Happy Sunday, traders.
It’s Matt here,
I can’t stress this enough … The crypto market is about to get smacked with some serious volatility.
We’ve been talking about the Ethereum merge for months. It went off without a hitch earlier in September. And ever since, there have been crazy profit opportunities.
The Ethereum catalyst is so important because it affects the entire market. Here’s how …
- There are a ton of tokens on the Ethereum blockchain. All of these tokens switched blockchain systems.
- It shows the industry is committed to environmentally friendly/sustainable growth.
- It pushes other crypto firms to follow.
This is huge! It feels like we’re in the middle of a crypto revival. And things are just starting to heat up.
Feast your eyes on the hottest plays right now …
#1 RioDeFi (RFUEL)
The chart has everything when it comes to trading spikers like this.
I’ve been watching this one for the last half hour. Here’s the chart I’m seeing now …
RFUL chart 1-minute candles Source: BitcoinWisdom.io
This is the beginning of a classic pattern I learned from Tim Sykes. It’s crazy how these charts repeat over and over again.
But a lot of people don’t know where to find these plays before they spike higher.
It’s time to take notes. I’m going to show you.
Head on over to BitcoinWisdom.io. And sort crypto coins by the highest gain of the day. (Click on the ‘today’ column).
Here’s what the scan looks like right now …
Crypto Scan Source: BitcoinWisdom.io
The second one on the list is RioDeFi.
I didn’t put Primas (PST) on the list because the pattern sort of fell apart. You can go take a look.
It could come back, but right now RioDeFi is the best setup.
#2 Bitcoin (BTC)
It’s still alive!
And with any luck, the price will rebound off the support it’s consolidating around.
Check out this chart with a support line drawn in …
BTC chart Source: BitcoinWisdom.io
I’m not saying this is a sure thing … but if you’re interested in a long position for Bitcoin … this would be a great time to get in.
The overall strategy would be to buy at this support level, around $20,000. If the price breaks down through support, cut the loss and get back in later. (We can always get back in, but if we hold onto a crap trade the losses will grow).
How This 24-Year-Old Went From Broke to $1.4 Million…
There’s a lot of regulation in the works. But in general, the same regulatory organizations seem optimistic about the price of Bitcoin.
For example … Rostin Behnam, Chairman of the CFTC said regulatory oversight could double the price of Bitcoin.
I smell a catalyst brewing …
Ethernity Chain (ERN)
Sounds a lot like Ethereum, doesn’t it?
That’s the first catalyst that could push the price higher. But there’s a second one lurking…
Ethernity Chain is the self-proclaimed “World’s First Authenticated and Licensed NFT platform”.
NFTs? Say what? You thought they were dead didn’t you … but nothing truly dies.
Especially since Meta Platforms Inc. (NASDAQ: META) recently allowed all U.S. users on Instagram and Facebook to link crypto wallets to their social media. Giving them the ability to display crypto and NFTs.
The news broke in the last 48 hours … and here’s a chart of ERN …
ERN chart 15-minute candles Source: BitcoinWisdom.io
If you didn’t catch my P.S. message in the email…
There’s a live webinar tonight at 8 p.m. Eastern!
I write these letters to give you ideas and potential plays. But it takes my team a few hours to send them out.
With my live webinar, you’ll get instant access to the hottest crypto plays I’m watching.
The early bird gets the worm.