Popular crypto analyst Michaël van de Poppe thinks history is repeating itself and that Bitcoin (BTC) will have a market rally in the coming months.
Van de Poppe tells his 536,400 Twitter followers that the crypto market will continue to bottom this month into January before altcoins begin a run in Q1 of 2022, followed by BTC the next quarter.
Van de Poppe thinks a market correction will occur in Q3, followed by a bull run to end in Q4.
Says the analyst,
“If I’d want to position myself well, I’d want to buy into crypto at this stage.
The sentiment is still not the best, while many altcoins are down a lot, some even 80% since their ATH [all-time high].
The adoption is even growing and price-wise, those coins are in heavy support zones.”
Van de Poppe also says it’s a good time to invest in VRA, the native token for Verasity. Verasity is a decentralized next-generation video-sharing blockchain network that offers reward incentivized infrastructure to major publishers and game developers worldwide.
VRA, the 363rd-ranked crypto asset by market cap, is trading at $0.035002 at time of writing, up by more than 11% in the past 24 hours.
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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.
Widely followed crypto strategist and trader Michaël van de Poppe is outlining what’s next for Bitcoin (BTC), Chainlink (LINK) and the low-cap altcoin Verasity (VRA).
Van de Poppe tells his 523,000 Twitter followers that he sees Bitcoin climbing as high as $53,000 before igniting another pullback to around $46,000.
“Bitcoin held the level at $47,800 after breaking beneath, through which the other side of the range was tested.Breakout & now onto next resistance points at $51,600 and $53,600.
Altcoins following.”
Source: Van de Poppe/Twitter
According to Van de Poppe’s chart, the corrective move below $50,000 will allow Bitcoin to retest a key support level and potentially form a local bottom.
Next up is the decentralized oracle network Chainlink, which Van de Poppe says is likely constructing a bottom against Bitcoin (LINK/BTC).
“Chainlinkis still following this scenario here.”
Source: Van de Poppe/Twitter
Looking at Van de Poppe’s chart, he expects LINK/BTC to rally from support at 0.0004 BTC ($20.28) to around 0.0008 BTC ($40.56), indicating a potential upside of about 100%.
The crypto trader is also keeping a close watch on Verasity, a decentralized next-generation video-sharing blockchain network that provides video player technology to major publishers and game developers worldwide.
According to Van de Poppe, he sees Verasity correcting in its Bitcoin pair (VRA/BTC) to carve a double bottom pattern at 0.0000007 BTC ($0.035) before igniting its next leg up.
“Massive bounce fromVRAhere. Looks good, good daily candle as well. The crucial resistance lies around 0.00000095 BTC ($0.048). If that breaks, we’re in for a new impulse run.”
Source: Van de Poppe/Twitter
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Popular crypto analyst Michaël van de Poppe thinks things will get worse in the digital asset markets before they get better.
The crypto trader tells his 510,700 Twitter followers that he could see Bitcoin (BTC) dropping to the $49,000 range in the next month or so.
Van de Poppe does believe, however, that altcoins will take off in early 2022.
“I still assume something like this will be happening on BTC.
It’s close to the end of the correction, but will probably wash out a few more peeps.
Altcoins to drop some more and accelerate from January onwards. Going to be fun.”
Source: CryptoMichNL/Twitter
BTC is trading at $57,429.47 at time of writing.
The crypto analyst adds that altcoins are “bleeding” right now because traders want to minimize their risk due to market uncertainty and fears of a possible bear market.
“Patience is required, but the next run is going to be fun.”
Van de Poppe also predicts that Cardano will lose value against Bitcoin (ADA/BTC) for the rest of 2021 before finding support at 0.000023 BTC ($1.31) and potentially reversing its trend by early next year.
Source: CryptoMichNL/Twitter
Cardano is currently trading at $1.60.
Van de Poppe also analyzes the recent price action of VRA, the utility token of Verasity, a decentralized video-sharing blockchain network.
The analyst says the 301st-ranked crypto asset by market cap has endured a “natural and healthy” correction.
“Also, when it comes to Verasity and trading in general.
This one hit the 1.618 Fibonacci extensions beautifully. After that, a natural and healthy correction. The first [support/resistance] flip taking place here, might be done.
To me, completely fine as price action.”
Source: CryptoMichNL/Twitter
VRA is trading at $0.057956 at time of writing.
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Crypto analyst Justin Bennett is looking at how Bitcoin (BTC), Ethereum (ETH), and three other altcoins will move after BTC tumbles from its all-time high.
As Bitcoin threatens to plunge below $60,000, the founder of Cryptocademy says he sees a “ton of confluence” for the largest crypto asset by market cap around $55,000.
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“There’s a ton of confluence around $55,000. However, don’t forget that the September high near $53,000 could also play a role… Key resistance above $60,000 comes in at $63,600 and $67,000.”
Source: Justin Bennett/CryptoAcademy
The crypto trader says that Ethereum should not fall below the critical support level at $3,900, which the coin is currently testing.
“If we get the latter [below $3,900], I’ll be keeping an eye on the $3,700 area…
As I’ve maintained for a while now, ETH/USDT needs to clear $4,370 on a daily closing basis to secure the breakout and enter price discovery.”
Source: Justin Bennett/CryptoAcademy
Dogecoin (DOGE) just moved above the new support near $0.23, but the analyst says it may not be the best time to buy the altcoin because it is testing lower levels.
“Today’s session would need to close inside of Tuesday’s range for it to be considered a bullish signal. Tuesday’s low was $0.2520, so that’s the level to close above.
If DOGE can do that, we could see this market move back to $0.27 resistance. And if it doesn’t, then it likely slides lower toward $0.23 support.”
Source: Justin Bennett/CryptoAcademy
After VeChain (VET) quickly dropped by 21% in recent days, Bennett says the coin’s movement will depend on BTC. He says VeChain’s resistance level will be back to $0.155 if Bitcoin has already hit its bottom price.
“However, a deeper correction toward $53,000 BTC could put VET in the $0.10 to $0.11 range, especially as we’ve seen VET/BTC reach resistance and sell-off today.
Of course, if the bottom for Bitcoin is already in, then VET should hold its current level and move back to $0.155 resistance.”
Source: Justin Bennett/CryptoAcademy
Bennett is also expecting Verasity (VRA) to pull back amid a rally following its $0.05 breakout.
“If VRA/USDT does pull back to the $0.055 – $0.065 support area, it could present a favorable buying opportunity. Key resistance is $0.085.”
Source: Justin Bennett/CryptoAcademy
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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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A popular crypto strategist and trader says six mid-to-large cap altcoins will likely shine brighter than Bitcoin (BTC) in the coming months.
The pseudonymous crypto analyst known in the industry as Capo tells his 173,000 Twitter followers that he expects big moves from the smart contract platform Cardano (ADA).
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ADA is currently trading at $2.28, virtually the same from a week ago after battling back from a low of $2.13 on Wednesday.
Capo, who uses Elliot Wave theory for much of his analysis, says ADA and a number of additional crypto assets appear to be at the start of a fresh altcoin season.
Elliot Wave theory is a form of technical analysis that aims to predict future price movements by identifying collective trader psychology that appears on charts in waves.
He points to a new bull wave that appears to be starting in the Altcoin Perpetual Futures Index as one sign of what’s to come.
“ALTPERP bullish trend is intact too. It’s also forming a potential cup and handle, whose minimum extension is very high. Maybe the w3 is starting here because many altcoins are starting their w3.
Source: Capo/Twitter
Capo is also looking for NOIA, the native token of the Syntropy ecosystem, to outperform BTC in the weeks and months ahead. Syntropy is an open-source protocol aimed at improving the internet via encryption and optimized performance. NOIA is priced at $0.40 at time of writing, up 14% over the past week, according to CoinGecko.
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Next on the analyst’s list is COTI, an enterprise-grade platform that allows organizations to build their own payment solutions and digitize any form of currency using the networked datastructure protocol Trustchain. CoinGecko pegs COTI at $0.52, down 14% from $0.60 a week ago.
Next up is the decentralized machine-learning network Fetch.ai. The FET token is valued at $0.75, down 35% from its all-time high of $1.17 in early September.
The Ethereum-based virtual world known as The Sandbox is also on Capo’s list of coins that appear ready to outrun Bitcoin. The platform’s native token SAND is designed to allow users to monetize their gaming experience. SAND currently sits at $0.79, having ranged between $0.76 and $0.88 since last Friday, according to CoinGecko.
Last on Capo’s list is the eSports and blockchain-based video entertainment protocol Verasity. Its native token VRA is up 60% over the last week to $0.05, including a 30% surge over the past 24 hours.
Capo further explains in a lengthy thread why he’s seeing a new altcoin season in the making. He says Bitcoin appears to be targeting the six-figure mark.
“During bull markets money tends to flow from Bitcoin to altcoins, because people [are] greedy and always want more profits.
Now Bitcoin is confirming the bullish scenario, and $100k and higher targets are likely to happen in the next few months. This would create the perfect scenario for people to get comfortable and start speculating on altcoins.”
He is also seeing signs that Bitcoin’s dominance of the overall crypto market cap will lower but does warn of the potential of a major correction in early 2022, which might end the altseason as well as the overall crypto bull cycle.
“Huge hidden bearish divergence showing up, and the green support is getting weaker.
In my opinion, it will take the 2018 lows (36.50%) and the altseason could end there.”
Source: Crypto Capo/Twitter
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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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