{"id":178605,"date":"2023-10-21T17:44:49","date_gmt":"2023-10-21T12:14:49","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=178605"},"modified":"2023-10-21T17:44:49","modified_gmt":"2023-10-21T12:14:49","slug":"crypto-analyst-tone-vays-issues-bitcoin-alert-warns-traders-not-to-go-crazy-as-btc-soars-by-10-this-week-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/crypto-analyst-tone-vays-issues-bitcoin-alert-warns-traders-not-to-go-crazy-as-btc-soars-by-10-this-week-crypto-news\/","title":{"rendered":"Crypto Analyst Tone Vays Issues Bitcoin Alert, Warns Traders Not To \u2018Go Crazy\u2019 As BTC Soars by 10% This Week &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Veteran crypto trader Tone Vays is predicting that Bitcoin\u2019s (<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/currencies\/bitcoin\/\">BTC<\/a>) latest rally will end before reaching a key level.<\/p>\n<p>In a new strategy session, Vays<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=ZNSu7a41dUY\"> tells<\/a> his 122,000 YouTube subscribers that despite BTC\u2019s 10% surge this week, he does not believe the king crypto will hit the $32,000 level.<\/p>\n<p><em>\u201cLet\u2019s not go crazy here. I still think there\u2019ll be a pullback sometime in November. I don\u2019t think this is rallying to $32,000.\u201d <\/em><\/p>\n<figure id=\"attachment_263380\" aria-describedby=\"caption-attachment-263380\" style=\"width: 2697px\" class=\"wp-caption aligncenter\"><figcaption id=\"caption-attachment-263380\" class=\"wp-caption-text\">Source: Tone Vays\/YouTube<\/figcaption><\/figure>\n<p>Looking at the trader\u2019s chart, Vays seems to predict that Bitcoin will fall to around $28,000 before taking out the top of the range at $31,000 and rallying above $34,000.<\/p>\n<p>Bitcoin is trading for $29,573 at time of writing.<\/p>\n<p>Next, the trader warns that Ethereum (<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/currencies\/ethereum\/\">ETH<\/a>) is forming a double-bottom pattern against Bitcoin (ETH\/BTC). While the double-bottom pattern is typically seen as a bullish formation, Vays believes that the pattern\u2019s support will not hold for ETH\/BTC, setting up the pair for more downside price action.<\/p>\n<p><em>\u201cEthereum is making new lows against Bitcoin. This is not surprising. Ethereum is in a very critical support area\u2026 <\/em><\/p>\n<p><em>On a monthly scale, Ethereum still has significantly more downside. This is a very nasty double bottom. This is very bad for Ethereum. This sets up Ethereum to go significantly lower.\u201d<\/em><\/p>\n<figure id=\"attachment_263379\" aria-describedby=\"caption-attachment-263379\" style=\"width: 2284px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-263379 size-full\" src=\"https:\/\/dailyhodl.com\/wp-content\/uploads\/2023\/10\/Screen-Shot-2023-10-20-at-4.50.58-PM.jpg\" alt=\"\" width=\"2284\" height=\"1268\" \/><figcaption id=\"caption-attachment-263379\" class=\"wp-caption-text\">Source: Tone Vays\/YouTube<\/figcaption><\/figure>\n<p>ETH\/BTC is trading for 0.0543 BTC ($1,608) at time of writing.<\/p>\n<p>Lastly, the trader predicts that the peer-to-peer payments network Litecoin (<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/currencies\/litecoin\/\">LTC<\/a>) will continue its decline against Bitcoin (LTC\/BTC) based on historical price patterns after LTC halving events.<\/p>\n<p><em>\u201cLitecoin is on its way to an 80% destruction. I\u2019ve made this very clear many times. Every time Litecoin halves, the price of Litecoin goes down 80%. This happened after the Litecoin halving in 2015, after the Litecoin halving in 2019, and [likely] after the Litecoin halving in 2023\u2026 <\/em><\/p>\n<p><em>We\u2019re down 30%. We need to go 80%.\u201d<\/em><\/p>\n<figure id=\"attachment_263377\" aria-describedby=\"caption-attachment-263377\" style=\"width: 2294px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" loading=\"lazy\" class=\"wp-image-263377 size-full\" src=\"https:\/\/dailyhodl.com\/wp-content\/uploads\/2023\/10\/Screen-Shot-2023-10-20-at-4.38.55-PM.jpg\" alt=\"\" width=\"2294\" height=\"1351\" \/><figcaption id=\"caption-attachment-263377\" class=\"wp-caption-text\">Source: Tone Vays\/YouTube<\/figcaption><\/figure>\n<p>Looking at his chart, the trader seems to believe that against Bitcoin, Litecoin will decline to 0.000570 BTC ($16.83).<\/p>\n<p>LTC\/BTC is trading for 0.00214 BTC ($63.64) at time of writing.<\/p>\n<p><iframe loading=\"lazy\" title=\"Very Nice Bitcoin Pump! Ripple News or Something More?\" width=\"740\" height=\"416\" src=\"https:\/\/www.youtube.com\/embed\/ZNSu7a41dUY?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen><\/iframe><\/p>\n<p><span style=\"color: #ffffff\">I <\/span><\/p>\n<p><em><span style=\"font-size: 13pt\">Don&#8217;t Miss a Beat \u2013 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/join-the-daily-hodl-email-list\/\">Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em><br \/>\n<br \/>\n<em><span style=\"font-size: 13pt\">Check <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/crypto-markets\/\">Price Action<\/a><\/span><\/em><br \/>\n<br \/>\n<em><span style=\"font-size: 13pt\">Follow us on <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/TheDailyHodl\">Twitter<\/a>, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.facebook.com\/thedailyhodl\/\">Facebook<\/a> and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.me\/thedailyhodl\">Telegram<\/a><\/span><\/em><br \/>\n<br \/>\n<em><span style=\"font-size: 13pt\">Surf <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/daily-hodl-mix\">The Daily Hodl Mix<\/a><\/span><\/em><br \/>\n<\/p>\n<div class=\"hideinamp\">\n<p><a rel=\"nofollow noopener\" target=\"_blank\" class=\"maxbutton-4 maxbutton maxbutton-check-out-the-latest-headlines-bigger\" href=\"https:\/\/dailyhodl.com\/news\/\"><span class=\"mb-text\">Check Latest News Headlines<\/span><\/a><\/p>\n<p>&amp;nbsp<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"\" src=\"https:\/\/dailyhodl.com\/wp-content\/uploads\/2018\/06\/Get-Alerts-728x90.png\" width=\"800\" height=\"99\" \/><\/p>\n<h6>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 loses 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.<\/h6>\n<\/div>\n<p><span style=\"font-size: 10pt\"><em>Featured Image: Shutterstock\/Vadim Sadovski\/Chuenmanuse<\/em><\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Veteran crypto trader Tone Vays is predicting that Bitcoin\u2019s (BTC) latest rally will end before reaching a key level. In a new strategy session, Vays tells his 122,000 YouTube subscribers that despite BTC\u2019s 10% surge this week, he does not believe the king crypto will hit the $32,000 level. \u201cLet\u2019s not go crazy here. I [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":178606,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-178605","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/178605","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=178605"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/178605\/revisions"}],"predecessor-version":[{"id":178608,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/178605\/revisions\/178608"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/178606"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=178605"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=178605"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=178605"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}