What is going with Bitcoin, Cosmos, Polkadot, and One Ethereum, said Top Crypto Trader
A widely followed crypto analyst says he is still waiting for a clear view following the recent Bitcoin (BTC) price crash.
Trader nicknamed Altcoin Sherpa told his 183,100 Twitter followers that BTC price action is up and down right now.
“BTC - price is Fractal, we are seeing the same price action - stairs up, elevator down. However, it is happening on a smaller scale than in recent months. See where the smoke from the recent move down is clear. "
Sherpa discusses the Layer 1 Cosmos (ATOM) blockchain, which is steadily rising in light of the recent bear market trend.
“ATOM: There's a lot of interaction with the 200D [exponential moving average] right now, let's see if you can turn it around. Doing that in this current environment would be very powerful in my opinion…”
Turning her gaze to blockchain interoperability and Ethereum (ETH) competitor Polkadot (DOT), Sherpa asked her followers for their thoughts.
“DOT: Prices have been falling over the past few months, do you think this is an upside or a pause before more dumping?”
Finally, Altcoin Sherpa analyzes the altcoin FTX token (FTT) based on ETH, the native token of the FTX exchange. Traders are not fans of FTT's price action.
“FTT: A lot of people talk about it these days, I don't see it. It's easy to say that in yesterday's hindsight, but I always thought FTT was a bad coin for hodl. Yes, the [central exchange] token is supposed to be safe during the bear market (see: BNB), but the two are not the same. "
Sep 16, 2022
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