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We have coming up on the economic calendar the US inflation and FOMC minutes which in recent times has sent crypto into high volatility mode so be careful and aware. As far as today goes there are some trades setting up but for cryptotraders focused on the top-10 we have the following: BTC, ETH, DOT, DOGE, BNB, ADA, SOL, AVAX, XRP and TRX all with some very tiny ranges. Time to wait and see but focus on the lower time frames.
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Some mild selling coming back into the crypto market at the moment and cryptotraders will be seeing trends on the 4-hour and lower starting to look pretty nice. Currently, XRP is the only market in our top-10 that is up with BTC, ETH, BNB, DOT, ADA, SOL, DOGE, AVAX and TRX down. Cardano hit first target on the "Bitcoin Breakout" from last week so well done to the TraderCobb traders that nabbed that.
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The volatility has been sucked out of the market of late with very tight ranges. XRP is really the only chart where there has been movement, so it's best we go to the lower time frames. Cradles on ALGO, AAVE, IMX and BCH all provided great profits for those cryptotraders that took them. BTC, ETH, DOT, DOGE, BNB, AVAX, ADA and SOL are all hugging tight and not doing much, TRX is moving, let's hope it continues
Learn How To Trade
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Discounts and Promotions
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Today on my FTX crypto scan I focused my attention on the 30-minute time frames for trends and "Crypto Cradle" trades and it didn't disappoint. A number of options have already hit 1:1 in AAVE, ATOM, and ENS. As far as the top 10 goes, it's another day where the momentum did not come through for cryptotraders with BTC, ETH, DOT, XRP, SOL, ADA, AVAX, TRX, DOGE, and BNB all a bit of a mess. Binance had a strong decline yesterday but a sharp bounce. Will we see volatility over the weekend or will this die off like it has done of late? Whatever it does, make sure you manage your risk.
Learn How To Trade
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Discounts and Promotions
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Crypto hasn't had much for us cryptotraders for a while now as far as decent and longer-term trends to trade. At the moment the market seems poised to move higher, but it has to prove itself first. We have a number of daily up-trends just starting out and 4-hour trends about to happen to the long side. We need momentum to trade the 3 checklist trading strategies and to make ourselves a crust. BNB looks the strongest but needs to clear $300, ETH, DOT, BTC, AVAX, TRX, ADA, SOL, and DOGE are trying hard. Time to be ready.
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Planning your trade is one thing, what that means will differ from person to person but you must understand what your purpose is. This builds a short, medium and long term plan that allows you to be clear in your thought and execute based on that plan. Clarity is a must and this will help.
Learn How To Trade
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Discounts and Promotions
30% OFF Taker Fees at Bybit: https://bit.ly/tcbybitpromo
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Bitcoin and the broader crypto market moved higher today but keep in mind it's only 1 single day. BNB, ETH, XRP, TRX, SOL, ADA, AVAX, DOGE and DOT are all up cryptotraders. Have a great day.
Learn How To Trade
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Discounts and Promotions
30% OFF Taker Fees at Bybit: https://bit.ly/tcbybitpromo
10% Discount at Binance: http://bit.ly/2ta6OUu
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I have spent the last few days working with my team within Tradercobb.com and it got me to thinking about when was the last time I worked with the team that keeps me performing at my best. I realized I haven't been calling on them as much as I should. So who is on your team and are you making the most of them?
Learn How To Trade
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Discounts and Promotions
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XRP had a nice move from the cradle zone yesterday putting the biggest gains on in our top-10. BTC is still sideways, ETH has a very tight range as does DOT. BNB, AVAX, DOGE, TRX, and SOL are pretty slow still. ADA has a real shot at a bitcoin breakout short for cryptotraders if it continues to build into the support. Have a great weekend.
Learn How To Trade
FREE eBook: https://bit.ly/2VoIDzD
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Discounts and Promotions
30% OFF Taker Fees at Bybit: https://bit.ly/tcbybitpromo
10% Discount at Binance: http://bit.ly/2ta6OUu
Join the Trader Cobb Community!
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The USD index is on a charge and sucking the life out of risk assets, bitcoin has held pretty strong compared to some other markets. The correlation traders will see is that when the USD fell yesterday, stocks, gold and bonds all had a strong day. This isn't something cryptotraders should ignore, more so learn from it. So crypto had a positive day yesterday with BTC, ETH, XRP, BNB, DOT, ADA, SOL, AVAX and TRX all putting in work to be positive at the close or not far off.
Learn How To Trade
FREE eBook: https://bit.ly/2VoIDzD
FREE Online Course: https://bit.ly/2WVD77X
Discounts and Promotions
30% OFF Taker Fees at Bybit: https://bit.ly/tcbybitpromo
10% Discount at Binance: http://bit.ly/2ta6OUu
Join the Trader Cobb Community!
Discord: https://discord.gg/tradercobb
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From the publisher's feed
Craig Cobb hosts The Trader Cobb Crypto Podcast unpacking his 13 years plus experience in traditional stock markets, FX, commodities and bonds (as well as over 6 years as a mentor to tens of…
NOTE: This is not financial advice, Craig Cobb is not a financial advisor and NEVER provides tips on what to buy, sell or hold EVER. This podcast is to give his views and share a fun environment to have a chat about all things crypto and beyond. If you wish to invest in anything make sure you seek advice from your financial advisor first.
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