Foot Guns

Share this post

FG Cheat Sheet 012022

www.cryptofootguns.com

FG Cheat Sheet 012022

Bitcoin finds temporary support

Jan 20, 2022
5
Share this post

FG Cheat Sheet 012022

www.cryptofootguns.com

Don’t miss last weeks podcast where we discuss crypto gaming, klima, and the signs of a bear market.

Listen Now


CHEAT SHEET

Pink = Bearish, Blue = Bullish, Orange = Neutral since the date given in “Bias Since”. Support levels are where the price could bounce when falling and Resistance levels are where the price could stop if rising. The black outlined boxes show the price at the time of cheat sheet creation. You can find more details on how to read the cheat sheet here.

What We Are Watching

We further breakdown our case for these cryptos here : What We Are Watching

Are you buying these tokens? Did you read our guide on how to buy them on Sushiswap and Uniswap? Got questions? Leave them in the comments.


Crypto News

  • veDAO has launched in an attempt to win one of the new ve(3,3) NFTs launching on Fantom

  • A vampire attack on veDAO is underway from 0xDAO

  • Andre Cronje and Daniele Sesta appeared yesterday on Frog Radio and officially announced ROCK and SolidSwap. Listen to learn more. We’ve been following this story closely in our Discord as well.

  • Crypto.com confirms hundreds of accounts were hacked

  • Ethereum Beats Visa In Terms Of Values Moved In 2021 ($11.6 Trillion and $10.4 Trillion Respectively)

  • What is Ethereum Layer-2, and why should you care?

  • Google Cards To Store Bitcoin and Crypto : REPORT

  • Michael Saylor Says MicroStrategy Will Never Sell Its Bitcoin

  • Russian Central Bank Calls For Ban of Cryptocurrency Mining

  • Top EU regulator urges ‘ban’ on crypto mining that he claims is sucking up renewable energy


Twitter avatar for @Foot_Guns
Foot Guns █████ @Foot_Guns
This is getting spicy. Have your popcorn ready for Friday 3pm EST #vampwars @_veDAO_ @0xDAO_fi
Image
2:57 AM ∙ Jan 20, 2022
4Likes1Retweet

BTC Outlook

We havne’t zoomed in for a while because BTC has just been slowly crawling sideways/downward. Finally, yesterdays price action leading into this morning has created signs of a bottom. Only time will tell if this is a fake out of indeed a temporary moment of reprieve after almost a month of negative price action. Yesterday would have been a good time to get long. Sit tight and stay vigilant. The broader markets are still on edge and the selling could return to BTC at any moment.

Possible Course of Action

  • Long this breakout

  • If long, stay long and look for a retest of $45k

  • Could try shorting near $45k

The Bulls’ Defense:

  • The price is breaking out from month long down trend

The Bears’ Prosecution:

  • Multi-month downtrend could continue. $50k has been rejected multiple times. $40k would be next major support.

Earn Interest on your Bitcoin

ETH Outlook

ETH’s price continues to consolidate within the Fibonacci golden pocket we pointed out last week. This is probably a buy though requires some patients as the price may continue to consolidate near these levels.

Possible Course of Action

  • Do nothing wait for continued consolidation

  • Could look to open a long here betting on this golden pocket

  • We wouldn’t recommend shorting since the price has already fallen so much

The Bulls’ Defense:

  • EIP-1559 has burned $5,035,686,739 (1,570,276 ETH) so far. Supply constraints should continue to have a positive impact on price.

  • Falling Wedge Pattern has Bullish Bias

The Bears’ Prosecution:

  • Continuation of multi-week downtrend and consolidation


Please don’t forget to like (heart button at bottom) and share this post!

Share this post

FG Cheat Sheet 012022

www.cryptofootguns.com
Comments
TopNewCommunity

No posts

Ready for more?

© 2023 Foot Guns
Privacy ∙ Terms ∙ Collection notice
Start WritingGet the app
Substack is the home for great writing