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🧑‍🚀 The Beginner's Guide To Trading Bitcoin 🤑

PLUS: Your Ultimate Guide On The Week Ahead ✅

Howdy Lark Traders! This is Lark Digest, and we help you get smarter about trading in less than 5 minutes. But if you’re a slow reader like me and it takes more than that, please don’t sue us.

Mr.Lark

On today’s menu:

  • The Beginner's Guide To Trading Bitcoin 🤑

  • Your Guide To The Week Ahead

🤑 How I Caught 1,100 Pips On Bitcoin

Do you know the only thing worse than Lambo Gurus?

Gurus that don’t post analysis BEFORE a trade goes live.

When I was addicted to Telegram signal groups in 2018, I absolutely hated it when they posted on social media that they caught a trade that wasn’t sent in the group.

Was I trading with big money?

No.

Did I even know what I was doing?

No.

But that’s beside the point! My 0.01 lots were on the line!

At Lark, we have many Golden Rules. And one of them is that analysis must be posted BEFORE a trade gets executed.

That way, nobody gets salty, nobody gets hurt, and everyone can remain friends.

Late last night, as I was about to fall asleep with only one eye still open, I managed to quickly set my pending order and the following analysis on Bitcoin:

Now, I already know what you’re saying.

“Bitcoin is the greatest money ever invented! There’s only 21 million Bitcoins! Why would you possibly short it! Are you mad!?”

Mad at the Lambo Gurus? Yes, yes I am.

But here were the confluences for the trade:

  1. 38.2 Fib

  2. $69,000 Psychological Level

  3. 1H 100 & 200 SMA

  4. Trendline Retest

And let me tell you, this morning, my McDonald’s coffee has been tasting extra good because the trade is up 1,100 pips.

So, why am I telling you this? What’s the lesson here?

1/ Simple Trading = Effective Trading. I’m sure 99% of you could have found all of the above confluences on your own. Heck, my 11-year cousin could find them! And that’s not a bad thing.

2/ Elastic Timeframes. I prefer quality over quantity. For me, the 4-hour and daily timeframes are my bread and butter. But sometimes there’s nothing wrong with jumping down timeframes if the setup is A+.

3/ Quick Trades = Lean Into The Charts. To be an amazing trader, I believe you need fundamental analysis. It’s fundies (is that a thing?) that dictate whether I want to be buying or selling an asset. But for quick trades like this, I can lean into the technicals.

4/ You Should Be Following Us On Twitter. I mean, this one is obvious 😉. Click HERE to join.

🥳 Only 4 Days To Go!

Lark Funding will be turning 2 in just four days!

No, we don’t yet have any gray hair, but we sure do have a lot of experience.

Once the new guys on the block, we’ve had to work through:

  1. Deel shutting off firms.

  2. Countless firms closing.

  3. Platform migrations.

  4. And more!

And yet, we’re still going strong.

We’re excited to celebrate with you in just a few more days.

But if you’ve been bit by the trading bug and can’t wait, we’ve still got our 15% discount code running.

This ends in just 3 days.

Your Weekly Trading Guide

At Lark, we’re absolutely obsessed with the financial markets.

  • Central Bank Policy

  • Quantitative Easing

  • Inflation Reports

  • Jim Cramer Memes

My gosh, I’m getting excited just thinking about it!

And that obsession is why we’re working hard to bring traders the Ultimate Fundamental Analysis Masterclass.

This is a course unlike you’ve ever seen before.

It’s the exact course that I would have paid thousands of dollars when I first started trading to learn everything there is to know about fundies (has that caught on yet?)

Here’s a sneak peek:

What’s missing?

Because we’re elbows deep in this stuff, we know exactly what’s going on in the market this week and what you need to pay attention to.

Here’s the breakdown.

1/ LIGHT CALENDAR 📆 

Here are the most important news events we’re watching this week.

Yeah, they’re pretty boring.

But the Euro Inflation Rate is definitely worth watching. Remember, inflation dictates when central banks will be able to cut interest rates.

That’s all the market is focused on right now.

Lower EU Inflation = Higher Chance of EU Rate Cuts = Weaker EUR.

Did you follow that?

2/ WEAKER USD? 🇺🇲 

A theme/focus this week is the ongoing weakness of the USD.

For the last month, the market has been pricing in rate cuts, which has led to a weaker US dollar.

This has led to Gold recently hitting all-time highs.

But the market is still waiting to see what Mr.Powell does and that means we’re in a waiting game.

Remember, why was the market so choppy last week?

Choppy Markets = Uncertainty = We Need To Wait For More Information

And unfortunately, we’re not going to get a lot of that needed data this week.

3/ THE LARK APPROACH 🚀 

At Lark, we believe it’s a guarantee that rate cuts are coming.

When they come is a different question.

But because the market is always forward-looking, we’re less interested in the exact date that Mr.Powell gets the party started.

Here in Canada 🇨🇦 there’s now a 67% chance of a rate cut in June.

And rate cuts mean there will be a big appetite for risk assets.

So in all of our trades, our bias is:

  • Selling the Dollar, Swiss Franc & Japanese Yen.

  • Buying the Canadian, Australian & New Zealand Dollar.

  • Buying Stocks 📈 

And if none of that makes sense or you want a deeper dive, our Skool community will be launching soon.

Happy Tuesday,
Mr.Lark

☕️ Pre-Market Fuel

1/ Trump says he’ll build a Crypto Army. It’s official: a vote for Trump is a vote for Bitcoin.

2/ You need 4 daily wins. I really liked this post and Mitchell is 100% worth a follow.

3/ Should traders diversify? I think about this a lot when it comes to investing and business.

🍪 Digestible Memes

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