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

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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:

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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