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Elon Acquired Twitter on Friday, the 28th.

After buying out Twitter, Elon revealed his plans to build the "everything app", with Social Media, Payment, and a bunch of things rolled into one.

He called this the X app, referring to the vision of X.com, his first company before it became PayPal.

People are speculating that DogeCoin could be merged into Twitter to complete this vision of an online peer-to-peer payments system.

While he hasn't said anything, DOGE has already rallied 140% this week.

Smart money has been buying $DOGE , as they believe Musk could use twitter as a platform to pump/promote DogeCoin.

Charles Hoskinson, founder of Cardano, thinks it’s possible for Doge and twitter to somehow merge.

But can this really be done?

Elon has been advising the Core Doge Devs since 2019, and joined the Doge Foundation over a year ago.

Elon has certainly been a top Doge proponent, as he has previously used the coin as a payment method, and even here he teases the use of it for Twitter.

In the past, Elon has proposed to use an exchange as a second layer to minimize DOGE transaction cost.

Layer-2 rollup solutions are also widely adopted on Ethereum and easy to implement.

TwitterX could have a wallet, exchange, and layer-2 all built in.

With 500 million users under his company and unlimited resources, this merge is only a matter of Elon's will.

Will he make the most entertaining outcome actually come true?

FOMC day November 2nd.

Hikes By 75Bps; Target Range Stands At 3.75% - 4.00%

Interest Rate On Reserves Balances Raised By 75Bps To 3.90% From 3.15%

Unanimous Fed Vote In Favour Of Policy - Prepared To Adjust Policy As Appropriate, 'Highly Attentive To Inflation Risks'

Ukraine War Creates Additional Upward Pressure On Inflation, Weighs On Global Economic Activity

TL;DR:

Slow down sometime, Maybe 50bps in December

Terminal rate higher

Premature to even talk about pausing

Soft landing still possible but narrowing

POWELL: NO ONE KNOWS IF THERE WILL BE A RECESSION (Is he joking?)

شهدت هيمنة البيتكوين تراجعًا هذا الأسبوع، حيث شهدت بعض العملات البديلة الكبيرة مثل ETH وDOGE ارتفاعات كبيرة هذا الأسبوع. ومع ذلك، احذر من هذه الخطوة لأننا لا نزال في دورة تجنب المخاطرة بالنسبة للعملات البديلة ولا يزال خطر الاحتفاظ بالعملات البديلة هنا مرتفعًا.

مرة أخرى في أبريل، كان لدينا فخ مماثل فيما يتعلق بهيمنة البيتكوين حيث ارتفعت العملات البديلة لفترة وجيزة ولكنها دمرت عندما تراجعت الأسواق في يونيو.

أواصل التركيز على تجميع البيتكوين والإيثريوم في فترة تجنب المخاطرة هذه، حيث يمنحني ذلك توازنًا جيدًا بين الأمان والمخاطر.

Ethereum is still looking strong as a new support level is made at 1200.

As discussed last week, in order for Ethereum to break out of its downtrend, it needs to make a higher low followed by a higher high. This is the classic reversal signal from a downtrend into a new uptrend.

Looking at the Ethereum price action since last November, we see a clear downtrend as indicated by a series of Lower Highs (LH) and Lower Lows (LL).

This is why the recent bounce on Ethereum is so important, as we have formed the first Higher Low (HL) in the past year. A higher low is the first signal before a major reversal.

Following the recent rally, we need to watch the next few weeks closely as the recent higher low at 1200 needs to hold in order for the reversal scenario to continue for Ethereum.

If Ethereum dips back below 1200, the higher low made in October would be invalidated and the downtrend continues.

If Ethereum does stay above 1200 and bounce back in the short term, it would create a strong signal and we can wait to monitor its reaction at the 1950 resistance.

The final area to watch for Ethereum is at the 1950 resistance. If Ethereum can break above 1950 and form a new Higher High (HH), this would produce a classic trend reversal signal. Following this signal we are likely to see 3-6 months of uptrend for Ethereum to rally into the 3k ranges.

Still a bit too early to call the bottom on Ethereum, but it is looking brighter than Bitcoin as early signs of a new uptrend is forming.

على الرغم من أن البيتكوين شهد انتعاشًا كبيرًا، إلا أنه لا يزال ضمن النطاق الطويل الأجل بين مستوى الدعم 18.5 ألف ومستوى المقاومة 24.5 ألف.

لقد حذرنا في نشرة الأسبوع الماضي من توقع وصول البيتكوين إلى القاع مبكرًا جدًا.

يُظهر التصغير الصورة الأكثر وضوحًا حول التحرك الأخير. 24.5 ألف هو أعلى مستوى أدنى سابق تم تسجيله في أغسطس. لكي يعكس البيتكوين الاتجاه الهبوطي منذ نوفمبر 2021، فإنه يحتاج إلى تسجيل أعلى مستوى أعلى من أعلى مستوى أدنى سابق.

لذلك، يحتاج البيتكوين إلى الوصول إلى 24.5 ألفًا على الأقل قبل أن نتمكن من اعتبار هذا قاعًا محتملًا على المدى الطويل.