A popular crypto trader and analyst is expressing bullish sentiment for Bitcoin (BTC) with a caveat.
Псевдонимниот трговец со крипто Алткоин Шерпа кажува his 174,900 Twitter followers that he is “cautiously bullish” on Bitcoin while noting that corrections have typically followed BTC’s upward moves in the past.
According to Altcoin Sherpa, his bullish thesis will be invalidated if the key support level of between $36,000 and $37,000 is breached.
“BTC: Although I’m still cautiously bullish until we lose $36,000 – $37,000 on high time frame charts, it’s important to note that every single one of these moves has quickly retraced. A few observations, though…
1- We saw some big moves in February and March followed by quick retracement.
2- The ‘pumps’ and ‘dumps’ have been noticeably smaller over the last few weeks.
3- I’m still hopeful/believe that we’ll see a pump to $50,000 – $55,000 before potential new lows.”
Bitcoin се тргува за 39,480 долари во моментот на пишување.
Next up is the primary token of the Bored Ape Yacht Club non-fungible token (NFT) collections, ApeCoin (APE).
While laying out two likely scenarios for APE, Altcoin Sherpa вели that the Bored Ape Yacht Club’s primary token is more likely to break out of the current range than remain in the present zone.
“APE: There are 2 outcomes here in my opinion: One is a V-shaped reversal to the $19 – $20s and price dumps big after. The second is a longer sustainable high time frame bottom where price chops between $15 – $17 for a while and then we see a more sustained move. I’m leaning more towards the first one.”
Апекоин се тргува за 15.67 долари во моментот на пишување.
Next up is the utility token of the Ethereum-based NFT marketplace LooksRare (LOOKS). Altcoin Sherpa вели that LOOKS is set to appreciate by over 10% from current levels.
“LOOKS: I’m still in this trade, I bought at $1.75, $1.60, and $1.40. Should have bought a lot more at $1.40 but is what it is, a bit out of the loop in the market right now. I still think that this is going to the low $2s at a minimum. Will sell partial around there.”
ЛУКС се тргува за 1.76 долари во моментот на пишување.
Altcoin Sherpa concludes with the native token of the decentralized application platform Near Protocol (NEAR).
Using a chart indicating that NEAR is currently approaching a key 0.5 Fibonacci resistance level while trading under the 200 moving average on the four-hour chart, Altcoin Sherpa вели that traders should now reduce their positions in the token.
“NEAR: would probably get ready to take some profits soon if in this.”
Близу се тргува за 12.51 долари во моментот на пишување.
Провери Цена Акција
Не пропуштајте бит - Зачленете се да добивате предупредувања за крипто-е-пошта директно до вашето сандаче
Следете не на Twitter, Facebook Телеграма
Сурфаш Дејли Ходл Микс
Одрекување: Мислењата изразени во The Daily Hodl не се совети за инвестиции. Инвеститорите треба да ја направат својата претпазливост пред да направат какви било инвестиции со висок ризик во Bitcoin, cryptocurrency или дигитални средства. Ве молиме, ве советуваме дека вашите трансфери и занаети се на ваш сопствен ризик и сите загуби што може да ги направите ќе бидат ваша одговорност. Дневниот Ходл не препорачува купување или продажба на криптовалути или дигитални средства, ниту пак Дејли Ходл е советник за инвестиции. Забележете дека The Daily Hodl учествува во здружениот маркетинг.
Featured Image: Shutterstock/Aphelleon/Vladimir Sazonov
Source: https://dailyhodl.com/2022/05/06/top-trader-is-cautiously-bullish-on-bitcoin-btc-charts-apecoin-ape-ethereum-rival-and-one-other-altcoin/