CRYPTOPAK NEWSLETTER

DATE: 10/26/2021/TUESDAY/VERIFIED SOURCES/CROSS CHECKED

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TITLE: ETH TAKING OVER THE MARKET

ETH breaking out and running for new all-time high just like we have been discussing this thing
from last two newsletters while BTC on the other hand is moving sideways and taking support
of the downtrend channel to break to the upside. Further on in the newsletter we will discuss
about possible scenarios that we can face on weekend.
Note: Crypto market is highly volatile and involves a greater risk of loss, manage your risks and
portfolio accordingly. None of advice in this newsletter should be considered as financial
advice, the reader of the newsletter is responsible for his/her own acts in case of loss & profits.

MARKET STRUCTURE AND NEW BUYING

BTC is cooling down and is building momentum for a breakout after perfectly retesting the
down channel. BTC target is straight 65k on shorter durations and things are looking perfect so
far. We have two major things to keep in mind to take entries into BTC.
Firstly ETH is running for its all-time high and is in the spotlight of institutional money. Plans for
ETH has not changed all the buying’s that we made in last week and this, perfectly hit their first
profit taking target at 4340 and second target to hit very soon that is eth all-time high. BTC is in
good buying zone but only for swing traders, keep in mind that BTC already printed its all-time
high candle so we will not expect very much potential in BTC. Still the market price can be your
very good entry price if you want to hold it for next 7-10 days.
Second possible scenario is a little bearish short time scenario, we have seen at least every time
that when market create mess on MA’s, price move to the upside for short time and instantly
come down for correction, which we have seen in ETH case. If ETH market came down to test
MA’s again then we can see BTC again around 58-59k zone, which has very less likely to
happen.
As per these scenarios, our new buying’s for BTC should be around the price tags mentioned
below.
BUY: 61200(5%) Trend support
BUY: Market price: 5 %( 200MA testing support)
BUY: 59800(20%) 50MA SUPPORT
Let’s talk about ETH, eth is performing perfectly as per our expectations and all the entries that
we took in last two weeks went 100% in success with each individual order and profit ratio of
above 57%. Last week when BTC was running for its all-time high, we said good bye to BTC new
buying and started buying ETH instead as ETH was struggling and was in very good buying zone.
Situation for ETH will be exactly same in a one more week. If you are holding ETH then secure
50% profits to all time high or 4000+ and keep 50% for new all-time high around 4700.
If you want to buy more ETH then current market price can be your good entries if you want to
hold for the coming week. ETH daily candle took bullish divergence and on RSI we are forming
higher high, so ETH will fell in an overbought zone very soon and we can expect a short
correction on weekend. If your buying is already below 4000 then I would recommend you to
not change any plan and secure 50% profits at 4000+ and remaining at 4700. If you are looking
for new entries then take 5% entry on market price and over the weekend the price tags that
will give you max profits are as below.
4280(10%) SPOT
4210(15%) FUTURE
4330(5%) SPOT
Forget about BTC and ETH, if your portfolio is in profit and you can take some risk then I highly
recommend you guys to invest in DOT, dot is also all set to run for its all-time high which is
around $57. Current market price can be a good entries for you if you portfolio has some space
to take risks. Buy 40% in spot as swing holding and wait for next 10 days to secure profits
around $50.
XRP broke down to the downside with marking a price of 0.94, which was also the break down
target and over entry as we discussed in Sunday newsletter. If you bought XRP below 1$ then a
highly recommend you guys to hold it and do not secure profits. As ETH has potential and soon
alts like XRP and ADA will come into the spot light of investors’ money. XRP profit taking targets
should be 1.2+ as this is very easy hittable target. If you are looking for new buying’s then wait
for the rejection from 200MA and buy over the weekend around 1.06.
ADA showed very strong potential after the bounce from 1.9 and it looks like that a big whale
has acquired a very big position below 2$, ADA as everyone knows that has very important
updates in coming month. So any buying done in this week will be beneficial. However it sis
recommended to wait for the weekend to take new entries in to ADA.
TUESDAY NEWSLETTER
As we discussed in Sundays newsletter, things are going accordingly. BTC is once again running
for new all-time high and any trigger to the price can through us to 65k zone. All the orders that
were executed as per Sunday newsletter, let those orders run until we hit 64k zone from where
we will secure profits.
We have one major pattern that is expected to play within this week and it is W pattern.

As per this pattern we can see price drops to its major level of pattern support. According to
this pattern our new entries lies at a price range of 60800-61500 for new buyers. Also keep an
eye on the major level of trend reversal support at 62200. Market is most likely to come down
to test this level of support and if maintained we are going for 65k. As per this situation we
recommend all of you guys to not sell your buying’s that you made at 60300 and 59400 on
Sunday and hold on it. For new buying’s trader can take entries into market from 62100(5%).
Also keep in mind that a strong rejection from current market price and if major trend reversal
support at 62200 got broken then we can possibly see a down channel as shown in chart below.
Eth on the other hand has completed its W pattern and is looking for a breakout, as shown in
chart below. The breakout target is straight 4480. Trading ETH is not recommended if you are
looking for new entries, if you have already bought ETH as per our last newsletter then secure
your profits on level of resistance that is at 4340. If you are looking for new entries then a buy at
5% on market price, 10% at 3170.

If we discuss about DOT then there is nothing changed in its market, market is still strong and
our first profit taking target as per last newsletter is $45 for scalpers and swing traders. Hold on
to your current buying’s and if you are looking to buy more than wait for the rejection from $45,
or buy after a successful retesting of $45,
XRP is still consolidating in triangle and has entered back in the triangle after a successful
resetting. One thing to know here is that, the closer the price get to the intersection point of
triangle, the higher chances of breakout are.
Sunday newsletter
In order to understand price movement, let’s first look into the market structure. BTC alone is
still more potentially strong then rest of the crypto market with ETH running for all-time high.
Market structure of BTC is still bullish as major level of supports are way low then the current
market price and fear of price going up is increasing day by day in traders. Still BTC is struggling
at the major level of resistance at 61900 which can give some space for alts to grow.
A generic BTC trend is downward and a week of correction is expected. Possible trade areas are
as below.
In order to take an entry in BTC market, we have two possible scenarios that will play in coming
week. Firstly BTC taking over the 61900 resistance and doing a successful retest of resistance as
support. If this happen today and a daily candle (SUNDAY) closes above the resistance can
confirm a move to the upside. We can expect BTC to run for 64-65k zone with a choppy
sideways movement. But this is not all the second scenario is a bit bearish scenario that you
must keep in your mind before buying. What if BTC faced a rejection from 61900 resistance? If
we got rejected from this level then we can again possibly see 59800 level of support.
What should you do, if you want to trade BTC?
Our recommendation to all the investor is to wait for the confirmation of daily candle closing
above the 61900 zone and taking an entry at the same level of support on retesting. This will
boost the momentum of BTC holders to not take profits at this level and wait for 65k-68k zone
to secure their profits. Only take entry with no more than 10% of balance, lev *3, leq below
53k. Make sure to put buy orders at following price tags, 60700(5% in spot), 59100(10% in
spot), 57400(20% in spot and 15% in future)
ETH on the other hand is potentially very strong and a new all-time high is around the corner.
ETH moved as per instructions told in out last newsletter, hitting our 3890 buy orders. Those
who ought as per our last newsletter is recommended to secure their profits as BTC is testing
major level of resistance and a rejection can push the ETH price down too. So in this situation
securing the profits is always recommended.
If we talk about the new buying then investors can buy 5% from market price in spot as ETH is
all set to run for all-time high. Off course this scenario needs BTC to take over the level of
resistance and close above the 61900. A possible good entries for ETH is +-4000. On the other
hand the flow of money in ETH is constantly increasing which shows that the ETH is in the spot
light of whales. Buying ETH from 4130(5% in futures), 4070(5% in future) 4010(30% in spot)
will give you maximum profit. The possibilities of these entry point getting hit depend on the
temporary movement of BTC. However it is recommended to buy ETH (5%) in spot to not miss
the profits if price moved upward, as ETH is looking for a parabolic run to touch its previous all-
time high.
Polkadot is also set to touch its previous all-time high but comes up with a risk. DOT is perfectly
set to touch $50 but potential in dot is getting weak as the flow of money in DOT is in negative
and is stuck from past 3 days. The risk in investing in DOT is that if market dumped, DOT will be
the most affected coin. However if you want to hold DOT for a month then buying from the
market price is recommended as it will surely touch $56 in coming two weeks after major
crypto market correction.
XRP is in very good buying zone and is touching the lower bar of symmetrical triangle, a
breakdown from the triangle will through the price down to 0.89 and a breakout to the upside
will through the price to $1.2 as XRP is touching the lower level of support so it is
recommended to buy XRP with minimum of balance(only if you are XRP scalper) and can also
open a long position with making sure that your liq is below 0.7 and not to use lev more than
5.
Cardano is also all set for a breakout to the upside through its triangle. The breakout target for
Cardano is $2.6. The coin has very important updates launching in coming month with a very
strong fundamental analysis. Opening a futures trade is not recommended in ADA as ADA is in
the list of coins which will move sideways throughout the OCT. Buying ADA in spot for the
month of November will give you 25-30% of capital. We recommend our investors to buy and
hold ADA with at least 25% of their portfolio from current market price.

INSIGHTS
After a Bitcoin flash crash on crypto exchange Binance on Thursday, its CEO warns of more
volatility ahead.

A client’s trading algorithm blooper sent Binance into a flurry on Thursday after Bitcoin’s price
briefly plummeted 87% to just above $8k on Binance U.S., just after hitting its record high of
over $67k on Tuesday. It was only Binance that was affected, with other exchanges showing a
low of just above $64k in that same one minute slot. Though it was just Binance affected, the
price of Bitcoin took a hit on Thursday and tumbled 5.71% after a four day rally, and took
Ethereum (ETHUSD) down with it as the second-largest crypto lost 2.59% after sinking 11% in
one minute along with Bitcoin. The exchange said the momentary crash was because of a bug in
an institutional trader’s algorithm and said the problem had been fixed, but Binance chief
executive Changpeng Zhao warned to expect high volatility in the coming months nonetheless.
Crypto traders were less than impressed, with one commenting:
Good thing Americans are forced on to these dog sh*t exchanges where they can get completely
scammed on unreasonably thin books. This type of sh*t just shouldn’t be happening. It’s not fair
that some get stopped out and some stay in, some get fills and some don’t.
Bitcoin ended Thursday at $62,219.44, while Ethereum (ETHUSD) ended the day just above $4k
after peaking just $5 under its all-time high.

As Bitcoin hits its highest price on record on Wednesday, so the rest of the crypto crew has
joined in on the fun, taking the market’s value up past $2.7 trillion for the first time.
Bitcoin prices have been on a bull run this month, shooting past its record high to close
Wednesday at just below $66k on the back of ETF excitement, and on Wednesday the rest of
the crypto market decided to get in on the goods – Ethereum (ETHUSD) lifted 7.36% to close
above the $4k mark for the first time mid-May as it attempted to catch up with the OG
currency, Dogecoin (DOGEUSD) lifted 3.31%, Cardano (ADAUSD) was up 3.72% for the day, and
Solana (SOLUSD) ended the day up a whopping 13%. The group rally shows how much the
appetite for mainstream crypto adoption has increased with the debut of the first Bitcoin
futures ETF. The jump led the value of the overall crypto market to an all-time high of $2.7
trillion – up around $200 billion from its May high.

Bitcoin closed Wednesday at $65,990.31 after peaking at $67,016.50, soaring past its previous
all-time high of $64,895.22. As pleased as crypto fans are, analysts warn that Bitcoin could be
overbought. Hedge fund manager Mark Yusko said:
I wouldn't be surprised by a little consolidation. Look, we're up 40% this month which is only 15
days old—a 'pause that refreshes,' given how overbought we are right now, wouldn't surprise
me. There is some risk of the 'buy the rumor, sell the news’.