OCTA Levels, BTC FOMO & Nation-State Panic
A widely followed crypto analyst is breaking down Bitcoin (BTC) and altcoins after a week of sideways price action for crypto.
Crypto trader Michaël van de Poppe tells his 659,500 Twitter followers that BTC is now moving into a “potential scenario for a long trigger.”
“Well, we got the sweep for Bitcoin.”
BTC is worth $30,038 at time of writing, down 1.6% in the last 24 hours and down 0.6% in the last seven days.
Looking at the Ethereum (ETH) competitor and smart contract platform Fantom (FTM), Van de Poppe says FTM is ready to move upward.
“This one looks primed for continuation upwards.
Many stops on shorts ready to be taken, through which holding above $0.30 can lead to a continuation towards $0.40.”
FTM is trading for $0.293 at time of writing, down 2.5% in the last 24 hours.
Van de Poppe also takes a peek at Litecoin (LTC), which he says may be ready for a 2x gain similar to Bitcoin Cash’s (BCH) recent gains as LTC approaches its highly-anticipated halving.
“Messy chart, but Litecoin looks ready for the pre-halving rally and follow BCH in a potential 2x.
Been mentioning it a few times, but it looks really good.”
LTC is worth $96.94 at time of writing, up 14% in the last 24 hours.
Despite altcoins generally being down right now, Van de Poppe assures his followers that the next 3-5 years for crypto will be huge.
“The thing is that people literally never believe in an asset, when it’s down as much as Altcoins are right now.
If you look at the entire landscape of Crypto, the coming 3-5 years are going to be massive.
Acceleration of adoption.”
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