The Binance hack just flushed the crypto market, and Gareth Soloway went on a buying frenzy as altcoins hit his key technical levels overnight. In this crypto update, the Chief Market Strategist at VerifiedInvesting.com reveals which coins he bought, shows the chart behind every entry, and maps where Bitcoin's next key support sits. Video by Gareth Soloway.
Bitcoin had already lost its $81,000 breakdown level, and once it broke, Gareth says the odds flipped toward $75,500. The selloff that followed reports of a $6.3 billion theft from Binance, the largest crypto hack on record, took Bitcoin within about $900 of that level before it bounced. Gareth walks through the three trend lines that mapped the whole move, explains why technical analysis is simpler than Wall Street wants you to think, and shows why he sat on the sidelines until his levels arrived.
"New to trading? Join iqoption for free educational materials, a risk-free demo account, and a low minimum deposit($20). Start your journey in the financial markets now!"
Learn more >>
Chapters:
0:00 Crypto flush and Gareth's buying frenzy
1:14 Binance hack sends Bitcoin toward $75,500
2:13 Why Wall Street wants charts to look hard
2:42 Bitcoin's three lines: $87,200, $81,000 and $75,500
3:39 Sitting on the sidelines, then buying the flush
4:44 Ethereum: buy level just below $2,000
5:09 Zcash bear flag: $1,050, then $860 and $700
5:49 Inside the live Smart Money Crypto portfolio
9:01 Polkadot: trend line cross and Fibonacci buy zone
10:13 Sui retests the scene of the crime
10:35 Avalanche retest and the swing trading time frame
11:37 Chainlink trend line support
12:02 Stellar (XLM): two trend lines meet
12:47 Solana add level and HBAR snap-back target
13:48 The charts guide us
13:58 Rumble Wallet, gold, and silver at $50
Probability over emotion, being the casino instead of the gambler, and why following the charts beat chasing fear and greed.
Visit Trading Platform >>
