Original alert sent to Messari Intel subscribers https://t.co/OyZ8RDDeSF
Tag: Subscribers
Veteran Analyst Tone Vays Says Bitcoin Targeting $28,000 As Year Comes to a Close
Wall Street veteran and crypto strategist Tone Vays says he expects Bitcoin to end 2020 with a bang.
In a new strategy session, Vays tells his 96,000 subscribers that he believes Bitcoin will maintain its uptrend as technical indicators flash bullish signals.
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Vays relies on the relative strength index (RSI), moving average convergence/divergence (MACD), and the Chaikin Money Flow (CMF), which are technical indicators that reveal the strength of an asset’s trend and momentum.
“The RSI on the daily chart is back in the overbought territory, which tells you to just stay with your bullish trade for now. The MACD is at a beautiful area right there and it is also telling you to just stay with the bullish trade. You don’t know when it’s going to turn. And the CMF is also fully, fully bullish. So there’s not much here to scare you.”
With momentum on the side of the bulls, Vays expects the leading cryptocurrency to break out of consolidation and explode to a new all-time high.
“We’re looking at the daily chart. I drew this mini triangle situation going on. We got the green star. I believe this green star will hold going to end of day and this sets us up nicely for one more bounce.
There’s two ways to look at the size of the bounce. One way to look at it is to take the move that we had, like an average move, from the breakout area which was a $4,000 move and we extend it forward from consolidation. That would be another $4,000 move, taking us to just above $28,000.”
But not all traders are expecting Bitcoin to break out just yet. Crypto strategist Smart Contracter, who’s known in the industry for pinpointing the BTC 2018 bear market bottom, says he expects the leading cryptocurrency to continue its sideways consolidation before blasting off to a new all-time high at the start of 2021.
“BTC finding resistance on 4h right back up at the ATH range highs. [Bitcoin] could end up forming a larger re accumulation range here.”
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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.
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After XRP Bombshell, Crypto Analyst Says 5 Altcoins Are Likely Safe From SEC
Crypto strategist and influencer Tyler Swope is naming five altcoins that he believes are likely not in the crosshairs of the U.S. Securities and Exchange Commission (SEC).
In a new video, Swope tells his 163,000 subscribers that the SEC’s lawsuit against Ripple could foreshadow future action against other crypto projects.
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“The evidence mounted against Ripple, it’s fierce and this time, precedent could be set as the lawsuit, it is in federal court with the SEC. The outcome, it will have ramifications not only for Ripple, XRP, and those involved, but those that fall within the securities basket.”
The trader highlights a select group of altcoins that he thinks will likely not be targeted. He says tokens of decentralized autonomous organizations (DAOs) like PieDAO’s DOUGH are at the top of his safe list.
“It’s obvious if an altcoin or project raised no funds from investors, they more than likely don’t have much to worry about right now. And even better is when a project is run by a DAO, decentralized autonomous organization. Thus, there is no company, aka Ripple, to go after.”
Swope also says that projects that raised funds with SEC approval should also be safe. He mentions two noteworthy projects that received the green light from the regulatory body: enterprise-grade blockchain for the energy space Energy Web Chain (EWT) and DApp and smart contract builder Blockstack (STX).
Swope highlights Energy Web chief executive Walter Kok’s statement saying that regulatory compliance is a must as the project runs its operation on a global scale.
As for Blockstack, Swope notes that the project is the first to put together an SEC-qualified token offering to the public via Regulation A+, which he refers to as the “mini IPO (initial public offering).”
Another token type that’s safe, according to Swope, are projects that launched airdrops such as decentralized exchange Uniswap (UNI) and decentralized exchange aggregator 1inch.
“They are just governance tokens and of course, no money was raised. So Uniswap, it’s most likely safe… Guess who just updated their GitHub with a token and the contract was deployed to the Ethereum blockchain, as we can see 1inch.”
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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.
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Crypto Analyst Nicholas Merten Says Altcoin Cycle Approaching, Tracks State of Bitcoin, Ethereum and Litecoin
Popular crypto strategist Nicholas Merten is keeping a close watch on Bitcoin, Ethereum, XRP, and Litecoin.
In a new edition of DataDash, Merten maps out to his 363,000 subscribers the levels to watch for BTC.
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“We are in uncharted territory. This is a first for where Bitcoin is in its price history. So, we can see here right now that we’re holding generally around [$22,250]. You can see we dipped a little bit lower here but right now we’re roughly holding the support range we’ve had back here through December 17th to the 18th and it will be a question here whether we can maintain this level.
If we do start to curve back over here [$21,900], I would feel a bit of a warning sign’s coming out of the market; that we are going to dip down and do something that a lot of people don’t want to see and that’s a breakdown towards $20,000 or to the upper $19,000 range where the official all-time highs were previously from the last cycle to make it new support.”
Merten says that Bitcoin is already overextended and that we might see a shift in liquidity as investors rotate their profits into leading altcoins.
“Are we going to see altcoins start to see yet again altcoins start to take some of that market valuation, some of that liquidity, some of the market dominance? I really think that’s the case.”
The crypto strategist is looking at Ethereum (ETH/USD) and highlights that it is far from its all-time high.
“When I look at Ethereum, it’s in a much more healthy cycle. There’s not some absolute major overshoot. It’s not in its all-time highs.”
Merten also tracks the performance of Litecoin (LTC/USD) and notes. that the coin is maintaining its steady uptrend.
“Litecoin, holding up very healthily here. Nothing too crazy.”
Although the broader crypto market is currently going through a correction, Merten says that an altcoin season is in sight.
“What we saw back in the summer was not the altcoin cycle. We have yet to hit that altcoin cycle but we’re getting very, very close. We’ve had our precursor rallies in a lot of these altcoins and I can tell you all, you want to keep an eye on those major altcoins because some of them are starting to hold nicely.”
Merten emphasizes that LTC/BTC is trading near critical support at around 0.004 where it pumped 3x to 5x based on its historical price action. He’s also keeping a close watch on ETH/BTC which he says is also trading at a key support level.
“In this case, what we’ve got are discount opportunities where altcoins are really cheap right now. This is again where you see capital cycle in and out of different markets within the crypto space.”
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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.
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The Wolf Den Newsletter just went out to paid subscribers. Lots of discussion of the @Ledger hack, @elonmusk and my Bitcoin short. Also some trade ideas on $LINK and $ORN. $15 a month to get it every week day.
The Wolf Den Newsletter just went out to paid subscribers. Lots of discussion of the @Ledger hack, @elonmusk and my Bitcoin short. Also some trade ideas on $LINK and $ORN.
$15 a month to get it every week day.
https://t.co/LZdIOJoq4p
The Wolf Den Newsletter just went out to paid subscribers. Lots of discussion of the @Ledger hack, @elonmusk and my Bitcoin short. Also some trade ideas on $LINK and $ORN. $15 a month to get it every week day.
The Wolf Den Newsletter just went out to paid subscribers. Lots of discussion of the @Ledger hack, @elonmusk and my Bitcoin short. Also some trade ideas on $LINK and $ORN.
$15 a month to get it every week day.
https://t.co/LZdIOJoq4p
Crypto Analyst Lark Davis Forecasts Best Investments of the Decade, Says 100x Gains Coming to Long-Term Investors
Crypto analyst and influencer Lark Davis is predicting the best investments of the next 10 years that he says have the potential to bring 100x gains.
In a new YouTube video, Davis tells his 163,000 subscribers that the number one group of assets on his list are cryptocurrencies which he refers to as “fintech on steroids” in terms of innovation.
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“2020 has been the year where we saw crypto go from a fringe investment for the more adventurous investor to really serious stuff for millionaires, billionaires, companies – all these guys – hedge funds, family offices, publicly listed companies. They’re all buying Bitcoin, and Ethereum, and crypto assets outside of that will start to be picked up eventually as well.”
Davis highlights the entry of big-name players such as Paul Tudor Jones and PayPal as a sign that the crypto market will mature in the next decade.
The influencer names Bitcoin (BTC) and Ethereum (ETH) as the safe bets in crypto, but he notes that investors should keep a close eye on the decentralized finance (DeFi) space.
“The biggest area probably to be watching right now is decentralized finance. This has the potential to completely disrupt and to rework global markets. We have powerful players like Aave and Uniswap (UNI) already emerging. And of course, due to the wild west nature of cryptocurrency, it’s going to be a big area of growth but it’s also going to be a big area of risk. It’s highly volatile. Something worth keeping in mind.”
In addition to crypto, Davis names renewable energy as another sector that long-term investors should consider.
“The sun is setting on oil and the sun is rising on renewables. We have a massive transition which is underway right now towards adopting renewables at a high level globally. Estimates are $3.4 trillion will be invested this decade.”
Third on the list is electric vehicles which he refers to as a “total slam dunk” from an investor perspective as countries around the world move to outlaw petrol vehicles.
“We have 1.4 billion cars that are going to need to be replaced with electric cars in the coming two or three decades.”
At number four is the internet. Davis says the World Wide Web is primed to go through a major overhaul as sectors like artificial intelligence, 5G, internet of things (IoT), augmented reality, and wearable techs among others emerge in the coming years.
Last on Davis’ list is clean meat. The analyst highlights the growth of the human population as the primary catalyst of this sector.
“By 2050, we will have another three billion mouths to feed. Already, our obsession with eating massive amounts of meat is using up the majority of our croplands. It’s leading to climate change, deforestation, forcing our oceans and rainforests towards dangerous tipping points… The only solution to scale up meat production to feed 10 billion people is clean meat, real animal tissue grown in a factory. It will be safer, cheaper, and way, way more sustainable and environmentally friendly.”
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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.
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The Wolf Den Newsletter just went out to paid subscribers, with deep analysis on Bitcoin from myself and @intotheblock and much more. Honestly, this issue is basically just me spiking the football and doing a dance in the end zone. $15 a month to join!
The Wolf Den Newsletter just went out to paid subscribers, with deep analysis on Bitcoin from myself and @intotheblock and much more.
Honestly, this issue is basically just me spiking the football and doing a dance in the end zone.
$15 a month to join!
https://t.co/B6SKctDl0S
These 10 Crypto Assets Could Go Mainstream in 2021, Says Popular Altcoin Trader
Crypto trader and strategist Austin Arnold is naming 10 crypto assets that he believes could have an explosive 2021. In a new video, the Altcoin Daily host tells his 287,000 subscribers why Bitcoin is at the top of his list. The trader points to strong institutional demand even while the leading cryptocurrency trades close to […]
The post These 10 Crypto Assets Could Go Mainstream in 2021, Says Popular Altcoin Trader appeared first on The Daily Hodl.
3 Incoming Crypto Airdrops Will Be Largest in DeFi History, Says Popular Analyst – Here’s How to Reap the Potential Rewards
Crypto analyst and influencer Tyler Swope is unveiling three incoming crypto airdrops which he says will be bigger than Uniswap. In a live stream session, Swope tells his 159,000 subscribers that he’s keeping a watchful eye on the Honey Badger hunt airdrop. Badger DAO, the project behind the airdrop, is looking for users who accelerate […]
The post 3 Incoming Crypto Airdrops Will Be Largest in DeFi History, Says Popular Analyst – Here’s How to Reap the Potential Rewards appeared first on The Daily Hodl.