BTC might have a rough weekend ahead, the low of May 12th is looming as the next major resistance.
Making some popcorn to watch the show, with ETH, sucking the liquidity out of Bitcoin as it charges ahead into the merge. But the sell at ETH’s peak will be epic, and then it’ll transfer back into Bitcoin. (S.W.A.G.) not Financial advise!
Let’s get to it:
Blackrock (with a $12 Trillion under management)
Just signed a deal to use coinbase’s #COIN custody and industrial services….
The yellow trend line is from March’s high and had not broken, until recently.
We are seeing accelerating job loss(in the USA), this is likely to affect the next rate hike… in September.
We are believe it or...
I think our next stop for Ada is at $3.20 and within a few days.
Catalysts include
*Ada’s mainnet goes live sep 12th (Buy the Rumor, Sell the news-not financial advice)
* Their foundation is pushing decentralized hosted in multiple city’s around the world.
Well we are definitely in a descending channel, it looks like support will be at 1.10 and 0.98.
The possible hopes that CME tends to open by trading opposite of the weekend sentiment and the USA gov looks poised to do another stimulus round this fall.
With the whole crypto space losing steam I doubt Ada’s main net launch will be able to break $1.50 before...
Despite the floundering in the top 20 cryptos, shib has be steadily growing!
I would love to see this pattern continue for a while!!! Bitcoin has been more bearish the past few days, but shib hasn’t been very corollary… something to watch IMHO. #NotFinancalAdvice
