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The crypto market has been a bit average as fas as sticking to any single direction for months now. Yesterday we again saw Bitcoin rise 6% to then close down, this was felt market wide. These conditions are not great for cryptotraders that follow trends and to be honest, it's not much good for any trader as it's so erratic. Today we see BTC, ETH, ADA, XRP. SOL, ADA, TRX, BNB and DOT all down but without great trends. So stay safe!
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It's been a fairly good start to the trading day with Bitcoin and the broader market seeing the second day of gains so far. Cryptotraders beware though as this is only 2 days of upside and we will need more for us traders to get those trends working for us. BTC, ETH, XRP, DOT, SOL, ADA, DOGE, DOT, BNB, and TRX are all up today. Here's to hoping the trends come into the mid-time frames and we get some moves higher again. The GBP is getting smashed, Gold is down and the DX is flying, it's a pretty strange environment at the moment.
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Crypto had a mixed week last week with some closing the week up and some down. XRP was the only major mover with most markets having very little volatility for the most part. Today my focus is on trading the lower time frames as the trends arrive. BTC, ETH, DOGE, AVAX, TRX, BNB, SOL, and ADA are slowly falling and DOT is the only market that is up. Get focused cryptotraders, it might be a good evening for us.
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XRP is up 50% so far this week, off the back of?????? I am sorry, I have not been in the XRP news cycle so I don't have the information right now. As far as the rest of the market, well we have ourselves a bit of a bounce and mess and cryptotrading requires stability and trend, traders are seeing very few of these right now. We did see a good bounce yesterday on BTC, ETH, XRP, BNB, DOGE, DOT, AVAX, SOL, ADA, and TRX. I am interested to see how the week closes to be honest and if we can carry some momentum over the weekend. Have a great day friends!
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The US rate decision was early this morning for this cryptotrader and it wreaked havoc on the markets with a move higher just before the announcement then sending the market plummeting lower. BNB, ETH, BTC, XRP, DOGE, DOT, SOL, ADA, AVAX, and TRX all were sent lower to the close. It's a good day to take off really.
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Bitcoin is slow, ETH matches the slow pace and BNB, ADA, AVAX, DOT, DOGE, TRX and Sol are all up a tad with Cardano moving higher by the greatest margin so far. XRP has been on a strong run but today it is slightly off. Cryptotraders that follow the TraderCobb "Bitcoin Breakout" strategy are licking their lips as we have so many little support levels around. Keep your eyes peeled and don't forget FOMC and US rate decision is out at 4am AEST and that may throw a spanner in the works.
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What a wild day yesterday with the crypto market selling off hard to then rebound, it left many cryptotraders scratching their heads. Cradle trades to the short side on the 4/8 hour time frames along with bitcoin breakout consolidations is what is on this traders list today. BNB, ETH, AVAX, ADA, BNB, DOGE, SOL and XRP all closed yesterday's trading session higher with DOT and TRX both closing down. Manage that risk and wait for the market to sort itself out is my plan
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Another sell-off week for bitcoin has come to an end with BTC closing down 11% last week. Cryptotraders will be on the hunt for shorts as we saw ETH head south 24% post merge last week and selling continues. It's red for BNB, XRP, ADA, DOT, TRX and DOGE with SOL and AVAX the only green in our crypto top-10 so far today
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Well we have the ETH merge behind us now and with it we are sub-1500, not sure why but it is what it is. Bitcoin sold off but gained dominance and for CryptoTraders, it’s best to be focused on the lower time frames in my opinion while we deal with slop. So who is showing slop, I hear you ask? ADA, SOL, BNB, AVAX, DOGE, DOT and TRX are all looking pretty average. Have a great weekend and say hello if you see me at the Australian Crypto Convention on the Gold Coast this weekend.
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It's been a rough 2 years and for many people they have had to experience the pain of anxiety and depression through periods of this time. When we are trading we must work from a solid base and keep our emotions in check and when we can't do that and it's too much, we would do well to step back and take a breath. This podcast is about giving you that breath should you need it now or into the future. You are important and trading can wait.
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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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