Crypto news and daily update by Top Trader JAKE 20/12/2022

Crypto news and daily update by Top Trader JAKE 20/12/2022

Dear traders,

Market is slow and show no volume and we can expect whole week small pumps/dumps don’t be fooled.

Not financial advice!

TOP Trader


Daily close was under 16.500$ what is bearish continuations. BTC made a liquidity grab at target 16.200$ to kill longs and after that kill most late shorts in re-bounce to 16.800$. At price of 16.800$ there is strong resistance and there is one more liquidity grab possibility at 17.200$. Copy trade TrendRiderV2 in 5 days make 9% of total wallet profit.


ETH make pump from low target and hit resistance target at 1220$ what is good shorting position. For small SHORTS and copy trade take StormRider it make +6% in week.


XRP make full bearish with downtrend continuation to range of 0.315$. XRP make small pump and hit resistance at 0.344$ new lows are expected.


LINK make new low and pump to the consolidation channel and be stopped at 6.03$. There is possibility of small pump to grab liquidity after that new lows are in play.

Crypto/stock daily news:

Is DCG in trouble?

Why? A bunch of assets related to the crypto giant were being sold off like the dickens.

And it’s not just DCG that’s in trouble. It’s a family affair.

You can call the DCG family the Kardashians of crypto right now. And man, is it hard to keep up…

So, we’re gonna whip out the family tree to help explain what’s going on.

DCG = parents

Genesis = daughter

Grayscale = son

Gemini = daughter’s best friend

Bitvavo (Dutch exchange) = family friend

Here’s a 30-sec rundown of the drama:

The parents could reportedly be going bankrupt

The parents owe the daughter $1.5b

The parents are selling off its kid’s assets

The daughter owes her best friend $900m (her BFF just set up a creditor committee to help get those funds back)

The son’s products (GBTC, Filecoin trust, etc) are failing & being sold off at big discounts

The family friend gave the parents $296m, and now the parents aren’t giving it back (suspended redemptions)

I know I know, the DCG family drama makes the Kardashians look like the Brady Bunch.

Final words:

Last nigh we see market liquidity grab and this is possible in both direction so please be careful about next trade you take and as always SHORT every pump in BEAR market!!

WE ARE STILL IN BEAR MARKET don’t be fouled by small scam pumps stay at your TA and don’t trade by feelings!!!

Not Financial Advice!


TOP Trader