Hey there, PokPok fam! 🐔🥚

We've had an exciting week. It's almost time for the lambos 👀 (not quite).

We'll keep it direct – the main focus was looking at economic events and a risk approach to altcoins, followed by our key levels and trade highlights.

This Week’s Juice 🧃

• 🚀 Massive boost in altcoin confidence. We're looking for risk opportunities.
• 🏦 Economy: GDP Growth Rate QoQ Final @ 3.0% (as expected) 📈
• 🏦 Economy: Core PCE MoM @ 0.1% (under expected by 0.1%) 🔥
• 🏦 Economy: Consumer market remains stagnant, unreactive to lower interest rates (so far) 👀

Getting up to speed! ⭐

Economic Reports

GDP Growth Rate QoQ Final

• As expected @ 3.0% (prior 1.6%) 📈🔥

Core PCE MoM

• Under expected @ 0.1% (expected 0.2%) 🔥

Personal Income MoM & Personal Spending MoM

• Personal Income: Under expected @ 0.2% (expected 0.4%)
• Personal Spending: Under expected @ 0.2% (expected 0.4%)

Goodbye September. Hello, end of year ⏱️

We've come to an exciting end to September. What a rush!

This year has been the best year for Bitcoin during this month. We're looking forward to seeing how BTC performs in the notorious "Uptober", averaging 27%, higher than any other month.

While it may be likely we see new ATHs soon, it's important to stay grounded by understanding the key invalidation levels for your positions, and make sure you take profit along the way!

Market Analysis ✨

Week Overview

⭐ We've had an awesome week as the market begins to heat up. Take a look at some of our trade ideas from Monday and how they performed:

#1 Short ETH @ 2690

• Review: As anticipated, a wick at 2690 and a pullback to 2600 did occur.
• Return: This was an amazing risk-to-reward. Over 3% return (unleveraged) with a tight stop loss! 🚀

#2 Event-based Long Chick @ GDP Growth

• Review: This was a valid trade entry. We'll be following up on this on Monday for results. So far, the option should be in ~53% profit assuming a PokPok Chick cost of ~$1530. 🚀

BTC Analysis

• We're really excited to be playing in a new range higher. 🚀
• We're a few hundred short from our main weekly target of 66,900, where we'll be closing one of our short-term longs.

Looking at the upside 📈 🚀

• We expect 66,965 to be cleared at some point in the next few days.
  • Coincidentally, we've got a pocket of short liquidations at this exact level of ~66,960 👀
• Our main idea is to find support above our previous local range (which was high resistance, in order to head towards near-70k levels.
• Liquidation Magnet Level 🧲 66,960
• Primary Targets: 66,960, 68,270, 69,682 (last bullun ATH)

Looking at the downside 📉 👀 

• Losing the Monthly Level @ 64,600 (4H close below) would show significant resistance and make us aware of a potential significant correction. (Main thing to keep in mind!) 👈
• Keep in mind we're close to break out of a macro downtrend. If we fail to break this market structure, we will tend towards lower levels. 🚨
  • This can lead to potential flash crashes, so we must be aware of any market reactions around this area.
• Primary Targets: 64.6k, 61.2k, 59.2k

Ethereum Analysis

• We're happy with Ethereum's performance so far and still focusing on a ETH/BTC level of 0.043 as mentioned since last week.
• To maintain our bullish bias, we expect to find 2685 (previous target) to see a support reaction to confirm a new range. This should be supported by BTC's acceptance into the new range too.
• To the upside: 2770, 2850, 2930
• To the downside @ 2645 (predicted Weekly target, TBC on Monday), 2580 , 2440

Altcoin Analysis

• Altcoins have performed exceptionally well this week, increasing our confidence. 🚀
• While we haven't broken our altcoin outperformance target, it's clear that the market is starting to support altcoins more.
• As we warm up for high BTC levels, we're looking to maximise our opportunity in altcoin investment as we turn to be more risk-on.
• This is the first week that we've been keen on considering further risk. 👀

Investment Strategy 📈

From now on, we'll be displaying our actual allocations by type in comparison to our modelled allocations.

This is not only to have a bit of transparency in the actual risks we're taking but also to expose the difficulties in following such allocations. Often, we'd be reluctant to take additional risks until we see a valid opportunity, however, we'd look to keep within our targets for the Red/Yellow highlights.

As the market heats up, we're scaling towards maximising our risk-on allocations. Do not just allocate the full amount because we've listed some numbers, only do so if the investment makes sense.

There have been no changes to our allocations.

Here are our latest Portfolio Allocations using our allocation model:

DeFi & Yield Farming 🧑‍🌾

Looks like the altcoin market is heating up nicely!

We're looking to increase our Yield Farming allocations. Let's look at some of the top-performing chains at the moment, and we'll show you some of the new farms we've been looking at.

Chain Performance

• We've had a crazy month with some massive spikes in TVL compared to the last few months. It's incredible. 🚀
• This makes us keen on Yield Farming as there's more strength in altcoins on-chain. 🔥
• Top Performers: Sui, Base, Aptos
  • While Sui has been outperforming for quite a while (We recall mentioning it since mid-August 👀), it's worth looking at for a longer-term investment in Yield Farming due to high volume.
  • Base is our golden egg for the next few months as we see there are tons of growth opportunities!
  • Aptos is another one. It's quite similar to Sui but currently has limited opportunities and is more focused towards Lending/Liquid Staking.

Yield Farming Opportunities

#1 (Allocated by Tago Research)

• Pool: AERO Lending on ExtraFi (Base)
• Current Yield: 89% APY 🚀
• ➡️ Stake here
• We've been lending AERO for the past couple of months. This is a part of our long-term portfolio as we see it as a proxy investment for the future growth of Base.

#2 (Allocated by Tago Research)

• Pool: OVN Lending on ExtraFi (Base)
• Current Yield: 89% APY 👀
• ➡️ Stake here
• OVN is another great proxy investment in Base. We also see the stablecoin market as a massive narrative and Overnight Finance has been doing an amazing job at pushing this.
• Due to the high yield, it seems attractive as it's not a Liquidity Pool so there's no impermanent loss!

#3 High Risk/High Yield

• Pool: SUI/wUSDC on Turbos Finance (Sui)
• Current Yield: 306% APY 🔥
• ➡️ Stake here
• We've mentioned this pool before as Medium Risk. The reason we've marked it as High Risk is due to the high chance of a drawdown in the price of Sui.
• We recommend scaling in chunks as the price could potentially drawback to 1.30 (assuming the current high is the top).