Market Analysis π : These levels are crucial for Bitcoin π
S&P 500 could spoil the Up-tober crypto party, watch out for these levels!
GM Fam π«Άπ»
It's your boi Crypto Jargon back with the only newsletter that'll keep your portfolio pumping while the market's dumping. π
For this week, we bring you the analysis of
Bitcoin
Ethereum
S&P 500
Alt Coin MarketCap
Solana
Let's dive into the charts and see what the charts have to say:
πͺ BTC Bounces Back
The king of crypto pumped hard late Sunday, rising ~3% after some mixed news on weekend.
SEC didn't appeal the GBTC to ETF verdict.
Shorts got rekt to the tune of $40M liquidations.
BTC harmonizing with gold's gains too.
The charts be looking juicy:
Support: $24.8K - $25.4K
Resistance: $28.1K - $28.4K
But keep the longs in check, funding rate is looking thirsty AF for a squeezeπ¨
π¦ ETH Falls Under $1600
Ethereum slumped 22% since August while BTC actually gained 8%. Ouch!
In the weekly, we spy a falling wedge forming. π»π»
Daily showing signs of life with a pump towards $1628 on deck. πͺ
π SPX Setting Up for Breakdown
The S&P 500 is following our previous T.A. and looking primed for huge damage. This is not good for crypto either since BTC facing resistance as well, agh!!
πΈ ALT Market Cap Descending Triangle
A move is about to get squeezed out hard in the weekly.
Daily says upside towards $530B before we drill lower. Buckle up!
βοΈ SOL Battles Resistance
Solana bounced right off the golden fib and now facing heavy resistance at $22.8 - $23.5.
A break above and we could see a bullish flip, but keep them stops tight for now fam.
NOTE
This newsletter provides cryptocurrency insights for informational purposes only. Cryptocurrency investments carry risks, and it's important to do your research before making any financial decisions.