Na The Daily Hodl - 11 marama ki muri - Te Wa Panui: 3 meneti
Top Trader Updates Outlook on Bitcoin and One New Ethereum Rival, Says This Crypto Asset Class Is Going to Zero
A popular crypto strategist is updating his outlook on Bitcoin (BTC) me tetahi Ethereum (Tuhinga) rival as he warns memecoins are likely to collapse.
Kaitātari pseudonymous Altcoin Sherpa ka korero ona 195,100 Twitter peepee e Bitcoin continues to lack a clear upward or downward trend and remains trading sideways.
According to his chart, Sherpa says Bitcoin has been chopping around in the $25,000 to $30,000 range for the past 48 days. The previous range Bitcoin chopped around in was between about $19,500 and $25,000 and that lasted 57 days.
“BTC: The problem for most traders the last six months is that there hasn’t been a continuous trending environment like in 2020 and 2021 (for alts). Lots of chop overall and just a few trending weeks followed by more chop. Know yourself and where to trade.”
Puna: Altcoin Sherpa/TwitterBitcoin is trading for $29,305 at time of writing, up 1.5% during the past 24 hours.
Also on the trader’s radar is the new layer-1 blockchain Sui Network (Tuhinga).
Based on Fibonacci retracement levels, a method of technical analysis for determining an asset’s support and resistance levels, Sherpa whakapono SUI will revisit a lower range of $1.29. However, he warns if Bitcoin dips, SUI could drop down to $1.24.
“SUI: Expecting range lows to come eventually around $1.29, but it’s going way lower if Bitcoin shits the bed IMO (In my opinion). Still, it looks like somewhat accumulation phase as long as BTC is stable.”
Puna: Altcoin Sherpa/TwitterSui Network is worth $1.31 at time of writing, down 1.9% during the past 24 hours.
I muri mai, ko te kaihokohoko whakataimaha in on skyrocketing Pepe (PIRIPA), a memecoin that launched last month. He warns Pepe and other meme tokens are likely going to collapse.
“PEPE derivatives are going to moon, aka all the other memecoins right now. But be warned; these are all going to go to $0 and will be short lived. Full on casino over the next few weeks IMO (in my opinion), same story as it always is.”
Lastly, Altcoin Sherpa looks at layer-2 scaling solution Arbitrum (ARB).
He Waitohungia Aribitrum will dip lower by looking at several Exponential Moving Averages (EMAs) and the Fibonacci retracement levels. Traders look at the EMA to determine whether an asset’s price is in a downtrend. If the price is below the EMA, then the asset is likely going to remain bearish.
“ARB: Haven’t paid as much attention to this one lately, but I wouldn’t be surprised if it falls through and goes to the $1.15-$1.20 area again. This is still a great chain but new flavor of the month (SUI) + memecoin madness (PEPE) are sucking liquidity out of ‘normal’ coins.”
Puna: Altcoin Sherpa/TwitterArbitrum is worth $1.36 at time of writing, up 3% during the past 24 hours.
Kaua e ngaro tetahi Patu - Ohauru ki te tuku matohi i nga imeera crypto kua tukuna totika atu ki to pouaka pouakaTirohia Mahi Price
A pee i tatou i runga i Twitter, Facebook a waea
Surf Te ranu Hodl ia ra
Tirohia nga Upoko Panui Hou
Whakakahoretanga: Ko nga whakaaro i whakaatuhia i The Daily Hodl ehara i te tohutohu haumi. Me whai whakaaro nga kaipakihi i mua i te whakangao haumi morearea nui Bitcoin, cryptocurrency nga rawa mamati ranei. Tena koa kia tupato ko o whakawhitinga me o tauhokohoko kei i a koe ano, a ko nga ngaronga ka riro i a koe kei a koe. Kaore te Daily Hodl e taunaki i te hoko atu, te hoko atu ranei i tetahi moni crypto, i nga rawa matihiko ranei, kaore ano hoki te Daily Hodl hei kaitohutohu haumi. Kia mahara kei te uru atu te Daily Hodl ki te tauhokohoko hononga.
Whakaahua Whakaatu: Shutterstock/Kartavaya Olya/Sol Invictus/monkographic
Ko te pou Top Trader Updates Outlook on Bitcoin and One New Ethereum Rival, Says This Crypto Asset Class Is Going to Zero i puta tuatahi Te Hodl Daily.
Kuputuhi taketake: Te Hodl Daily