Dear traders,
US inflation rate came in 6.5% as predicted what is 0.6% fall from 7.1%. That pre-pump stock and make Crypto pump even more. Crypto is at crucial point break or go up.
Jake
TOP Trader
BTC:
BTC pump and be a market leader and hit 19.120$ what is up price in resistance zone. BTC facing strong resistance and channel breaking opportunity. If price close on daily over 19.500$ it will continue bullish trip. I weekly close above 18.300$ there is opportunity for BTC to go more up.
Copy trade TrendRiderV2 in week make 10% of total wallet profit.
ETH:
ETH follows market pump and hit upper resistance level and aim for 1500$ if broke pattern. It is overbought by RSI and correction is expected. For small SHORTS and copy trade take StormRider it makes +10% in week.
XRP:
XRP like most of altcoins didn’t make this push up and waiting for market moves. Under target 0.378$ and looking for breakout or more dump if market pull back.
LINK:
LINK holds in range of 6.3$ – 6.41$ and consolidating for next leg up. If market pulls back it will go with market to 6$ range.
SOL:
SOL aim at 17.6$ big resistance waiting for market move for next leg up or down.
DXY:
DXY take hit from market inflation numbers and holds at strong support but showing no strength. If bounce from it will hit 108 and make market another leg down.
Crypto/stock daily news:
NEW FTX TEAM RECOVERS BILLIONS OF DOLLARS OF ASSETS
The FTX fiasco is a lot like the Energizer Bunny… just when you think the story’s over, it just keeps going & going & going.
Yesterday, the bankrupt crypto company made the headlines again. But don’t worry. This time, it was ✨good✨ news.
1/ FTX’s restructuring team has recovered billions of dollars in assets
$5b+ in assets (cash, liquid tokens, stocks, etc.) has been recovered, according to FTX’s attorneys
Dozens of illiquid assets were also recovered, but attorneys say they can’t sell those assets because their supply is so large it would tank the market for those tokens
It’s still unclear how much is actually owed to FTXs’ 9m customers and how much more will actually be recovered
So what? If true, this is a big step towards getting customers refunded. More money recovered = more money back to creditors.
But some people are questioning how much the FTX team actually recouped. A month ago, the FTX team estimated they’d only be able to recover ~$1b. Now they claim they’ve suddenly found 5x that. (I guess they looked in between the sofa cushions.)
The Neighborhood Blockchain Watch says they’ve gone through every single public crypto wallet linked to FTX & Alameda Research and the numbers don’t add up to $5b.
2/ The bankruptcy judge rules whether or not to keep FTX’s customers’ info private
The decision is in …*gavel hits table*…THE INFO WILL REMAIN SEALED.
The judge added that he’d revisit the decision in 3 months, but for now, FTX customers’ info will remain private.
So what? FTX users have already been victims of deception & theft; the last thing they’d want is their private info (name, wallet balance, etc.) being aired out like dirty laundry.
So for now, FTX creditors get to avoid bankruptcy’s version of the Walk of Shame.
Final words:
Market make pump after good inflation numbers in hope that FED will slow down interest rates. Whole market is at resistance so chose your setup well – if short put stop loss close over resistance line, if long place order over resistance line after retest of broken resistance.
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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
