Episode Summary

Today On Crypto Daily:

• When To Buy Ethereum? Bullish and Bearish Signs to watch for

#BTC, #ETH, #DOGE

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

Hosts:

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

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Unedited Transcript:

Hey everybody, happy Thursday. My name is Joe Dewitt and this has been Zynga. Is crypto. Bitcoin's network activity has rose to 1 million active users for the fifth day in a row.

Taking a look over at Bitcoin price action. We are down 2%. This morning. Bitcoin has continued to consolidate sideways. It looks like people are getting hesitant to revisit those all time high. Although Bitcoin sentiment is very strong. We should see a revisit towards that 64,000 and no time. Although if people continue to be hesitant and price continues to consolidate will, but if price action does continue to consolidate, we'll be heading down towards that 58,000 and looking for a bounce off of there.

Taking a look at a theorem. Ethereum is looking great after just previously breaking all time highs. Ethereum currently sitting at 4,525. We have kind of a small red candlestick here indicating that there is a little bit of hesitation as that is common with breaking all time highs. The best thing that Ethereum can do here would be to retest that current resistance and flip that as support touchdown on there before entering a new zone of new all time.

Taking a look at doge coin dose coin has just been consolidating for a number of days. Now, although if this does establish a low here, then we will be on our third higher, low as an uptrend, which would be great for dos coin. If price continues to fall down towards that 50 day moving average, that will be a bearish indication for dose.

And today, guys, I'm going to talk about current Ethereum market sentiment. And if this is a bullish or bearish zone for a theory, Taking a look at the chart and some technical analysis. While considering that we just previously broke all time highs. I would say this is absolutely a bullish zone for Ethereum.

There's been no sign of slowing down. Volume is coming in. Market sentiment is great with all the projects currently out on a theorem. If this current candlestick can close, if current price can continue to hold where it is, and this candle set closes at a doji or a relatively small red candle. That will be a very bullish sign for Ethereum as that means that people are not ready to be selling their theories shares, as it means people are ready to rally the price higher.

Really. We should have no concerns of a bearish trend until we see a theory and fall below that 3,900 level. And that's all the time we have for today. Guys, thank you so much for tuning in, make sure to follow and subscribe to our podcast. And you can follow me on Twitter, which will all be in this script.

Have a good day 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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