A widely followed crypto analyst says he’s still waiting for a clear point of view after Bitcoin’s (BTC) recent price drop.
Pseudonymous trader Altcoin Sherpa tells his 183,100 Twitter followers that BTC’s price action is up and down at the moment.
“BTC: Price is fractal, we’re seeing this same price action – stairs up, elevator down. It’s happening on a lower scale than the last few months, though. Let’s see where the smoke clears from this recent move down.”
“ATOM: Lots of interaction with the 200D [exponential moving average] right now, let’s see if it can flip it. Doing that in this current environment would be very very strong in my opinion… “
“DOT: Price has been chopping around the last several months, think this is accumulation or price pausing before further dumping?”
“FTT: A lot of people talking about this one lately- I don’t see it. It’s easy to say that in hindsight with yesterday’s dump but I’ve always thought FTT was kind of a shitty coin to hodl. Yes, [centralized exchange] tokens are supposedly safe in bear markets (see: BNB) but the two are not similar.”
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