Source: The Trader Cobb Crypto Podcast
Bitcoin Loses More Ground
Nov 28, 2022 · 6m 35s
https://sphinx.acast.com/p/open/s/5a95d886c672113959bb385f/e/6384330a782385001185fdf9/media.mp3
Get it ladies and gentlemen, hope you're having a good day. I'm back in Sydney again now and sadly, I'm pretty bad at the tag at the moment. I can't seem to knock it. But I will, she's hopefully be back to my best self tomorrow. Yeah, it's been a bit of a tough one. Anyway, looking across our top 10, we have seen some selling come in over
the last well, realistically, it's been sort of the today. You know, we started to sell off about 10 o'clock this morning, one one hour candle, just sort of tanking 0.90%. A couple hours later, it'll 1.8%. So we're currently down for the day 1.5%. And there really doesn't seem to be too much. I mean, the push down happened quite quickly, but there doesn't seem to be too
much really going on trend wise anyway. You know, the daily, the daily look, it's been so quiet. The last day that we had any real movement was back on Thursday. And it didn't do much since then, Thursday closed flight on the day, but it did have a little bit of movement up and down followed by Friday, half percent down 0.4% down Saturday, 0.1% down Sunday. And
then we sleep again today. So it's just a very ugly, sticky looking market. Last week, did close up 1%, but again, it's not looking. The market looks like it wants to move lower to a certain degree. There is a little bit of support down there around about 15,463. So I was just a matter of weighing to see if this market can really sort itself out. Leaving
the lower time frames are not really presenting all that much opportunity at the moment. And it's just a bit slow. I mean, that I'm talking about Bitcoin at this stage, obviously. Why won't the chart go back to how I want to anyway. On to Ethereum next and Ethereum. Well, it closed the week last week up 4.6%. But it subsequently come off fairly strong since then. It's
down 1.8% at $1,170. And that weekly, sorry, not weekly, the daily is when we look at. It was down yesterday 1% today down 1.8%. And again, when I look at these lower time frames, we've just had these really brutal quick falls. So we don't. We don't have very good seclusion even on the lower time frames. So again, more waiting is required. On the Binance, which is
just pushed down 300, 300. It's at there. We were above 300 for a week while there. After a strong recovery last week, a Binance did end up closing up 16.4% a very strong drive. It's down today 3.5% at $296.64. And one of the interesting things about this, the last four hour, is the low-endal. It's bounced back a little bit. But that four hour candle on one
stage was down over 7%, which therefore put Bitcoin, Bitcoin. Binance at one stage for the daily was also down around just over 7%. So quite a abrupt move there from Binance. It's down 3.4%. Now 296.77. XRP down 4% today at 38 cents flat. There is now four hour downtrend in motion. Last week closing up nearly 10% on XRP. Still a fairway off of its lows of
2022. We'll see how that plays out over the next couple of days. It is selling momentum is to continue. Now we saw doge. Last week close up 28% and it does in fact have a four hour uptrend. So it's not looking. It's just a very deep pullback and very sudden. Today we are down 3.2% yesterday. It was 11% at the close. And it looked like it
might have pushed up to about 20% at one stage. Now I'm not quite sure what the reasoning for this is. But in fact, the matter is as we're just closing in on 10 cents again. We were above it yesterday. It was at 9.5 cents right now. Cardano coming off as it looks as though it wants to set new 2022 lows. This is the fifth day. Of
red in the market for Cardano. The last five days didn't really put in too much red though. Today it's down 2.5%. If you look at the weekly chart last week it closed up 0.3% so it has gone relatively quiet. Until today's break down. Sitting at 30 cents right now. The last week closing pretty much flat up 1.15% so not a lot going on there for dot.
It's at $5.11.3.3%. Next on the list is Solana which closed up 15% last week. It has had a fairly strong fall today. The biggest mover in our top 10 down 7.5% sitting at $13.2. And once again a very abrupt move down. Not much seclicity. Not much to work with yet at $13. And on the sheaver down 3.34% right now. So sheaver didn't see the push higher
that doge saw a couple of days back. It did close up last week 5.5% higher. But again there's not the same sort of seclicity. On either direction there on sheaver. So the market does come off. We want to see if there's going to be some seclicity. If we are going to see some further down side that's absolutely fine. Just give me some trends to work with
so that I can make some money whilst the market does fall. And don't forget ladies and gentlemen this is the last day of our weekend sale. So that is obviously Black Friday and Cyber Monday. If you want to take advantage by jumping in there. And getting 50% off a become a master course as well as 50% off of our community. And you can bundle them together
and receive 50% off. Then please go ahead to trade a cob.com. Click on that banner and get yourself involved. Have a great day. Hopefully tomorrow wake up and I'm feeling a bit more energised. It's been a rough rough last four days really. Very, very bad chronic fatigue hitting me at the moment. So hopefully that passes. And I'm back to my annoying bubbly best. Anyway, hope you're
well. Have a great day. Bye for now.
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