Crypto Breakdown

Is It Too Late To Buy Bitcoin? Crypto Daily October 20, 2021


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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]

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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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