset as many are claiming.

IDO Research

SIDUS Heroes

SIDUS Heroes is a first-of-its-kind Play-to-Earn RPG. The game is set in a galactic universe, where players can battle, explore, craft, and strive for economic dominance in the SIDUS Metaverse. The game will have AAA-level graphics and gameplay, and a deep progression system enabling players to own some of the most valuable and spectacular in-game assets ever seen in blockchain gaming.As an RPG (Role Playing Game) - SIDUS allows players to choose how they wish to play and enjoy the game itself. Are you a Warrior, Explorer, Crafter, or even desires to be elected as a political figure within the game?

NFTs / In-Game Assets

Players will have the opportunity to own: characters, pets, clothing, spaceships, planets, and even space stations and comets within the game itself… imagine mining your own comet and mining it for gems to sell?! All these will be represented as NFTs - meaning players can use, buy, sell, and even stake these assets for real financial gain.

Play-to-Earn

The game will have an immersive in-game economy, rewarding players who play the game and progress through its content and leveling system. The in-game tokens will be integrated into every fabric of the game, in such a way that maintains balance but also allows players to enjoy and earn within the metaverse in whichever way they choose. Become a master spacecraft engineer or the most desired gem cutter in the universe - you’re gonna get PAID

What is unique about SIDUS Heroes?

WebGL - this is an innovative new game engine developed and owned by the SIDUS creators, which allows the entire game to be accessed simply from the web browser. No high-end PC needed, no games consoles - just a web browser. This will open the game up to millions if not a billion new potential users. Check for yourself - free DEMO on the website now Political Narratives - Players can strive for a career in politics and be elected by their fellow players based on their manifesto… and the game will implement itLabour force and Employment in-game - if you’re highly skilled in some areas, you can offer your abilities to other players, political parties, or planets to profit from themStoryline - SIDUS has enlisted a renowned Sci-Fi writer to write their story in the form of a book, even with the long-term goal of a film… I mean, what crypto project is doing that if they didn’t have the ambition and follow-through for their game. Madness

Tokenomics / Market Cap

2 Token Model

  • SIDUS (30bn Total Supply) - Currency used for day-to-day use in-game

  • SENATE (300mn Total Supply) - Governance Token - influence political decisions

Token Price & Initial Market Caps

  • SIDUS & SENATE - will both launch with an initial market cap of $769,500 each

  • SIDUS Price: $0.0018

  • SENATE Price: $0.18

Who’s invested?

  • Partners - PlayDisplay, NFT Stars, Space Swap, NFT 256

  • Investors - Most notable is ALAMEDA RESEARCH

IDO Launch

Launching on 7 launchpads, including all heavyweight gaming launchpads: BLOKPAD, Ignition, TrustPad, SpaceSwap, Red Kite, GameFI and SeedifyFree Giveaway Competition https://gleam.io/Maiae/sidus-nft-stars-50-x-winners-guaranteed-igo-allocation

Where to find them?

Skin in the game

The importance of being Patient as a Trader

A wise man said that ”Learning patience can be a difficult experience, but once conquered you will find life easier”. In trading, patience is the single most important thing that can make a huge difference in your trading performance. Everyone keeps talking about being patient in trading so let’s discuss the role of patience in trading and where it is needed.

Waiting for a winner

It is important to wait for a trade that meets your set trading criteria fundamentally and technically. Instead of entering randomly, you need to define the chart patterns you wanna trade and you need to wait for them to develop in the list of assets you are looking to trade. Assets you are looking to trade might be running without meeting your set criteria which will test your patience level. The best thing is strict to the plan because the market is here to stay.

Waiting for an entry point

When you decide to take a trade you set an entry point. There will be times when you will feel the market will run away without taking your orders. At that point, you will be looking to enter at market price which will test your patience. Never get fomoed by the market. Always wait for the proper entry points to enter in a trade, otherwise, you will not be able to achieve the proper risk-reward ratio and will end up making losses.

Let the setup play

Trading fear can cause great damage to your trading performance. Once you have entered in a pre-defined setup you need to wait for the setup to develop and play rather to impatiently close the trade in a fear of loss. This can only be achieved when you enter every trade with a risk-reward ratio of more than 1:4. If your setup fails 4 times and wins one time you will still be in breakeven but if your setup didn’t play 4 times you need to review your entry criteria.

Exiting a trade

When you enter in a trade you define the exit point in advance to meet the risk-reward ratio you set. But there will be times when you have entered in a trade but it’s barely moving towards its target. At that point, you might want to re-evaluate your trade to check if anything has changed since you entered the trade. If fundamental or technical analysis suggests otherwise then you should consider exiting from it right away.

Rand