Dear traders,
Yesterday we see another bad day on US STOCK market what bring down crypto price down and touch support lines on all market.
LETS finish this year in BIG PROFIT!!!
Jake
TOP Trader
BTC:
More Losses in BTC?
If bitcoin fails to clear the $16,800 resistance, it could continue to move down. An immediate support on the downside is near the $16,550 level.
The next major support is near the $16,350 level. A downside break below the $16,350 support might send the pair towards the $16,000 level. Any more losses might send the price towards $15,550. Copy trade TrendRiderV2 in 5 days make 9% of total wallet profit.
ETH:
ETH hit resistance of 1220$ and make dump to 1180$ and looking to brake bear flag with target price of 1070$. For small SHORTS and copy trade take StormRider it makes +10% in week.
XRP:
Triangle pattern make move to up and targe price of 0.375$ and come back to the start of triangle pattern with no clear direction. Target is still 0.315$ for SHORTs.
LINK:
LINK break consolidation range and looking for short target of 5.53$. New dump will come with market movement today.
TWT:
TWT is best example of bear flag and big pump that was retraced hardly on start position. Always make TA with clear targets. Good LONG entry point at charts.
Crypto/stock daily news:
CRYPTO BILLIONAIRES LOSE BIG IN 2022
It’s not every day you make billions of dollars.
It’s also not every day you lose billions of dollars.
But the wealthiest folks in crypto have done just that.
Forbes made a handy dandy chart of the drops in fortune in 2022
Here are some highlights:
1/ CZ: $65b → $4.5b
CZ, Binance’s head honcho’s, net worth is wrapped up nice & pretty in Binance.
He holds about a 70% stake in the crypto exchange
That was worth $65b back in March, according to Forbes
But now, that stake is valued at a paltry $4.5b.
He may have greased the runway of FTX’s downfall.
But he also isn’t immune to it and the contagion it caused.
2/ Samuel: $24b → $0
This one’s kinda self-explanatory.
You build up a company that you say is financially stable.
You grace magazine covers with your big, curly hair.
And have a net worth of a small country.
Then it all comes tumbling down and you move in with your parents.
Final words:
We are now in full bear capitulation mode on STOCK market and crypto is following.
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!
Good luck with trades!
Author
Jake
TOP Trader
