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FG Cheat Sheet 123021
www.cryptofootguns.com

FG Cheat Sheet 123021

Bitcoin rises 2.2% overnight

Dec 30, 2021
8
Share this post
FG Cheat Sheet 123021
www.cryptofootguns.com

Don’t miss last weeks private podcast!

Boomer and Hal are tired from a long year of trading. Listen to learn what a Bass Pro Shop is and how we are now DAO maxis.

Bass Pro Shops logo.png
Your Adventure Starts Here

Bass Pro Shops 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

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.

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.

Stan's Apple 26: Butterflies Welcome | Blue butterfly tattoo, 3d butterfly  tattoo, Blue butterfly

Crypto News

  • Don’t worry the one Bitcoin market participant is still participating : “MicroStrategy has purchased an additional 1,914 bitcoins for ~$94.2 million in cash at an average price of ~$49,229 per #bitcoin. As of 12/29/21 we #hodl ~124,391 bitcoins acquired for ~$3.75 billion at an average price of ~$30,159 per bitcoin. $MSTR”

  • Old man yells at Bitcoin: (epic burn if we may opine)

    Twitter avatar for @PeterSchiff
    Peter Schiff @PeterSchiff
    @saylor Imagine how much lower the price of #Bitcoin would be without your buying so many. Also, #MSTR is making it much easier for the whales who got in early to get out. Your latest buy was a Christmas gift to sellers. Given your obsession, it looks to be the gift that keeps on giving.
    1:24 PM ∙ Dec 30, 2021
    115Likes5Retweets
  • Christine Parlour Discusses How Investors in Crypto Can Stay Safe

  • Marathon Bought 78,000 Bitcoin miners for $879 million

  • Gas Fees on Ethereum Got You Down? There's a New Airdrop for That

  • How To Use SushiSwap With Ledger Device (SushiSwap With Hardware Wallet)

  • Introduction to EIP-2535 Diamonds

  • What BTC price slump? Bitcoin outperforms stocks and gold for 3rd year in a row


Twitter avatar for @BlockbusterDAO
BlockbusterDAO (📼,📼) @BlockbusterDAO
Our mission is to liberate Blockbuster and form a DAO to collectively govern the brand as we turn Blockbuster into the first-ever DeFilm streaming platform and a mainstay of both the Web3 brands and products, but a powerhouse in the future of the film industry. Read the 🧵👇
4:28 AM ∙ Dec 26, 2021
4,455Likes616Retweets

The Bass Pro Shops Bitcoin Outlook

If you’ve been following Bitcoin this month you are probably bored and disappointed. There’s only 1 day left in 2021 and Bitcoin is likely not going to hit $100k. Most likely it will just trade inside of this rectangle for a bit longer until everyone gets back to their trading desks in Q1 2022. MicroStrategy bought more so at least they aren’t selling! The price could take one more tap at the bottom of this box before retesting $50k for the 4th time.

Advice below is from Tuesday and still stands:

Possible Course of Action

  • If you shorted at $51k looks to sell between now and $45k

  • Pick up a long on a show of strength between $47-49k

  • Buying a breakout of this rectangle could be a good trade

The Bulls’ Defense:

  • The price holding above $46-$48k as support would be a show of strength and an indication that buyers have returned to the market

The Bears’ Prosecution:

  • Price was unable to breakout of rectangle. Could be a bull trap.

  • Multi-week downtrend could continue. $50k has been rejected multiple times. $40k would be next major support. Based on recent price action it’s possible $30k is wicked to again on some exchanges.

Earn Interest on your Bitcoin

ETH OUTLOOK

ETH has been holding this upward trend since July and is now losing steam. It looks like you could be patient here and wait for some more price consolidation. Of course if you can’t handle not owning ETH longing betting on a rise back to $4k could work. If you look at what happened when the price broke down in June, you could have shorted this but it would have been a bumpy ride with lots of fake out rallies.

Possible Course of Action

  • Do nothing

  • (From last week “If you want to short we’d recommend waiting for a failed retest of $4200” - if you took this short you should be looking to close it between now and $3500-$3700

  • Could look to open a long near $3450

  • Could also buy in if there is a show of strength above $3700 (← this appears to be happening)

The Bulls’ Defense:

  • EIP-1559 has burned $4,857,321,191 (1,305,047 ETH) so far. Supply constraints should continue to have a positive impact on price.

The Bears’ Prosecution:

  • Potential macro double top that could result in multi-week (or month) consolidation


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


The Bass Pro Shops Word of The Week

Fishing - “the activity of catching fish, either for food or as a sport.”

Two men fishing in boat
Experience the thrill!
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www.cryptofootguns.com
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