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.
“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. "
“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…”
“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