FG Cheat Sheet 100521
Bitcoin rises 2% over night.
Don’t miss this weeks private podcast where Hal and Boomer discuss the outlook for crypto markets.
What We Are Watching
We further breakdown our case for these cryptos here : What We Are Watching
This is what we said Sept 30th about MATIC
The risk/reward on MATIC is looking good. If the supports hold that’s a 10-30% gain before hitting the resistance levels (the price was at $1.12).
Are you seeing how to use the cheat sheet?
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.
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Did you do your homework? Do you remember what we said last week?
Open a long on a break out to the upside of the wedge pattern.
Have you heard that phrase, “TA is astrology for rich white men.”
Mercury entered retrograde Sept 22 and that ends October 18th.
Bitcoin is at $50k, READ our article : #25 It’s Over 9000!
ETH has broken out from this falling wedge pattern and is now consolidating near the 0.618 Fibonacci retracement level. The price is consolidating and appears to be forming a potential bull flag. The price should continue to move higher off of this consolidation.
Possible Course of Action
Stay long if long.
Get long, stops at $3300.
The Bulls’ Defense:
EIP-1559 has burned $1,457,093,319 (438,889 ETH) so far. Supply constraints should continue to have a positive impact on price.
Break out from falling wedge.
The Bears’ Prosecution:
Stall out at $4000 due to Big Round Number could have formed a macro double top.
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