Hey everyone,
Our family is on vacation and we arrived at our final destination pretty late tonight. Tonight’s crypto market alert will be brief.
Ledger Nano S Phaseout:
Ledger is phasing out the Ledger Nano S. For all of you that purchased my recommendation to get a Ledger, you own the Nano S+. This is a different model and is not a part of the phaseout.
Ledger Battery Pin Problem:
A brother in Christ who is a part of this group notified me that he had issues with his Ledger not accepting his pin. It almost locked him out of his device, even though he was putting in the correct pin. He prayed about it and he said the Lord showed him the problem was that the battery in the unit was not charged enough. After charging his Ledger for a while, the issue with the pin went away. Make sure that your Ledger is charged if you are experiencing this problem.
SCAM Watch:
Be weary of ANYONE that asks for your crypto and makes promises. This Trump Deepfake was telling patriots to donate and Trump would double your return. This exact video showed up on my feed and it seemed so real that I searched to see if it was legit. I found this article and discovered it was a deepfake. Once you send your crypto, don’t expect to get it back!
Also, if you receive any text messages saying they are a cryptocurrency exchange representative, DON’T RESPOND! They do not text people asking for information. These are scammers.
Crypto:
BTC (Bitcoin) – It made a new all time high today and retreated slightly. If BTC really gets going, this may trigger alt coin season where the whole crypto market rockets higher.
SHIB & LUNC – Not much has changed. They are still near their support zones as they have been for a month or so.
XRP – It appears that there is a breakout of the wedge pattern to the upside. This could be bullish, especially if we clear it’s recent all-time high at $3.40.
XLM – Had a strong upside breakout on higher than average volume signaling possible bullish moves.
New Pick ZBCN:
Here is what the Elliott wave counts look like to me from looking at this weekly chart. In a completed bull cycle, waves 1, 3, and 5, move higher and waves 2 and 4 move sideways or move lower.
The most recent move lower caused the price to fall about 75% from it’s high. It bounced right off of the first support zone and moved up much higher over a day with a gain of about 40% today! I recommended a 1/3 position at this level because I perceive that there is risk in the financial system which could cause the last wave to fail. No one ever knows where the tops or bottoms are so the best way to position yourself for risk is through your position size (the amount in which you purchase). If this wave higher fails, we have our averaging downs to pick up more ZBCN at a cheaper price and it brings down our average purchase price.
It looks like we had a clear upside breakout of the downtrend, closing above it which is easier to see on this daily chart. This could signal another move higher.
OXT –Â The price is still near it’s all-time lows.
ZNOG (Stock) – The price has moved up slightly higher at $0.22. As usual, the price of the stock is highly sensitive to news. It’s move is speculative until they strike oil or go bust.
