Dear traders,
BTC hardly trying to push thru 29k resistance and ALTs are in charge to the resistance. Will they
break it?
Jake
TOP Trader
BTC:
Bitcoin touch 27k and push back to 28k zone and now accumulating before next push. Resistance of
29k still holding strong. Still slowing in momentum with small volume.
ETH:
ETH break 1820$ resistance on 4h and looking bullish for next leg up. Good for long on retest of
breakout.
XRP:
XRP drop under support of 0.5$ and need to push back above for next push up. Good for small long
if fall down to 0.47$.
LINK:
LINK still fights with 7.4$ resistance and still don’t have volume for push up.Good for spot buy for
long term.
SOL:
SOL trade around 21$ and still consolidating before next move. Still no volume for push up.
DXY:
DXY at final support before big drop. We got signal for push up lets see how it will play out.
Crypto/stock daily news:
THE U.S. GOV’T IS SELLING $1B+ OF BITCOIN
Uncle Sam is going on a Bitcoin-selling spree. In a new court filing, the Department of Justice (DOJ) revealed that it sold 9,861 Bitcoin for $215M.
The DOJ also announced it will sell another ~41,500 BTC in four more batches over the course of this year.
So, where’d Uncle Sam get so much Bitcoin? Silk Road – an online black marketplace where people could buy crazy, illegal stuff using crypto.
Over 50,000 BTC were seized after the Silk Road shut down and now the U.S.
government is planning to sell it.
So what? Some people think that 50,000 BTC hitting the market could add sell-pressure and bring the price of Bitcoin down.
The reality is it’s hardly a drop in the ocean where crypto whales eat that much Bitcoin for breakfast. So, we aren’t too worried about it.
But it’s all pretty funny. One week, the U.S. government sells $200M+ on Coinbase… and the next week, the U.S. government says “crypto has no value” and sends Coinbase a Wells Notice for breaking the law.
The irony…
Final words:
Market is still at resistance for big coins but small alts what are lagging can push more up best
trading is small alts at moment on they breakout. So as always short resistance and long support
don’t take big leverages.
Copy trade GROW 0.1->10k$ in 14 days we got +14% 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
