Dear traders,
Today US stock market are not working because of Eastern and there will be no big moves on market by volume in these days.
Jake
TOP Trader
BTC:
BTC breaking 4h uptrend line and showing bearish structure. Still slowing in momentum with small volume.
ETH:
ETH holding support at 1860$ and need to hold it before next push up to 2000$. Good position for small long if support holds.
XRP:
XRP consolidating around 0.5$ and there is still no power for next leg up. Looking bullish only if holds above 0.5$. Good for small longs with target 0.6$.
LINK:
LINK slowly bleeding and waving around 7.4$ for long consolidation. Good for spot buy for long term.
SOL:
SOL consolidating at 20$ for too long and next push will be big swing up or down. Still no volume on buy side of SOL.
DXY:
DXY barely holds above 101.9 and show no strength for next push up.
Crypto/stock daily news:
ETH HITS AN 8-MONTH HIGH
MAY I HAVE YOUR ATTENTION PLEASE… ETH just hit an 8-month high.
I repeat, ETH is higher than it’s been in 8 months. 🎵Yea we poppin’ champagne like we won a championship game🎵
ETH clocked in at $1,913 yesterday and was +5% on the day. It hasn’t been this good since Aug. 17, 2022.
Why the rise? 2 things:
1/ The sharks are swimmin’
Addresses holding 100-10K ETH are called sharks.
And lately, they’ve been eating up ETH like it was a scene from Jaws.
Sharks added 2.27M ETH to their wallets, worth $4.2B over the last 9 months. That’s around 1.4% of the total ETH supply.
So what? It’s seen as bullish when sharks accumulate this much of a digital asset. They own more ETH than they have in over a year, and that could be tied to ETH’s 8-month ATH.
2/ The Shapella Upgrade
Not to pull a fast one on you, but we’re calling Ethereum’s April 12 unstaking event the Shapella upgrade now.
Shanghai refers to Ethereum’s execution layer update. But the protocol’s consensus layer will get an upgrade known as Capella. That’s right, the Ethereum network is layered like an onion.
Shanghai + Capella = Shapella
Everyone’s been antsy for it. That anticipation could be what’s driven the price up over the past few months.
Who knows if ETH’s price might tank after the dust settles from the upgrade. But for now…we’re ordering the wagyu from the menu tonight.
Final words:
US stock is closed today and there will be no volume on market during weekend(only if cartel ”binance” add 1 billion more on market). Search for lagging coins on market what are ready for push.
Copy trade GROW 0.1->10k$ since 18.03 we got +20% what is great for start.
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Sentiment Is now BULLISH and real test for bulls are this week.
Not Financial Advice!
Good luck with trades!
Author
Jake
TOP Trader
