It is known that analysts make predictions one after another, especially in times of harsh movements. Investors closely follow the comments of analysts in order to get answers to questions such as “what should we invest in”.
An explanation about the cryptocurrencies he is interested in today came from The Crypto Dog. The Crypto Dog, one of the first Bitcoin miners to enter the crypto money industry in 2011 and has more than 620,000 followers, made statements about the industry.
In a tweet with the caption “Altcoins that I think can always perform well”, he drew attention to ADA, XTZ and FTM. On the other hand, he did not forget to add ATOM and ALGO to his list by saying “Sometimes”.
I’m always watching a handful of alts that are/I think might outperform.
Rn I’ve got $ADA $XTZ $FTM maybe $ATOM $ALGO
What am I missing?
— The Crypto Dog📈 (@TheCryptoDog) September 25, 2021
On the other hand, TheCryptoDog also spoke about China’s Bitcoin statements.
Referring to the fact that China has banned many times before, the famous name said, “This ban is the first Chinese ban for some people.” In other words, it is estimated that the analyst, who finds it understandable that new entrants to the market sell their holdings with fear, is a big whale because he entered the sector in 2011.
After the recent price fluctuations, many investors are asking questions such as “which cryptocurrency should we invest in”. As the Bitcoin System, we recommend that you wait for the BTC movements to become clear before making any investments. It is known that the band of $ 40,000 as support and $ 46,000 – $ 48,000 as resistance is important. In this context:
- If you are thinking of making a new investment, you can buy more confidently after the direction is clear after the support and resistances mentioned above are seen.
- If you are currently holding cryptocurrencies, you can still sell profits at the specified resistance, or in case of decline, you can choose to stop at closings below $ 40,000.