CryptoScripts

The market will pump towards the end of Oct. We’re close Rate cuts, potential end of QT, ETH staking ETF, end of tariffs (Nov 1st deadline, so they SHOULD come to a resolution before then), etc. We still have the government shutdown and the Russia Ukraine conflict, but there’s still plenty of catalysts on the horizon so each of those could be their own. Also keep in mind the weekly 50EMA at 100k on BTC. Great bounce level. Now it’s just exercising patience and placing limit orders at major support levels, but we are close. Any flush that happens in the near future will be a buying opportunity. Just keep in mind we have the New Moon October 21st which could create some downward pressure but I’ll be monitoring everything and let you guys know 🤝

Looking at our TA on ETH combined with our new AI/Machine learning indicators (releasing soon), we can see ETH is setting up for another bullish run. Our indicators have called the tops and bottoms pretty accurately, now it looks like we may have short-term upside. The big levels to watch out for are 1815 (support) and 1850 (resistance). If Ethereum cracks 1815 then that would invalidate our bullish thesis and set for a potential fall to 1780 then further of 1650. Although if we break 1850, then that sets clear skies to our next target of 1900, followed by 2000. As we're in this current chop, we always advise everyone to never force a trade and wait for a trade to come to you. This means waiting until multiple indications signal a buy (oversold at support, etc) or vice versa. Trading is all about discipline and those who don't have it will quickly be humbled. If you enjoyed our TA or have any questions about our upcoming indicator release, please comment below or send us a DM :)

We Called The ETH/BTC Pump! Looking at our chart, we see that Ethereum started getting oversold near the bottom of our standard deviation bands, along with an oversold reading on our new DVO indicator. This, combined with the oversold green X's we received (combination of multiple indicators), and our dark blue candles (another oversold indication), led us to have a VERY successful ETH long! The next resistance we're looking at is $1915. This has been a big level on the daily chart and may provide a rejection once reached. You can also see our candles starting to get overbought (turning orange). Once they turn red, that's when I start looking to completely exit or take a majority of my profits. If you're looking to buy on a pullback, watch the $1715 level. That acted as great support over the past few weeks and could provide a good R/R if we reverse here. With BlackRock recently applying for a Bitcoin ETF and many other banks following suit, the crypto market is about to get a whole lot crazier! -Stayed tuned for our new indicators launching soon (shown on the chart + more), along with a slew of great trading info for you guys! You won't want to miss it :) Let us know if you have any questions!