Episode Summary

Today On Crypto Daily:

• 3 Coins That Performed Really Well in October
• Bullish Signs to watch in Ethereum
• 
  

#BTC, #ETH, #DOGE, #ELON, #SAND, #FTM

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Hosts:

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

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Unedited Transcript:

Hey everybody, happy Wednesday. My name is Joe Dewitt and this is Benzinga crypto daily. Taking a look at some Bitcoin news Francis Suarez Miami's mayor is to become the first us politician to take.

Salary and Bitcoin regarding price action. Bitcoin is still bouncing between that 58,060 $4,000 zone. Hopefully Bitcoin can gain a little bit of volume and momentum here the next few days to break above that all time high. If Bitcoin fails to break that all time high, we will continue consolidating down towards that 58,000 level zone.

Taking a look at a theory, a theory. Absolutely amazing. We actually broke all time highs yesterday, which is a huge deal. You're currently sitting at $4,500, ideally in a situation like this after just recently breaking all time highs, the best thing to do would turn that all time high resistance and to support if this.

Daily candlestick can close above that previous resistance level. That would be a very, very nice bullish indication for Ethereum. If this candlestick does close below that previous resistance, we will be consolidating downwards so that 3,900 looking for a retest back up to the previous, all time highs and finally taking a look at dos coin doge coin looks like it has been consolidating for.

Days. Although I do like to see this very large green candlestick here with extremely large volume coming in on that day, that was a very nice bullish indication. Considering the days following have been a majority red candlesticks, um, with very low volume, which means volume is decreasing. The selling positions.

So if Dosequin can break out of this consolidation above that 200 day moving average and gain that same volume on green days as it has been, we should be looking at an uptrend here with a target of about 35 cents. And today I'm going to continue where we left off yesterday and I'm going to discuss a few.

Earners and October the first one being doge, Lon, a Mars, ticker Elan. This is a complete meme coin. Uh, it has been up 3,500 in the last 30 days, which is absolutely ridiculous. It looks like a bubble and we should be expecting price corrections with there. The first coin being doge lawn Mars, ticker Elan, which is an absolute meme coin.

This token has rose 3545%. And the month of October and here with doge lawn and Mars, we can expect a large correction as prices heavily inflated here. Another top earning coin in October, it would be the sandbox, ticker sand sand rose, 108% in the month of October, the sandbox is working on their own virtual metaverse and sand is their governance token.

And the last top point. Tober would be Phantom ticker, F T M. Phantom is a open source smart contract platform that helps scale. A theory of transactions. Phantom is up 107% in the month of October. Ideally, we'll see that price, correct. A little bit, maybe 20, 30% as that is a very large gains in 30 day period.

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. Follow me on Twitter, which will all be in the description. Have a good one 

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