# ThirdEyeCrypto: Reading Tea Leaves

*A week defined by volatility*

By [Third Eye Crypto](https://paragraph.com/@thirdeyecrypto) · 2024-03-20

current events, free

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Hi!

This week’s roundup is all about **volatility** in crypto markets:

*   🚨Japan announcement stuns the finance world
    
*   ⏰ Waiting on Jerome Powell's big update in <checks watch> 3 hours
    
*   🌅 Halving on the horizon
    

If you’re trying to make sense of these headlines, then these are the resources you need to catch up:

### Weekly Resource List:

1.  [_Japan Ends World's Only Negative Rates Regime_](https://www.cnbc.com/2024/03/19/bank-of-japan-boj-march-2024-policy-decision-mpm-meeting.html) (CNBC; Reading time 5 minutes)
    
2.  [_Bill Noble Explains The Impact of Japan's Decision_](https://www.youtube.com/shorts/rJ1O7qfd3Es) (YT Short; 2 minutes)
    
3.  [_Jerome Powell's Speech_](https://www.barrons.com/livecoverage/fed-fomc-meeting-rate-decision-powell-speech-today) (Barron's Livestream)
    
4.  [_The Bitcoin Halving Really Is Different This Time_](https://www.coindesk.com/consensus-magazine/2024/03/19/the-bitcoin-halving-really-is-different-this-time/) (CoinDesk; 4 minuites)
    

### Favorite **Tip Of The Week:**

Lastly, here’s my research tip of the week.

It’s from [Jay Snackler](https://twitter.com/JSnackler/status/1768204816642400477?s=20), and it completely changed the way I thought about technical analysis on early altcoins.

**Here are my three key takeaways:**

*   1: Token market cap is not just the most important metric in evaluating a token; it may be the **only** metric you need.
    
*   2: [CoinGecko](https://www.coingecko.com/) or [CoinMarketCap](https://coinmarketcap.com/) are all you need for this.
    
*   3: Be aware that total market cap is not always what it seems and can be manipulated
    

Hope this helps!

### That’s it!

As always, thanks for reading.

**_Hit reply and let me know what you found most helpful this week—I’d love to hear from you!_**

See you next week,

Steve

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*Originally published on [Third Eye Crypto](https://paragraph.com/@thirdeyecrypto/tea-leaves-001)*
