Dear traders,
The market still hasn’t made significant moves, but it remains bearish in the long term.
Jake
TOP Trader
BTC hit resistance at $27,200 and is now losing momentum, signaling a possible downtrend. It remains bearish in the long term.
ETH broke below the $1,630 resistance and is losing momentum, with a significant possibility of a sharp drop. However, it still requires substantial buying volume to initiate an upward push.
XRP encountered strong resistance at $0.52 and swiftly turned downward, with a significant possibility of further declines. It remains in danger if the $0.50 support is lost.
LINK encountered strong resistance at $7 but is holding above the 200MA, which is bullish if it manages to maintain this position for an extended period.
SOL broke below the strong $20 resistance, and there is a significant possibility of a strong rebound.
EOS is attempting to break the strong $0.60 resistance and is currently pushing the price up strongly. However, it still requires significant buying volume to sustain the price increase.
LTC encountered strong resistance and is continuing to trend downward, requiring substantial and strong buying volume.
DXY is pushing above 105 and has a bullish momentum with an aim toward 108.
Crypto/stock daily news:
CHATGPT LAUNCHED ITS OWN TOKEN ON ETHEREUM
I usually scroll past clickbaity posts (not today, Satan) but this was pretty cool.
A Twitter user, @CroissantEth, went on a mission…get ChatGPT to launch its own token on the Ethereum blockchain.
Spoiler alert: the mission was successful.
ChatGPT…
- Wrote the ERC20 smart contract to create the token
- Used OpenAI’s API to interact directly with the Ethereum blockchain
- Chose the total supply of the token (65B tokens)
- Generated the name of the token (AstroPepeX)
- Created the ticker for the token ($APX)
- Utilized DALL-E to create the image for the token
- Revoked ownership of the token (that way, it would eliminate any remaining ties to a human)
Amazing.
P.S. – this is not financial advice. It’s just a cool project we came across.
P.P.S. – my lawyer is giving me the death stare so I repeat, this is not financial advice.
OVER THE LAST 12 MONTHS, CRYPTO HAS…
Meet Spencer.
Spencer is a General Partner at Blockchain Capital.
Spencer and Blockchain Capital just raised $580M to launch two new crypto funds, in a bear market. (*firm handshakes all around*)
Earlier this week, Spencer dropped this post.
Our brains work in funny ways. We tell ourselves we’re long-term investors, but we can’t stop looking at short-term prices.
Sometimes you just need to take a step back and appreciate the bigger picture.
Final words:
FOMC is over market slowly turning back with big possibility of drop down and US dollar strongening.
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Not Financial Advice!
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Author
Jake
TOP Trader
