Sub $1000 ETH On The Way?

Good day ladies and gentlemen, welcome to the Trader Cobb Crypto Podcast. I hope you're having a great day. Yeah. Hello. I did a scan this morning, had a few levels to watch. I'm still looking at FIT-FI, sorry, FIT-FI, FIT-FI, USDT, little bit of a level forming around, just above the three-set mark. But there's not been a great deal of action. I gotta be honest, there's not

been a great deal of action that's really sort of captured my attention. A little bit of everything out there today so far. Of course yesterday, look, we did see the market come off. The problem that I found when it came to actual trading opportunities was, well, the lack of them. That's the bit that the lack of trading opportunities was, yeah, that was the one. But more

importantly, we just haven't got secluded. Yes, we saw the market come off. But what we've been seeing is, kind of just a quick move. And, sorry, the move down was lovely on many of the pairs. The problem was, is the pullback that it then subsequently came to create. The pullback was sharp in many cases and deep in many cases as well. And while it's Bitcoin, I'm

looking at the, oh, sorry, the two-hour chart. Now there is a lower high, there is a lower low, it's pullback in, sort of rejected, just shy of 16,000 with the high coming in at 15, 9, 67. There could have been an opportunity to short up in there. How do I have got a smaller candle, a small bearish candle that follows a crypto cradle strategy. But I

didn't get that. Did not get that at all. It wasn't something that played out the way I was hopeful for it to do. So on that end up being the case for many across the board. What I am looking at at the moment, however, is some of those flat levels that I spoke of before I did find the number of those. And yesterday, a cycle in

on the daily timeframe for Bitcoin, well, it did close down. About 3%, if I'm correct, let's have a look, 3% down on Bitcoin. And it did, in fact, set new lows for the 2022 bear market there as well. We did hit a low of $15,440. A far cry from where we were this time last year. As a matter of fact, for nostalgia stake, 21st November, that

must have been around the high, I think. November, let's have a look. I'll tell you when November 21, that's the beginning of Bitcoin starting to come off its top, that top being up around 69,185. So it has fallen a long way. We all know that. We all know that. As I keep on saying, as I keep continually saying, Bitcoin has done nothing wrong. It continues to

do what Bitcoin does. And for that, I am grateful because there's no, you can't really hate on Bitcoin. It's the centralized exchanges. It would have been the things that have caused the problems for the most part. And yeah, we sold you wrong. So yes, yesterday, down 3%, today, it's up 0.2% of a percent at 15,788. Yes, though, it had a really good chat about FTX and

all the bits and pieces and exchanges and what we're looking for. If you get a chance, jump into the discord group. You'll have access to the chat. I'm going to be having a conversation on a Twitter space. I believe Thursday afternoon 4pm. So keep your eye open on Twitter. I'm just at Trader Cobb. And that's going to be with the buddy of mine. Coach Kay, who

has been pretty much on the money, as far as similar to what we do, is saying, look, good times to be taking profits. Here's where I think the market can get to. And we both have a fairly similar source of interest. We've also got a lot of agreement as far as the highs and lows. Really. We've been pretty much on the money. We've just got to

work at the lows now. And also we're going to be covering the sorts of things that we want to see exchanges bring to give us that safety, that security and that transparency. As I've been saying, a few times on the podcast lately, it's not just about the reserves. It's about the debt. It's about seeing their balance sheet and making sure they are audited, properly audited, not

just, hey, here's what we've got. We need to see proof of that. And like I said yesterday, Coinbase has been audited by Deloitte. It's not showing, however, the TVL and the, and the clean TVL. So we've got to see a little bit more action there. Anyway, going forward back into our markets. Ethereum yesterday sold off 3%, very much the same as Bitcoin. I have been keeping

an eye on this trend on the two hour and the four hour. Again, though, it's really not. Not satisfying what I'm after at this stage. Yes, we do have a bit of a downtrend on the two and the one, but it's not stretching its legs. It's not giving that secliicity that I really like. It's still looking a little bit nervous. It's down point 40% today at

1,100. And it does really want to look at the daily. Have a very, it really feels as though we can go lower here. If you recall back on the 18th of June, we hit a low of 877 before them moving back up to a high in that round of 2,000. So a lot of a lot of really strong momentum with the theory of fruit from that

low. I believe that we will see sub 1,000 Ethereum. Yes, again, and potentially much more subbing sub, sub, sub, sub 1000 to take out those lows on the 18th of 877. It's just the way the charts playing out. It's just the way the weekly trend is playing out. And it's the way the market seems to be headed at the moment. 1,100 down point 40% on Ethereum.

Binance yesterday had a bit of a sell off. Nearly 4% down. It actually pushed through a fairly strong level of support. Like it's a region of support about $260. Binance did fall through that level. And it is now trading at $256.15. That support is not insignificant. And now that we've broken that, maybe we'll see some further downside on Binance. That being said, it is up 1%

to date, $256.19. Another one there that does have a trend. It's, it's, it's, it's, it's a, it's, it's a, it's a, the runs lower aren't long enough right now. And the pullbacks are a little bit deep. It's not too bad in the two hour, but it's not exciting me to get involved. I'm just trading anything that's really, really flawless at the moment with less capital that

I normally would have. So I'm being very cautious and taking my time. XRP today is down 1.2% at 35.9 cents after being up 1%. Yesterday coming back to retests are very close. 37 cents, which was a support level yesterday. Not much to speak of as far as trading opportunities go right now on XRP. Another one of the market where it's still a little bit shaky without

It's got a decent looking trend. It's probably more like the 8 hour or something. It's going to set up. It's going to have to put some more time and work in before I get excited there. On the dot, it's down 0.1% today at $5.17. Yesterday having sold a further 2%. Setting fresh lows in this bear market. The low yesterday coming in at $5.13. So on the

ground, low yesterday as well. Down to 3.84%. The 4 hour trend is actually not looking too bad. It's just a bit of a shame that we get. You get a candle that's down 4.3%. Then we'll next to it up 3.4%. Then we go back down again. 2%. So it's not really giving that flow that I like to see in the market. It's sitting down 1.8% right

now at $11.50. It's going to be interesting to see what happens with Salana here. It has studied the ship after the Alameda and FTX debacle. Of course, both firms being very closely associated and invested in Salana. It may end up being, if it does stick around, Salana might end up being one of the better buyers long term if that technology is to survive. So far, it's

holding its ground. It's not gone to 0. Still got liquidity. So another one there in our top 10 to consider if you are looking to get some money. So the next exposure, of course, it has come off since the 5th of November. We were up around sort of $36. Since then, we have fallen about 70%. So a humongous decline. It's down to 1.9% today. $11.54 as

I said in Shiba Inu. Today, up 0.2% of 8% yesterday down a whopping 4%. Another one with a trend isn't looking all that great. But further down side could change all of this. Further down side could open this up from Fendi. Fantastic opportunities. And that's what I'm going to be watching out for. Guys, have a fantastic day. I look forward to speaking to you again tomorrow

at some stage. And I keep your eye out on Twitter for what we've got going on. And if you want to not make sure you don't miss it, just join our Discord community, which you'll find in the description of this podcast. Have a great day. I'll speak to you again soon. Bye for now.