Dear traders,
This week we have CPI report about inflation and market will move with those results. Expect big volatility this week and pre pump/dump before CPI.
Jake
TOP Trader
BTC:
BTC consolidating in range 21.500$-22.000$ and preparing for next move with CPI results. Under 21.300$ is bearish continuation. If break 22.300$ we could see next leg up. Big swing is coming trade with small leverage.
ETH:
ETH can’t hold above 1530$ and next leg down is possible. Trade in range with small leverage.
XRP:
XRP can hold 0.378$ support and show no strength for push up. Looking bearish and ready for bigger pull back. Trade with small leverage before Cpi we could expect big swings.
LINK:
LINK is push back from 7$ resistance and looking for next leg down for support. Dangerous to trade big swing are coming. Take longs only at support with tight stop loss.
SOL:
SOL losing support after support if 20$ is lost we could see fast drop to 17$. This broke of support will show fast swing to 17$ take trade with care. Still no power for push.
DXY:
DXY show strength and continue grow and holding at support line looking for next leg up. DXY up market DOWN. CPI will show will DXY push more up or bring it back under 100 zone.
Crypto/stock daily news:
PANIC! AT THE [COINBASE] DISCO
The SEC is the Great White Shark that just dragged Kraken’s staking service underwater, Spielberg-style.
And now, some traders seem spooked that Coinbase is next. *Jaws theme intensifies.*
Users scrambled to convert almost $5B worth of crypto into fiat within a 24-hour period Thursday, based on data from Peckshield (blockchain analytics firm.)
Pretty sure that’s the definition of panic-selling.
Now, we don’t know for sure if the agency will train its anti-crypto staking gaze to Coinbase next.
But the exchange better watch for a fin coming at it on the horizon.
Final words:
This week we have big market data and take care for your trades and take profit if you are in. Tommorow is first big day with CPI inflation report so stay online and watch your bags.
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Not Financial Advice!
Good luck with trades!
Author
Jake
TOP Trader
