Experienced traders who sold Bitcoin (BTC) in its heyday are back on the cryptocurrency market, accumulating BTC, Ethereum (ETH), and other altcoins.
New strategy session features pseudonymous crypto analyst DonAlt To tell His 45,100 YouTube subscribers are looking to see if BTC can sustain a significant level of support.
Traders say Wednesday’s heavy candle is key and they don’t want BTC to drop all the way below the $17,065 area.
If it can hold the line, DonAlt says it will be “very bullish” on major digital assets.
“We hope this daily green candle lasts. You don’t want to trade anywhere below that.” [hold]becomes super bullish.
It makes sense to me…I have [proper] It’s kind of an entry into risk, the reward is big and this risk is very small, so I think it’s a great risk-to-reward setup. ”
Analysts and traders who first repurchased BTC in the high $16,000s also To tell His 447,200 Twitter followers are currently dependent on ETH, Litecoin (LTC), and Bitcoin.
When asked if he was hesitant about the recent price drop in LTC, DonAlt said he still has plans to maintain a decentralized peer-to-peer network.
“Yes, hold BTC > LTC > ETH.
As long as it’s in USD, don’t worry too much. [US Dollar] I went up in alt and got enough BTC to be happy even running solo. ”
Then DonAlt To tell He also bought XRP, a digital asset that is a core part of Ripple Labs’ payments platform.
“I finished shopping today. I bought a large amount of BTC for the long term. I bought a lot of LTC as a deal. I bought some XRP for memes. ”
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