Dear traders,
Crypto is knocking into resistance and aiming for the next leg up. If BTC breaks 25k, we will see mega push
on all crypto.
Jake
TOP Trader
BTC:
BTC still consolidating under 25k and it making way for next turn. 25.200$ act as strong resistance
and push above could send us to 28k range. More rejection could push back to 21k range of BTC.
Next big swing is loading. Stay safe trade with small leverage.
ETH:
ETH still don’t show strength for next leg up. Now accumulating under 1700$ and if BTC push will
follow on long target. Trade with small leverage.
XRP:
XRP try to push into 0.4$ but gets rejected. Now accumulating under 0.4$ and getting power for next
leg up. Still big sell off XRP is still on.
LINK:
LINK is push back to support line of 7.7$ what is good for long for next leg up. Trade with stop loss
under 7.7$ if support don’t hold. Market is dangerous now use small leverage.
SOL:
SOL hit resistance and push back to support. Now is good option to take small long at support and
get good position to next push up. If support don’t hold we could see big swing back to 20$ zone.
DXY:
DXY holds support and aiming for next leg up. Still show no strength for push to 105 zone.
Crypto/stock daily news:
Yuga Labs gets caught stealing. The creators of Bored Apes were recently called out for allegedly
illegally trademarking the logo for their NFT collection, the Bored Ape Kennel Club. That’s right, a
collection worth $115M+ allegedly stole art from a drawing-guide-for-dummies product.
Sony Web3. The tech giant announced it’s launching a web3 incubator program in partnership
with Astar Network. Another day, another big company jumping into web3.
YouTube’s new CEO loves web3. YouTube has a new CEO (Neal Mohan) and he loves NFTs, the
metaverse, pina colada’s, and getting caught in the rain. JK on those last two, but looks like NFTs
and the metaverse could be coming to YouTube soon.
The SEC sues another celebrity. NBA legend, Paul Pierce, was sued for promoting a crypto token
and not disclosing it was a paid advertisement. Pierce has agreed to pay over $1.4M to settle the
charges. Ouch, from Mr. I-Called-Game to Mr. I-Called-Banks.
Final words:
BTC is at main resistance before big swing up. There is still possibility to push back but trend is
now bullish and there is big buy will on market.
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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
