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🔥 Day 8 Hot Topic: XRP ETF Goes Live
REX-Osprey XRP ETF (XRPR) to Launch This Week! XRPR will be the first spot ETF tracking the performance of the world’s third-largest cryptocurrency, XRP, launched by REX-Osprey (also the team behind SSK). According to Bloomberg Senior ETF Analyst Eric Balchunas,
Summary for today:
1:8 interest rate cut meeting ➕ Powell's speech, hanging buy orders, dealers will continue to push down at the support level, forcing the technical traders to stop loss
In the previous two elections, on November 8, 2016, BTC pulled back by 10%, and two months after the election, it pumped by 60%.
After the pullback in the November 3rd election, it rose 200% in the following two months.
Buy small during the fall. The mainstream adds positions every 3 points of fall, while altcoins add positions every 6 points of fall. Currently, the funds are divided into 5 equal parts, and only strong coins with large volumes are bought.
4: Mt. Gox once again sells 2000 BTC, ETF outflow amount reaches 410 million, every move must fall a wave
5:Btc has been falling all the way, with no strong rebound in small timeframes. Currently, the bearish force is very strong. Wait for a bottom deviation on the left side to enter the market. For the cautious, 66800 and 65700 are two strong supports that may have a rebound. The defensive position is 65200. Consider entering the market again on the right side with large volumes.
6: ETH net outflow of $42.7 million, the rise is difficult, the fall is smooth, the hourly volume contraction Rebound is just not in place yet, 2360.4, 2334.6 two points Maker, defending 2308.5