Crypto News
October 16 Highlights:
1. Grayscale submits application to convert its mixed crypto fund containing Bitcoin, Ethereum, and Solana into an ETF.
2. Tesla transfers over $770 million worth of Bitcoin to multiple new addresses.
3. FalconX launches a service that automatically converts crypto miners' assets into USD.
4. Canary Capital is seeking approval from the U.S. Securities and Exchange Commission for a Litecoin ETF.
5. Sui Foundation disputes allegations of a $400 million internal sale.
Trading Insights
10 Simple and Effective Ways to Lose Money in Crypto
Focus on making profits instead of protecting yourself.
Be blindly optimistic and overly confident.
Be impatient.
FOMO (Fear of Missing Out).
Overly trust (be superstitious about) one person.
Invest with borrowed funds.
Go all in.
Heavy positions.
Frequent trading.
Contract leverage.
LIFE IS LIKE
A JOURNEY ▲
Below are the real trading signals from the Big White Community this week. Congratulations to those who followed along. If your trades are not going well, you can come and test the waters.
The data is real, and each trade has a screenshot from when it was sent.
Search for the public account: Big White Talks Crypto
BTC
Analysis
Bitcoin's daily line rose from a low of 64800 to a high of around 68000 yesterday, closing around 67100. The upper pressure is near the trend line, while there is support formed by multiple tests around 65000. MACD shows bullish momentum. The four-hour support is near the MA7 moving average; if it breaks, it could drop to around MA14. MACD shows a decrease in bullish momentum. Short-term targets are around 68280-69000 for short positions, with pullback targets around 66600-65200.
ETH
Analysis
Ethereum provided a buy signal around 2560 yesterday, and it has now reached the second take-profit target near 2630, with a maximum price difference of $70. The daily line closed with a shooting star, with a high spike to around 2690 and a low drop to around 2535, closing around 2605. The upper pressure is near MA90, while the lower support is near the MA7 moving average. A pullback can be used to buy near this level. MACD shows bullish momentum. The four-hour support is near the MA7 moving average; if it breaks, it could drop to around MA30. A pullback can be used to buy near this level. MACD shows a decrease in bullish momentum and signs of a death cross. Short-term targets are around 2560-2520 for buying, with rebound targets around 2600-2630.
Disclaimer: The above content is personal opinion and for reference only! It does not constitute specific trading advice and does not bear legal responsibility. Market conditions change rapidly, and the article may have some lag. If you have any questions, feel free to consult.
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