Analyst Known for Calling Bottoms Flips Bullish on Two Low-Cap Altcoins, Says a Lot of Traders Are Sidelined – Crypto News – Crypto News
Connect with us
Trader Says One Large-Cap Altcoin Appears Ready To Outperform Bitcoin, Forecasts New All-Time High Against BTC Trader Says One Large-Cap Altcoin Appears Ready To Outperform Bitcoin, Forecasts New All-Time High Against BTC

others

Analyst Known for Calling Bottoms Flips Bullish on Two Low-Cap Altcoins, Says a Lot of Traders Are Sidelined – Crypto News

Published

3 years ago

on

A crypto strategist who nailed Bitcoin’s (BTC) bear market bottom in 2018 says he has his radar locked on two low-cap altcoins.

Pseudonymous crypto analyst Bluntz tells his 223,100 Twitter followers that the blockchain-indexing protocol The Graph (grt) appears to be mirroring Bitcoin’s price action earlier this year when it rallied from $17,000 to above $30,000.

According to Bluntz, GRT broke out of an ascending channel and now looks poised for a rally towards its target of $0.135.

“Beautiful channel breakout on GRT after (a) slow grind up. (The) last time I saw this exact structure/pattern was the BTC $17,000 breakout before it ran to $31,000.

I love this pattern. I am long and strong on GRT.

Source: Bluntz/Twitter

At the time of writing, GRT is trading for $0.126.

Next up is the decentralized machine-learning network Fetch.ai (FET, According to Bluntz, FET looks bullish after bouncing close to the 0.786 Fibonacci level.

“Solid reaction down here on FET daily chart.

The left curve ape in me is wondering if it can catch some of the hype in AI stocks.”

Images
Source: Bluntz/Twitter

At the time of writing, FET is trading for $0.265.

Another altcoin on the trader’s list is the peer-to-peer payments network Litecoin (LTC, According to Bluntz, Litecoin appears headed towards its target of $100 after respecting the 0.618 Fibonacci level as support.

“Beautiful reaction from the 0.618 on LTC. Next stop around the $100 resistance, in my opinion, then we’ll re-evaluate from there.”

Images
Source: Bluntz/Twitter

At the time of writing, LTC is trading for $91.59.

Bluntz also says that he believes Many traders are currently sitting on the sidelines even though crypto is beginning to show signs of bullishness.

“Interesting to see crypto up after such a long drawn-out crab market/slowly down and (with) so little enthusiasm on the timeline. My takeaway from that is a lot of people seem to be sidelined.”

Don’t Miss a Beat SUBSCRIBE to get crypto email alerts delivered directly to your inbox

check price action

Follow us on Twitter, facebook and Telegram

surfing The Daily Hodl Mix

Check Latest News Headlines

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/issaro prakalung

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending