Dear traders,
Market show slow down and consolidation on support lines. Dollar start to pump into resistance and break of resistance will launch it in 104 with more push up.
Jake
TOP Trader
BTC:
BTC holds support at 22.600$ and make double bottom in small time frame. Break above 23.100$ could back BTC in range 23.600$ and up. If support don’t hold we could see retest 21k zone. Short under 22.300$ is good option.
ETH:
ETH still in mid channel and following market for next push up. Trade with small leverage daily moves are +3% it is dangerous to make big leverage.
XRP:
XRP drop from support and now support act as resistance and next leg down is possible into support 0.38$.
LINK:
LINK need to break 7$ or it will retest support at 6.5$. Still no power and strength for next leg up.
SOL:
SOL continue to push down and for now stopped but still down support at price. Trade with small leverage SOL make big % trades.
DXY:
DXY still bullish and if holds above 103.5 we could see next leg up and stock/crypto market back down to support ranges.
Crypto/stock daily news:
ADDICTED TO CRYPTO? SAY HELLO TO THE NEW CRYPTO REHAB CENTERS
People have all kinds of addictions. Gambling addiction. Drug addiction. Girl Scout Cookie addiction. And of course, there’s crypto addiction.
Well now a luxury rehab center is adding services to help treat crypto trading addiction. The center is called “The Balance” and it has locations in Spain, Switzerland, and England.
The rehab center estimates that ~1% of crypto traders will develop an “extreme” addiction to trading and will frequently do stuff like check prices in the middle of the night. People like this…
Which is why The Balance came up with a new treatment…A four-week stay filled with therapy, massages, yoga, bike rides, and more.
Plus you get a chef, a butler, and this damn good view every day.
The treatment costs upwards of $75,000. So while crypto traders might reach their moment of Zen while at the center, all that goes out the window when they get home and see the bill.
Good concept. Questionable pricing. I get there’s a balance between trying to help people while also making money, but the only balance I see here is in the name of the center.
Final words:
Market show slow down in grow and pull back will start today and every leg down is good buying option for next leg up. Dollar show strength and until dollar pump we will not see any possible leg up for market. When dollar stop and consolidate that’s point to enter new longs.
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Author
Jake
TOP Trader
