#31 Mr.Advice NEWSLETTER

#31 Mr.Advice NEWSLETTER

WHO IS ONE OF OUR SHORT-TERM PROJECT FAVOURITES?


Good evening on Monday! 

In today’s newsletter you’ll find out what’s going on in the market, what projects are worth looking at, who are some of our favourites, what events from the Metaverse are happening in the near future, and the zoom calendar for this week.



MARKET ANALYSIS BY CRYPTOAARON

Monday morning:

The bitcoin price failed to move above the $40,500 resistance zone and started a renewed decline below $40,000. It is currently (04:10 UTC) showing bearish signs near $39,250 and could extend losses below the $38,800 support zone. BTC is down almost 2% in one day and down more than 1% in a week.

Similarly, most of the major altcoins are facing increasing selling pressure. ETH fell below the $2,920 support zone. XRP broke support at $0.70 and continues to head towards the bearish zone. ADA is approaching the $0.85 support zone.

Monday evening:

We lived to see a descent into a very important zone, around USD 38,500, from where there was a first bounce. It could be that we attack $44,000-$46,000 or we could face another descent to 37,500-$36,500. This would close the pattern on the upside and a further attack higher would be possible. The end of April could be turbulent with a potential move lower and May-June should be greener. Possible attack in May at $50,000. Above $34,000 we are safe on Bitcoin. 


WHAT WAS HAPPENING AT MR.ADVICE LAST WEEK?

  • While the market was betting on a zone for upside, we played #SHORT on Bitcoin and Ethereum. This caused us to hold off on buying, so we didn’t load into the position and short the decline to the $38,000 area. 
  • We bought #KNC at $4.50-4.80 and there was a breakout and the price rose above $5. It is one of our short-term favourites.
  • We bought #KAVA and #FXS


CRYPTO EVENTS IN THE WORLD

This week I want to show you two interesting online events, both dealing with the Metaverse. 

26-29 April Are we Metaverse – Ready?

This is a series of webinars with experts in the field of Metaverse. They will talk about their experiences, share their knowledge and reveal upcoming trends in the Metaverse. If this is a topic that interests you, the webinars will take place over 4 days, are free and in English.

LINK TO EVENT

6 May 2022 Metaverse: The Hype, Reality & New World Order

The event is free, it will talk about the history of the Metaverse, all the hype and show the use in practice. It all starts at 9 CEST and will be conducted in English. 

LINK TO EVENT


WHAT ARE OUR PLANS AT MR.ADVICE?

Monday’s Zoom already tomorrow on youtube. If you are interested in technical analysis in practice then watch the recording on our channel.

Zooms with CryptoAaron:

Tuesday 20:30 Technical Zoom

Thursday 09:30 Market analysis

Have a profitable week!

Mr.Advice TEAM



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