Foot Guns

Share this post
FG Cheat Sheet 101421
www.cryptofootguns.com

FG Cheat Sheet 101421

Bitcoin rises 2% over night

Oct 14, 2021
7
Share this post
FG Cheat Sheet 101421
www.cryptofootguns.com
Don’t miss this weeks podcast where Hal and Boomer discuss where crypto markets are heading.

CHEAT SHEET

Red = Bearish, Green = Bullish, Brown = 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

Red = Bearish, Green = Bullish, Brown = 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.


Polymarket is the world’s leading information markets platform where you can trade on a variety of markets – politics, crypto, and more – all on the blockchain.

Sign up with referral code “footguns” to get up to $100 reimbursed on your first day of trading! Click here to get started: https://polymarket.co/footguns


Crypto News

  • BADGER is now tradable on coinbase pro

  • US becomes world's largest bitcoin miner after China crackdown

  • Vladimir Putin Says Crypto Could Possibly Serve Role as Settlement Unit

  • Bitcoin could trigger financial meltdown, warns Bank of England deputy

  • Mark Cuban says Ethereum has the ‘most upside’ as a crypto investment

  • Coinbase announces they will launch Ethereum NFTs


Bitcoin Outlook

It looks like BTC wants to go and retest the ATH high. We suggested on Tuesday a short down to $53-$54k could work and that seems to have played out. The price could retest the top of this rising channel one last time before heading to retest the ATH.

Possible Course of Action

  • Stay long if long.

  • The weekly bias and monthly bias are bullish so dips could be a good time to accumulate

The Bulls’ Defense:

  • Short term price rally has strong momentum

  • Break out from bull flag

The Bears’ Prosecution:

  • Price could fail to break ATH and form a macro double top

Share


ETH OUTLOOK

ETH has joined BTC for this breakout. Though, ETH is now picking up the pace and trying to catch up to BTC’s percentage gains. Expect some consolidation at $4000 before making a push to retest the ATH. It is also possible ETH cannot push past $4000 and forms another macro higher low. This would results in a return to $2500 for another retest of support.

Possible Course of Action

  • Stay long if long.

  • Once Tuesday we said, “Get long on a break out to the upside”, so yeah that’s probably what you should be doing.

The Bulls’ Defense:

  • EIP-1559 has burned $1,775,352,694 (528,673 ETH) so far. Supply constraints should continue to have a positive impact on price.

  • Break out from symmetric triangle.

The Bears’ Prosecution:

  • Stall out at $4000 due to Big Round Number could form another local top.


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


Share Foot Guns

Share this post
FG Cheat Sheet 101421
www.cryptofootguns.com
Comments

Create your profile

0 subscriptions will be displayed on your profile (edit)

Skip for now

Only paid subscribers can comment on this post

Already a paid subscriber? Sign in

Check your email

For your security, we need to re-authenticate you.

Click the link we sent to , or click here to sign in.

TopNewCommunity

No posts

Ready for more?

© 2022 Foot Guns
Privacy ∙ Terms ∙ Collection notice
Publish on Substack Get the app
Substack is the home for great writing