Scam wicks appear everywhere, indicating where the price will go next.

03.08.2023

Dear traders,

The crypto market is slowing down, and there is a big possibility of the price going down.

Jake
TOP Trader

BTC is at support at $29,100 and indicating a next big drop. The volume is dropping, and there is still no significant buy pressure.

ETH is at support at $1830, and the next leg down is loading. It still needs more significant buy pressure for a bounce up.

XRP is breaking down support at $0.67, and a bigger drop down is possible. However, it remains in danger until any bearish market news clears.

LINK is still fighting in the $7 zone and needs a bigger push up for a significant bullish breakout. This presents a great entry point for long positions and offers an attractive long-term buying opportunity.

SOL is at support at $22, and there is a possible next leg up. Still, it’s a good spot for long-term buying.

EOS is still trading in the mid-$0.7 zone and needs a bigger push up for a bullish breakout. It remains a good option for long-term buying, but breaking the resistance requires a significant push.

LTC is breaking under the $88 support, and after halving, it shows slowing momentum. This presents an excellent long-term investment opportunity!

The DXY is breaking bullish, with the next target at 103.

Crypto/stock daily news:

MICROSTRATEGY’S Q2 EARNINGS ARE IN…

Microstrategy is an enterprise analytics software company, but most people know it for something else…

It owns a sh*tton of Bitcoin.
And Microstrategy just had its Q2 earnings call. Here are the main highlights:

Total revenues decreased by 1%.
12,333 BTC (worth $347M) was purchased throughout the quarter. The company alsobought an additional 467 BTC after Q2 ended in July.
Reported a $24.1M impairment loss in Q2 from Bitcoin holdings. This is down from a $917.8M loss in Q2 of 2022.

Microstrategy now owns …*checks notes*…. a whopping 152,800 BTC (worth $4.52B).

Side note: I’ve always wanted to be a fly on the wall in one of MicroStrategy’s board meetings. I imagine it’s something like this…

The wild part? Microstrategy wants to buy more Bitcoin. #CantStopWontStop

The company filed paperwork with U.S. regulators to let them sell up to $750M worth of Class A common stock in order to raise money to buy more Bitcoin.

Crazy, I know… Saylor buys a ton of BTC and everyone calls him a visionary. But when I do it, my wife calls for an intervention.

FAST NEWS:

Downloaded the LooksRare app yet? Home screen widgets, glorious portfolio analytics, and beautiful rarity visualizations. LooksRare puts the NFT ecosystem in the palm of your hands with its all-new mobile offering (iOS/Android).*

GameStop is shutting down its NFT wallet due to “regulatory uncertainty of the crypto space”. Support for the wallet on Chrome’s web browser extension and iOS mobile app will cease on November 1. RIP.

OpenSea hires Kelly DiGregorio as its new VP, Head of Global Partnerships. She’s the mastermind who formerly helped Polygon sign partnerships with Starbucks, DraftKings, Mastercard, and more. #powerhouse

LG Electronics is teaming up with Mallconomy to allow users to access Malconomy’s metaverse on LG SmartOS TVs. Web3 Web2.

The team behind Ordinals is launching a non-profit organization to fund its open-source development. The non-profit is being created as a way to compensate developers without compromising the values and goals of the protocol.