Crypto Breakdown

Episode Summary

Today On Crypto Daily:

You asked we answered! Which Is Better? Investing In Bitcoin ETF or Bitcoin? 

• Bitcoin
• Bitcoin ETF
• Ethereum
• DOGE
• MATIC

Questions? Ask at [email protected] and we will answer!

Hosts:

Joe Dewitt Follow at: https://twitter.com/metabitz

Crypto Heat Map

Subscribe to our Benzinga Crypto Youtube Channel

Subscribe to Moon or Bust Podcast

Past Episodes of Daily Crypto

Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.

Unedited Transcript:

Everybody happy Tuesday morning. My name is Jody wit and this is crypto daily. Bitcoin continues to hold strong price action. Still above that 58,000 looking to re contest for that all time.

Considering we just broke all time highs a few days ago and all of this hype with the new Bitcoin ETF out, expect us to revisit that all time high and no time. And regarding Bitcoin, I'm going to go ahead and answer a question that we have here. Uh, what is the difference between the Bitcoin ETF and actually trading Bitcoin itself?

Um, keep in mind that Bitcoin ETF actually mimics the price of Bitcoin. Um, it allows investors to not have to use complex storage like hardware, wallets, or cold storage. But the key takeaway is that you were investing in Bitcoin through an institution and you're not actually buying the asset itself.

This is handy for institutionalize. This is very handy for institutional investors. Um, as it's much easier for them to trade an ETF without having to actually store Bitcoin for security purposes. But for your everyday trader, um, physically trading Bitcoin is a much safer option as it actually provides you with the asset itself and not just mimicking the price, taking a look over at a theorem.

Ethereum looks great that candlestick yesterday that we were discussing actually slightly broke out of that consolidation currently sitting at $4,180. I would expect us to continue heading up towards that all time high of just about 43, all time high of about 4,400. If Ethereum can not get to this volume coming in and we start losing momentum here, price will fall down to that 4,000 level support price.

We be down to that 4,000 level support for a bounce off of. Taking a look at doge coin, doge coin looks better and better every day. It is uptrending price has established those higher lows, which looks like we have reversed the trend to a bullish trend. Considering we have been accumulating lower lows throughout the past couple months, we just switched to higher lows price has gotten above that 50 day.

Moving average, we are touching that 200 days resistance. If price action can break out of this consolidations. It would not be surprising to see those coin up towards 30 cents. If price continues to consolidate and we get rejected from this 200 day moving average, we will be falling back to towards that 20 cent zone and guys quickly.

I'm also going to take a look at MADEC. MADEC being a side chain for Ethereum to scale and process transactions. Um, it is looking great up to seven and a half percent just this morning. Also establishing those higher level. Uh, price currently above both the 50 day and 200 day moving average, just touchdown for support.

And we are taking off from there. It looks like we are trending in the upwards direction of a target of almost $2, which would be absolutely fantastic for MADEC that's all the time we got today, guys, thank you so much for tuning in, make sure to follow us and subscribe to our podcast, which will all be in the description below.

Thank you. Quickly. I just want to say that this is not financial advice. I encourage everyone out there to please do your own research before investing in cryptocurrencies, as they are very volatile assets.

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Episode Summary

Today On Crypto Daily:

You asked we answered! Is It Too Late To Buy Ethereum?

• Bitcoin
• Ethereum
• Dogecoin
• Solana

Questions? Ask at [email protected] and we will answer!

Hosts:

Joe Dewitt Follow at: https://twitter.com/metabitz

Crypto Heat Map

Subscribe to our Benzinga Crypto Youtube Channel

Subscribe to Moon or Bust Podcast

Past Episodes of Daily Crypto

Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.

Unedited Transcript:

Hey everybody hope you had a wonderful weekend. My name is Joe Dewitt, and this is crypto daily. The us securities and exchange commission just approved Valkyries Bitcoin ETF last Friday, which was publicly traded on the NASDAQ us securities and exchange commission approved Valkyries in.

Bitcoin ETF that is being traded on the NASDAQ on that was approved last Friday. Bitcoin price movement has been great. Um, we came down to that 61 60,000 area we've been bouncing in there for two or three days. Um, price has been stagnating. We've been coming down from that all time. High people are hesitant.

We're trying to figure out if this is the play or not. Um, overall Bitcoin sentiment is good. If we can get back to that 64,000 levels zone, the bullish trend will be, um, will be verified and we'll be up to new all-time highs looking to target around 80,000. And if we stay in this zone, Bitcoin will most likely fall down to that 58 for a retest taking a look over at Ethereum, Ethereum looks to rally behind Bitcoin.

It is yet to push that all time high. Uh, we've been consolidating and the upwards direction actually, uh, for about 1, 2, 3, 4, 5 days now, um, bouncing between that 4,000 4,100, ideally we break out of this consolidation and head up to that 4,300, uh, area and break that all time high. Um, it will be dependent on Bitcoin price movement.

And if we can, uh, get back to that, that resistance level, um, if not a theorem is going to be falling to the support of 4,000 and potentially below to the 50 day moving. And I want to go ahead and answer a question that we have here. Um, is it too late to buy Ethereum? Keep in mind guys, this is not financial advice.

Just my opinion. Uh, it is absolutely not too late to buy Ethereum, considering that it is the most prominent layer one solution, um, very, very reputable, and they have not switched yet to their proof of stake mechanism. Um, considering that that is yet to be done. There is still plenty, plenty of room for growth with Ethereum, um, in years to come.

Also the amount of decentralized applications being built on the Ethereum network show. Absolutely no sign of slowing down. I'm out. I expect developers to continue building on Ethereum for quite some time. Now, taking a look at doge coin, doge coin looks a lot better than it has been. Um, it looks like price could begin to start moving.

We were bouncing off of that 50 day, moving out. Yesterday. We actually had a slight breakout from the 24 cents up to that 28 cents. Nothing crazy, but bouncing between that 50 a day, moving average to that 200 day moving average, we'd Scott stopped right there that 200 day using that as resistance and today price has been down 5%.

Uh, we'll be looking back to that 50 day, moving. If we can bounce off their, up, back to 25 cents and taking a look over at Solano, Solano looks absolutely incredible. Um, this is an absolutely textbook chart. It bounced off of that 50 day moving average. Um, this was the 21st. So that was Thursday since then.

Price has climbed above a resistance of 1 74. Uh, we have bounced up past that range into the one eighty five, two hundred and fifteen zone price. Got up to an all time high, just barely touching that $215. Just shy a couple of cents of the all time high. We are currently sitting at $208. Um, by the look and momentum of this chart out, expect us to, uh, break that all time high in a matter of just a few days, if not price, we'll bounce off of that two 15 resistance, and we will target back to the $180 zone.

That's all the time we have today. Guys, thank you so much for listening. Make sure to follow and subscribe to our podcast, which will all be in the description below. Thank you so much. 

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Episode Summary

Today On Crypto Daily:

You asked we answered! Should You Sell Your Bitcoin?

• Pivotal Point for Ethereum
• Walmart to install Bitcoin ATMs in US Stores

Top 3 NFT Projects To Watch:

• CryptoPunks
• BAYC
• Mutant Ape Yacht Club

Questions? Ask at [email protected] and we will answer!

Hosts:

Joe Dewitt Follow at: https://twitter.com/metabitz

Crypto Heat Map

Subscribe to our Benzinga Crypto Youtube Channel

Subscribe to Moon or Bust Podcast

Past Episodes of Daily Crypto

Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.

Unedited Transcript:

Hey everybody. Happy Friday. My name is Joe Dewitt, and this is crypto daily. Taking a look over at Bitcoin Walmart. The world's largest retail giant has reportedly started testing a Bitcoin ATM services.

Their plan is to have 8,000 kiosks in their American stores regarding price. Um, it looks really good at the. Uh, we got that all time high just a few days ago and we just had two days of consolidation. If we can close today's candlestick is a green, I we'll be heading right back up towards that. All-time high of about 67.

if not, we'll consolidate downwards into that 58,000 levels. And I'm going to answer a common question. We get here at Benzinga is Bitcoin in a bullish or bearish zone? Keep in mind guys, this is not financial advice, just my personal opinion, but I would absolutely say it that Bitcoin is in a bullish zone.

Uh, considering we just broke all time highs. It's not strange to see a little bit of consolidations in the downward direction. Um, that is very common, but I would expect us to break out of that and start trending upwards in the direction. Getting back up to that 75,000, maybe 80,000. Um, if this were to be a bear zone, we'd fall below that 50.

And make our way back towards 50 K, but I did not see that being the case at all, taking a look at a theorem. Ethereum is 2% down on the day. The chart is looking great. Although I would like to see us break out of this little bit of consolidation here, a little bit of hesitant price movement, as we approach that all time high.

If Ethereum can approach that all time high would be amazing. And we'll look to push above that 43 50 level. Uh, if not a theorem will be falling to that 3,900 zone and potentially below to that 50 day, moving average, putting us at around 3,600, taking a look over at Solano. Solano actually had an amazing breakout.

It was forming a descending wed for a matter of weeks. It was also riding that 50 day, moving average as we've been discussing. And it completely bounced off of that with three amazing green candlesticks, we are currently up to $204 from its previous 155. Um, it is looking amazing. We will be touching that all time high.

If we continue this trend by, uh, this weekend, um, current all-time high of around $216. If we get rejected from. We will most likely fall into that $200 zone back down to 180.

And today, guys, I want to do a special little feature where I'm going to talk about the top three NFT projects today. The first NFT I would like to discuss would be crypto punks by larva labs.

They are currently 20% down on 24 hour volume. The total collection value is estimated to be 2.2 billion with the volume of 560,000 Ethereum in the collection. This is a very prominent collection, many celebrities and famous figures have invested in the collection. It is the first NFT project to be launched and popularized.

It is going to stick around for a while here, considering that it is related to Bitcoin and to the defi mark.

The second NFT project I'm going to take a look at is going to be bored ape yacht club. Uh, they are 32% down in the day, but keep in mind guys that these numbers vary quite often as they're very, very volatile NFT, um, markets like to go up and down very, very quickly, but the, uh, board ABL club is another very, very promising project.

They have about 200,000 a theory them, uh, and their project a little over 5,000 owners. It is a very, very awesome project.

And the final NFT project I want to talk about is going to be mutant API club, which is a variant of the board apes. Um, their trading volume is sitting at 90,000 a theorem and the collection.

They have just about 10,000 owners with a floor price of 3.6, Ethereum. This is another awesome, awesome collection. Uh, they look really, really cool, and it is a very, and for people out there who can not afford a. Price board ape. That's all the time we have today, guys. Thank you so much for listening. Make sure to subscribe to our podcast and follow me on Twitter, which will all be in the description below.

Have a great weekend. 

Support this podcast at — https://redcircle.com/crypto-daily/donations

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Episode Summary

Today On Crypto Daily:

You asked we answered!

What's happening with Ethereum?

• Levels and signs to watch for Ethereum all time high

Do not make these 3 mistakes when buying cryptocurrency:

• Overleverage
• Stick to one coin
• Panic Sell at dips

Questions? Ask at [email protected] and we will answer!

Hosts:

Joe Dewitt Follow at: https://twitter.com/metabitz

Crypto Heat Map

Subscribe to our Benzinga Crypto Youtube Channel

Subscribe to Moon or Bust Podcast

Past Episodes of Daily Crypto

Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.

Unedited Transcript:

Hey everybody. Happy Thursday. My name is Joe Dewitt and this is crypto daily. Getting straight into it and taking a look over at bit point.

Guys, we got above that all time high, which is absolutely amazing. This is a huge, huge turning point for Bitcoin. Um, right now we're sitting at. 64,000, um, just shy of 65. We hopped up above that all time high yesterday, and today we're having a little bit of a red candlestick. We were actually riding at that all time high support level right now.

Um, if we can hold that today, we will come back up and hopefully reach into that 70,000 zone. Um, if not, we're going to fall back down into that zone. We were just in. Um, battling for that 60 62, 60 3000, although Bitcoin sentiment. Um, it seems very, very bullish. I would expect price to continue rallying taking a look at a theorem.

Ethereum is looking amazing. Um, although it did not handle all time highs as well as Bitcoin. Uh, with this daily candle stick, we have touched all time highs, but we quickly got rejected. Um, that candle stick is looking like a Doshi now. So depending how that closes. Um, we will be able to tell which direction we are heading overall, though.

It has been facing a great run. We are at a third higher, low, so, um, if we can get this candlestick closing a little higher, um, it should be a great sign for theory, and we should be able to break that all time high. No. Moving over to doge coin, doge coin is looking fine. It's still above that 50 day, moving average, somewhat consolidating.

Um, if it can break out of this, which is ideal in the next few days, and we could get a little run through that 35 sentence zone. Um, if not, we're going to be falling down to that 15 cents, but only time will tell is we're still balancing between that 5,200 day moving average. And today, guys, we're going to take some time to talk about a very common question we get here.

Uh, what are some mistakes when investing in cryptocurrency? So the first one I'm going to discuss is overleveraging, um, I like to tell people, please don't invest more than you are willing to lose. Um, crypto should be about diversifying. So diversifying your portfolio into multiple coins, not just going straight into one, um, there's no problem with buying a coin or token if you like it, or if you like the token Onyx or whatever.

Um, although keep in mind, if you want to be a successful trader and investor that the. Uh, diversified your portfolio is the safer that your investments are going to be. And the third thing I really like to tell people, guys is don't panic sell, um, familiarize herself with market structures, know where we are in cycles, and it really, really helps to not panic sell at a downtime.

Um, you can lose lots of money this way. People, lots of people tend to panic, sell at bottoms and familiarizing yourself with market struggle. Although you may not have the time, whether it is a screener or an informational video may help you make some money along the way and not just sell out at a loss.

That's all the time we've got today. Guys, thank you so much for tuning in. Feel free to subscribe to our podcast channel with all the description below. Thank you guys.

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Episode Summary

Today On Crypto Daily:

You asked we answered!

• Bitcoin hits all time high!! BTFD - Buy The F***ing Dip -
• Floki Inu- Should You Buy it?

Hosts:

Joe Dewitt [email protected]

Crypto Heat Map

Subscribe to our Benzinga Crypto Youtube Channel

Also listen to the Moon or Bust Podcast

Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.

Unedited Transcript:

Happy Wednesday. My name is Joe Dewitt and this is crypto daily. So first thing we're going to talk about today.

Bitcoin Valkyries Bitcoin ETF is predicted to go public later this week. Um, they actually changed their ticker name to BT F D, which means by the fucking dip. So it seems like Valkyrie is pretty bullish on overall Bitcoin. Their price action is looking amazing. We are 3% up on the day of sitting just above 64,000.

Um, we're hitting that resistance zone of an all time high, um, looks like we're going to get above that today, um, which is going to be absolutely fantastic. And I would also like to answer a common question. We get here. Is it too late to buy Bitcoin? Now keep in mind. This is not financial advice, just my personal opinion, but it is absolutely not too late to buy Bitcoin.

I would say. Um, we were approaching that all time highs zone. And as we get above that, we will see a nice Bitcoin rally taking a look over at a theorem. Ethereum is 2% up on the day. We're sitting at $3,900. We are coming back up to that 3,980 zone. Um, if we can get above that, we'll be battling for that all-time high.

If not, we'll come down and touching that 50 day, putting us at about 50 30. Over to doge coin. Doge coin is staying above that 50 day moving average that we have been discussing. It has not fallen below it yet. Um, it has been consolidating slightly yesterday's candlestick did close as a doji. So as we discuss that means price action opens and closes it a similar, or if not the same price.

Um, today, today we were sitting at that 24 cents, um, consolidate and candlestick. There was not much movement I would expect, uh, if this continues to go on, we'll probably fall below that 50 day heading back to the 20 cent area. And finally, guys, I'm going to talk about Floki enou a very popular coin recently Floki is working on a few different utility projects.

Um, they're working on an NFP gaming metaverse, which they are going to call about. Um, as well as an NFP merchandise marketplace known as Floki places. And they're also working on a content and education platform, which they will call Floki university as the project continues to develop, and we start to see some resources getting allocated towards these utility projects.

Then we can, um, start to evaluate the, uh, the value of the price. But right now, considering it as all speculation, um, just, just be careful going in. Floki. That's all the time we have today, guys. Thank you so much. Make sure to like, and subscribe our podcast. Crypto daily. Send me an email. If you want me to talk about any coins, which will all be in the description below, have a good one.

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Today On Crypto Daily we look at the top 3 coins with future growth potential:

• MATIC
• POLIS
• LINK

Hosts:

Joe Dewitt [email protected]

Crypto Heat Map

Subscribe to our Benzinga Crypto Youtube Channel

Also listen to the Moon or Bust Podcast

Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.

Unedited Transcript:

Hey everybody happy Tuesday morning. My name is Joe Dewitt and this is crypto daily. Let's jump straight into it. Taking a look over at Bitcoin Bitcoin continues to look strong.

It is breaking out of that really small little consolidation. It had, um, heading up to that 65,000 levels zone. Um, I'd expect us to get there in a matter of a few days. Um, if not, we'll bounce down to that 58 with a target, getting back up to that 65 over to a theorem, we were up 2% on the day chart is looking great.

Although we did come down for a little short term, double top, we touch that. 39 70 and we were coming back down to consolidate in that zone. Um, if we dropped down any lower, we'll touch that 50 day moving average at about 3,500. And then back up to that 4,000 zone. Now, taking a look over at doge coin, doge coin, as we've been discussing has been riding that 50 day.

Moving average yesterday, we hopped above that moving average, touching that 200. Today we have formed a little Doji, which of you are unfamiliar. A doji is just a candlestick. That price has closed and opened at the same time. Um, it is yet to be confirmed for this daily, uh, stick to close, but if it closes at a doji, that would be a bearish sign and we will be hopping below that 50 day.

Moving average, if it can, if price can get above that, uh, 25, 20 6 cents. We'll be looking at an upwards trend heading up to that 200 day, moving average at 30 cents. And today we're going to do a little section where I'm going to talk about the top three coins with the most growth potential, and the first token with the highest growth potential we're going to talk about would be star Atlas, ticker POLIS star Atlas is a decentralized play to earn game that is being built on the Solana network.

It is one. Away from launch on they're still in the process of building the game. Although the community is very, very large. The market cap right now for policy is sitting at about $160 million. So for a game that's not even fully developed yet. Um, it has a lot of room for. And considering the future of play to earn games, it can be a very, very promising project.

The second token that I believe has the most room for growth would be polygon. Ticker MATIC polygon is a layer two solution that provides a scaling for Ethereum. It reduces the cost of different transactions on the next. It's an awesome, awesome layer to, uh, it's going to be very beneficial for Ethereum is they're yet to roll out their theorem 2.0 and switch to proof of stake.

So in the meantime, MATIC has amazing room for growth. Its current market cap sitting at about 10. And the last token I believe has the highest room for growth would be a chain link. Ticker link chain link is a decentralized Oracle network, which means they provide data for blockchains. So block a lot of blockchains are unable to receive data from the outside world in different.

So chain link partners with all of these blockchains to bring them data. Um, chain-link is a very, very important feed that people like to often overlook. I think within the development of chain-link is going to grow. It is very undervalued now sitting at about $26 on the market cap at 11, 11 million. Um, there is plenty of room for growth here.

Even if it went to 30 million, 40 million, that's still putting us around 70, $80, um, which is not at all an unrealistic growth. Thank you guys so much for tuning in. Feel free to shoot me an email. If you have any suggestions on tokens to cover and make sure to follow me on Twitter, that'll all be in the description below.

Thank you guys. Quickly. I just want to say that this is not financial advice. I encourage everyone out there to please do your own research before investing in cryptocurrencies, as they are very volatile assets.

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Is Dogecoin due for another breakout?

Market sentiment for Bitcoin?

Episode Summary

On today's Crypto Daily we talk about the following coins:

• Bitcoin
• Ethereum
• Solana
• Dogecoin

Also we look at the top 5 coins you should have in your investment portfolio:

• Bitcoin
• Ethereum
• Solana
• Chainlink
• AXS

Hosts:

Joe Dewitt [email protected]

Crypto Heat Map

Subscribe to our Benzinga Crypto Youtube Channel

Also listen to the Moon or Bust Podcast

Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.

Unedited Transcript:

Happy Monday morning. I hope you all had a wonderful weekend. My name is Joe Dewitt and this is crypto daily.

So let's jump right into it. We're going to start off taking a look at Bitcoin. Now, Bitcoin, since we last talked has been looking great, it has been consolidating in that price zone of 61,000. Um, it has been moving. 61 to 62 area for about four days now. Um, we're bouncing in that zone of 58,000 to 65,000, trying to get up to that all time high.

Um, it is more than likely that we will come down and retest that 58,000 before we come up to that all time high. If buyers, if the bulls get enough momentum, we could see that all time high in a matter of a few days, realistically though, we will see that short term correction overall market sentiment on Bitcoin is very, very bullish.

Right now. People have noticed that. The overall market sentiment on Bitcoin now is currently very bullish. People have started to notice that it is going to rally and as volume comes in, we should expect Bitcoin price to move. Moving on over to a theory of Ethereum price is down 3% this morning, we've got a current price of 3,743.

Um, the chart here looks fine. It looks like we just came down from that 4,000 level zone. We touch that with a candlestick, uh, was that two days ago on Saturday. And now we're coming back down to that 36 50 price zone. Um, if we. If bulls could come back there with a little bit of volume, a little bit of by buying volume, and we can see that come back up to that 4,000 level area and then battle for that all time high of around 44.

If we don't see that buying pressure, we could fall down to that 32 level potentially even fall below that 50 day moving. Um, falling below that 50 day, moving average would put us at around 3,300 and then we'd be battling for that 200 day moving average as our lowest level of support. They're taking a look over at Solano.

It has continued to ride out that 50 day moving average. We've been using that for support for about seven days now. Um, we are also, uh, forming a little, uh, mid, mid to short-term descending wedge. So I would expect us to be breaking out of that within the next three to four days. Um, if we cannot break out of that wedge or we break out and the downwards trend will be falling below that 50 day, moving average of one 50 and coming down to that 200, putting us at around 65, $70.

Um, ideally we break out of that when we get into that 175 to that two 15 zone, and we bounce off of that 1 75 for support, and we get up to. 1 95 area. The Solano sentiment in the market has been quite bullish as it provides. Great opportunities for developers is a theorem is yet to switch to its proof of stake.

The NFT market on salon is quite saturated right now as developers flock to the network. Um, soon we should expect to see a small hole back. Projects on the salon network. Now finally taking a look over at doge coin. Doge coin looks amazing. Actually, since last time we talked, it was battling that 50 day moving average, since then on this daily candlestick, we hopped above that 50 day moving average wedged ourselves between the 200 day in that 50 I'm in a little volatile zone.

There, there are a couple of ways this could play out on the bear side. We could fall below that 50 day moving. Heading to our current support around 15 cents. Um, obviously we'd probably bounce off of that and, and float into the 25 cent area. Um, I don't see it falling below that 15 cents anytime. And the bullets, uh, stand, we get above that 200 day moving average.

We make our way to that 35 cent zone of resistance. We battle for that. Ideally we hop on over or we come back down for a little bit more of consolidation in the mid to short-term dose coin looks fantastic. It looks like it is ready to pump. We had our first higher, low, and actually quite some time here, there's been a good amount of lower load.

That is usually a nice bullish sign there. And we can see a higher, low beginning to develop. The only thing that concerns me with those is that the RSI is at around 65% putting us, um, almost over overbought, which would bring down the price a little bit. So ideally we'll probably get to that 30 cent area before a slight correction, maybe a little bit of consolidation.

Before we get back up to that 35 cents zone. And now we're going to do a little bonus section where I'm going to talk about my personal opinion on the top five coins. Right now, top five coins for me would be Bitcoin Ethereum Salana chain-link and AXS. So my reason being all good investors have to diversify Bitcoin and Ethereum being large market cap, cryptos.

They are very safe. Um, they are expected to appreciate they're well-established. Those are good at cryptos to invest in. Solana because it is an emerging layer, one solution, um, it blows transaction speeds out of the water. And as developers continue to use it, price will continue to increase. I chose chain-link because I believe Oracle networks are very, very undervalued in this industry.

If you were unaware, Oracle networks provide data for blockchains. This is something that people often overlook and chain link partners with many cryptocurrencies to provide data for their chains. Um, without chain link, there would be a. Lot of tokens and coins that would not exist today. Finally, I chose AXS because of the growth potential of Axion infinity.

I believe it is an amazing game and it is absolutely revolutionary being the first play to earn game, to actually gain traction like this. It is absolutely changing people's lives and I can see it doubling if not tripling in market cap within the perceivable future. That's all the time we got for today, guys.

Thank you so much for this. If anyone has any recommendations for coins, please just shoot me an email at [email protected] Thank you guys, and have a nice day and quickly I just want to say that this is not financial advice. I encourage everyone out there to please do your own research before investing in cryptocurrencies, as they are very volatile assets.

Support this podcast at — https://redcircle.com/crypto-daily/donations

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Today LIVE FROM NEW YORK! BENZINGA CANNABIS CAPITAL CONFERENCE

Watch here

Episode Summary

On today's Crypto Daily we talk bout the following terms

• Support Level
• Resistance Level
• 50 Day Moving Average
• 200 Day Moving Average
• Golden Cross
• Bullish Golden Cross
• Bearish Golden Cross

We also look at key support and resistance levels for the following coins:

• Bitcoin
• Ethereum
• Solana
• Dogecoin

Hosts:

Joe Dewitt [email protected]

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Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.

Unedited Transcript

Hello everybody happy Friday morning. My name is Joe Dewitt and this is crypto daily. Before we go ahead and get started, I just want to go ahead and go through some basic terms that we're going to be using in some of our next podcasts.

So levels of support and resistance. Levels of support pretty much describe a price where we've struggled to get below in the past. So if I point out a level of support, I means I am pointing out a level where we have struggled to get below and recent cycles. Resistance applies the same thing, just the opposite.

So resistance levels are price action that we struggle to get a above. So we're talking about a term of resistance is going to mean a price action that has been hard for us. Get above in the past, we also have the term consolidation. So when talking about something that's consolidating, that means price action is becoming less volatile.

So price is starting to move in a squeezing form, starting to consolidate as people become more into. And our last term for today being the golden Macross when discussing a golden cross, it is a 50 day moving average with a 200 day moving average. If you were unfamiliar with those moving averages, all they are is a 50 day would be a 50 days of price action averaged.

That is plotted at that point. Um, very simple. So a 50 day and a 200 day, and the golden cross is any point that they cross. So the 50 day on top of the 200 day, it would be considered a bullish crossing. And the 200 day above the 50 day, it would be considered a bearish crossing, jumping straight into it, taking a look at Bitcoin price action.

Since yesterday, when we talked, Bitcoin was testing that 58,000 level of resistance. Today, we hopped up above that level of resistance and we are looking to close this daily candle, stick above this level. If we can close above this level, that'll be a very, very bullish sign. We will be in that zone, that zone of 58,000 to our all time high of around 65.

If we can look to close above this, this would be, um, an 11 hours. His candlestick is closing. So that is going to be a huge help for us coming down from there. If we get rejected, we're going to be bouncing back into that $52,000. And looking to touch down on that 50 day, ma for some support. Now, moving over to a theory from Ethereum looks really good.

It has a price target of about $4,000 as we move up towards that level of resistance. We just previously consolidated for a couple days, um, touching down in that 50 day, moving average and touching our previous support of $3,200. That was a huge level of support for us here as it was resistance term support.

Um, we bounced off that. We're looking to our $4,000 price range, which is going to be one step before our all time highs zone, that zone of around 4,000 to $4,400. That's on, there is not going to be as volatile as this zone that we are currently in. And that's going to be a zone of consolidation as we battle for an all time high.

So usually all time high zones are going to be. Zones of consolidation. This is primarily due to struggling getting above that all time high, because that is establishing a value of this crypto at a completely different point than it was previous. So that is obviously something we should be weary of. So that, so that's on there, the 3,900 and the four one.

300 is going to be a zone of consolidation for us. We can expect usually battling in all previous, all time high is going to be a struggle, um, as we look to, you know, break above that price point. So we can expect there. If we get above this line of around $4,000 to see a bit of consolidation, if we get rejected there, we're going to be coming down heading towards that 50 day.

Moving average, most likely putting ourselves at around 3,600, not taking a look over at Solano, the salon of chart today. It looks quite interesting. Our daily candlestick bouncing off of that 50 day, moving average, we've been consolidating on that line for a number of days. Um, bouncing off there to our target of $175.

If we can get that target, um, get above it, we will get to a zone of that 1 75 to two 15, putting us at an all time high of solar. If we get rejected from the zone, we're going to be bouncing back to that 50 day. Moving average, putting us at around $160. I'd expect us to get above this line, considering salon and momentum right now with the volume coming in.

If we can not clear this level, we're going to bounce off and come back down to the 50. Then clearing to the 200 day moving average, putting us at around a hundred dollars. Finally now moving over to dos coin. Doge coin continues to consolidate the stays below this 200 day. Moving. And this 50 day moving average, we just got a flag for a cross on the 4th of October, which means the 200 day moving average is a BOV the 50 day moving average.

Um, we are currently just sitting on that 50 day. Moving average is a level of resistance. So we are just right below it. Price action can get right above that level. That 50 day moving average, we will be volatile bonds in between that 50 day and 200 day moving average, if not, if we cannot get above that, we are going to fall back down to our current level of support of 15 cents.

Um, just around that level, if we touched down on that 15 cent mark, I'd expect us to come back. Consolidate in that zone. If we test that level and we fall below it, it looks like we're going to go to a support level of around 8 cents, but that is still a while away for us. Thank you for tuning in to Benzinga his newest podcast, crypto daily.

I hope everyone has some wonderful weekend plans in store. Get some time with some family. Um, if anyone has suggestion on any crypto that they want me to look. Please email me, Joe [email protected]. That would be wonderful. And we can get a little analysis going in one of our future episodes. Thank you so much for listening and have a wonderful day.

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Episode Summary

On today's Crypto Daily we look at key support and resistance levels for the following coins:

• Bitcoin
• Ethereum
• Solana
• Chainlink
• AXS
• Dogecoin
• Shiba Inu

Hosts:

Joe Dewitt [email protected]

Crypto Heat Map

Subscribe to our Benzinga Crypto Youtube Channel

Also listen to the Moon or Bust Podcast

Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.

Unedited Transcript

Hope you're having a wonderful Thursday morning. My name is Joe Dewitt, and thanks for listening to Crypto Daily.

We're going to go ahead and get started off with Bitcoin here. Bitcoin has been making. Fabulous run. It looks like prices starting to finally move. We just tested a previous support level of 42,000 and we are targeted at 58,000. Now this resistance level of 58 is very key to us. We tested that all the way back in February.

Tested it again in March, and then we tested it a third time and may, um, that is going to be a very strong resistance level for us. If we can get up above that resistance level, I would expect us to a battle for our all time high of around 65,000. Um, we will be consolidating in that zone for quite some time.

If we get there, if we get rejected from this 58,000, I would expect us to come back down to a 42 and consolidate somewhere in that. Moving over to a theory from a layer two solution, Aurora raised $12 million in Davy funding to scale the Ethereum ecosystem regarding price. We just touched a support of $3,300.

Um, our target right now, we are in a zone of that 3,200. To our all time, high of $4,300, we are moving away from that to a target of our all time high of just about 4,370. This is our all time high. So within this zone, we can expect to see some consolidation. Our target is going to be that 4,300. Although if that gets rejected, we're going to be coming back down to this 3,200.

Moving on over to Solona FTX, U S launches, a marketplace for trading salon based NFTs price. That action is sitting in about $154. We're currently sitting on that 50 day SMA, which is simple moving average guys. Um, we've been touching that for about four days. Now, if we can bounce off of that moving average, I would expect our target to bounce into that $200 range, maybe testing our all time high of around 215.

Um, if we fall below that simple moving average, we'll be going to the 200 day moving average, putting us at about $65. Um, that'll be a good time for some consolidation and see where we go from there. But yeah, those are our price targets for Salana. Next up, we're going to talk about Shane link. If you're not familiar with what chain-link is, it is a decentralized Oracle.

So, what that means is they provide data feeds for blockchains. So blockchains are not actually able to retrieve any information or any data. So they use Oracle networks to retrieve information chain link is currently sitting at about $27. Um, it has had a very, very long level of support, um, that is going to bring it down to about $20.

It is currently targeted towards that support. Um, it's been breaking down for a number of weeks. Um, after touching out expected to touch this level of support around 20 bounce up to this $33 range. And if it breaks below that line of $20 for the first time in a few years, actually, then that'll be a, a, a bear sign for link there, moving on over to AXS access.

For those that are not familiar is the governance token for ACCE infinity, actually infinity being the largest decentralized play to earn game in the world currently hosted on the Ethereum network. Uh, price action is sitting at about $126. We just had a very large breakout recently, primarily due to their sticky mechanism, being released.

They launched their staking pool, which offered at the time about 280% APR, which is absolutely ridiculous for those that are versed in staking pools. Since then, it has fallen to about right now, I believe 130% of. Which is still incredibly high. We will definitely expect that to come down quite a bit, but for the time being 130% APR had a lot of people excited.

So price action was moving. We saw a jump from $74, 240 and a matter of three days. So that was a very, very large jump we've been consolidating for about a week. Now, our target is pretty much touching this support of $97. That is a resistance flip support guys. So this was a previous, all time high before that run of just about $95.

And we're that resistance has now flipped to support. We will be touching that. If we bounce off that and use that as a strong level of support, we will be up to our all time high, a 1 61, touching that 1 61 and balancing between that zone. Um, I would expect us to bounce off of that 97 level into the upwards direction and continue consolidating.

If we fall below that 97 level, it'll be two $75. And then hopefully a bounce from there. Now, taking a look over at doge coin price, currently sitting at 23 cents with a next target of 15 cents as the support. Um, we bounced off of our resistance in August, which would be 35 cents. And we've been heading in the downwards direction.

Um, this zone has been a pretty strong zone for us. We've had it back since June. Um, we also did get below the 50 day moving average, which is not the greatest sign. So if we can get back above that moving average, that would be a good sign. Getting it out of that consolidation. If we continue to fall below the 50 day moving average, I would expect us, like I said, a Tufts that 15 cent mark, and then bounce back from there.

All right. Moving on over to Sheba knew Sheba knew has been consulting for a number of months. Now, just recently entering its breakout. It had an all time high of 0.0, zero. Three five. Um, we're touching down a little bit below that to its previous resistance of three one. Um, we'll be bouncing in that zone back and forth before breakout in the upwards direction on less.

It touches that 0.00002 level, which will really, um, be trouble as it'll break below that and get back into consolidation range. So depending on which way it breaks out of that zone, we'll be able to tell. As soon enough there you have it guys. Those are my handful of cryptos for this morning. If anyone has, um, a crypto that they'd like me to take a look at, please feel free to email me at joedewittatbenzinga.com.

I would love to give those a look and give a little analysis on that. So thanks for listening.

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Episode Summary

Hey everybody. My name is Joe Dewitt, and This is Crypto Daily, Benzinga's newest podcast where I'll be bringing you updates on all your favorite cryptos Monday through Friday morning.

I'll be getting you caught up on everything you need to know regarding crypto, any relevant news, anything that you missed, don't worry about it.

We'll cover all that good stuff in the morning before we go out and start trading besides news, we're going to talk about a better price.

I really think it's important to take a look at technical and momentum. See when volumes coming in resistance level of support levels.

Obviously these are all things that are going to give us realistic price targets, and ultimately that is going to make us better investors and better traders. Hopefully at the end of the day, that is everyone's goal because these are the little things, the little steps along the way that will help us get there.

You can expect me to break down a handful of relevant cryptos.

If you ever want me to take a look at a specific crypto and break it down, whether it has interesting price movement, or it's an interesting project, don't hesitate to ask, just shoot me an email [email protected].

Hosts:

Joe Dewitt

Support this podcast at — https://redcircle.com/crypto-daily/donations

Advertising Inquiries: https://redcircle.com/brands

Privacy & Opt-Out: https://redcircle.com/privacy