BTC didn’t break strong resistance on monthly close new fake out loading?

01.11.2023

Dear traders,

BTC is still struggling to break the $35,000 mark, and there are indications of potential fakeouts as it prepares for its next significant move. Please exercise caution in managing your trades, as more news is expected later this week.

Jake
TOP Trader

BTC has not yet surpassed the $35,000 level and is currently consolidating below it, with the possibility of fakeouts occurring in both directions. There remains a chance of a retest at the $31,500 level, which serves as strong support. If the price manages to hold at this level, it may pave the way for a bullish continuation.

ETH is currently facing substantial resistance at $1830. To sustain its bullish trend and return to the $1900 range, it needs to break above this level. Caution should be exercised if a significant volume of selling pressure pushes the price lower.

XRP is pushing strongly towards the $0.62 resistance, creating bullish momentum for a bigger breakout. It still maintains strong bullish momentum and is preparing for a significant upward move.

LINK aims to break the resistance at $11.5 and make a significant upward push. Sustaining levels above $9.5 is crucial for significant bullish momentum.

SOL has broken the resistance at $33.5 and needs to hold above it daily for a substantial bullish continuation. It’s looking good for a bullish breakout with an aim for $40 as the next target.

EOS has broken the resistance at $0.6 and is now aiming at $0.63 as the next significant resistance before a more substantial push up. It still requires significant buying volume to push strongly upwards.

LTC is currently breaking through the $70 resistance level. Only a push above it, combined with holding that level, could drive the price higher. There’s still a risk if the price doesn’t stay above $70.

DXY is regaining strength for an upward push and needs to hold above 106.2 for a more extensive bullish continuation.

Crypto/stock daily news:

HALLOWEEN COSTUMES: CRYPTO EDITION

And since today’s Halloween, we decided to do something a little different.

Introducing… Halloween costumes: crypto edition.

We picked a few notable crypto players (founders, regulators, etc) and dressed them up for the holiday.

Without further ado, let’s get started.

1/ Sam Bankman-Fried as “The Grinch”.

Sam Bankman-Fried (formerly-known-as-SBF, or fkSBF for short) and the Grinch have a lot in common:

They both steal things (the Grinch stole Christmas and fkSBF stole everyone’s money)
They’re both mean and cranky and have hearts “two sizes too small”

It’s a perfect match.

2/ Brian Armstrong as “Mr. Clean”.

Crypto has been full of dirty, corrupt crypto founders.

Do Kwon. Su Zhu. Kyle Davies. Alex Mashinsky. fkSBF…

**pauses to take a breath**

… Anatoly Legkodymov. Ruja Ignatova. Karl Greenwood…

You get the point. It’s a long list.

Well in an industry full of dirtiness, one man is doing it the clean way…

Brian Armstrong. He’s the founder of Coinbase, a crypto company that:

Doesn’t co-mingle customer funds
Doesn’t fake financial reports (their balance sheet is completely public)
And has been working with U.S. lawmakers to bring safe, fair regulation to crypto

Brian is the Mr. Clean of Crypto.

Oh, and they’re both bald. So it kinda works out perfectly.

**static noise**

3/ Gary Gensler, Elizabeth Warren, and Jerome Powell as “A Nightmare On Capitol Hill”.

This is one of those group costume ideas. The one where you hit up your friends to match a theme.

Side note: Back in ‘99, the homies and I showed up to our Kindergarten costume contest as the Teenage Mutant Ninja Turtles.

(We placed 2nd. Lost to The Spice Girls. Still salty about it.)

Anyways, back to crypto… this year we think Gary Gensler, Elizabeth Warren, and Jerome Powell should team up for a group costume.

Together, they can be “A Nightmare on Capitol Hill”…

Jerome Powell = Freddy Kreuger. His interest rate hikes give investors nightmares and haunt them in their sleep.

Elizabeth Warren = Michael Myers. A one-woman army with one goal: end crypto’s life.

Gary Gensler = Jason. An unstoppable crypto-killing machine.

4/ Bitcoin as “The Grandpa from Up”.

I know, I know. Bitcoin isn’t a person so it can’t dress up for Halloween.

But if it could, it’d be the Grandpa from the movie “Up”.

They’re both old, stubborn, and keep going, well, up.

(Bitcoin is up over 100% this year)

5/ Caroline Ellison as “Snow White and the 7 Balance Sheets”.

We made this meme last week, but it also happens to be the perfect Halloween costume. Check it out…

Caroline Ellison is the former CEO of Alameda Research and fkSBF’s ex-girlfriend.

Well, she recently testified that she created 7 alternative balance sheets for Alameda Research.

The goal? Make the company look less risky to investors/lenders, so they could get more money.

And now, introducing…

Like Snow White, Caroline was just a girl looking for love but got a poisonous apple instead. (AKA fkSBF).

Alright, that’s all the crypto Halloween costumes we got today.

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