A widely followed crypto analyst has laid out his immediate trading strategy.
Cryptocurrency trader Michael van de Poppe To tell His nearly 700,000 followers on social media platforms are based on his strategy for the next month or two.
“Game plan for the coming period:
– Bitcoin (BTC) is at the end of this market and will likely weather a potential Bitcoin (BTC) correction as it continues to consolidate.
– Focus on the Ethereum (ETH) ecosystem as much as possible.
Hold it for 1-2 months and wait in cash until the correction is over. ”
As Van de Poppe backs the altcoin market over the coming months, analysts expect To tell The market capitalization of altcoins, which traders define as all cryptocurrencies other than BTC or ETH, could reach a value of up to $1 trillion.
“Altcoin market capitalization is barely awake.
There's still a lot of momentum and opportunity ahead of us, and I think we could go from $800 billion to $1 trillion. ”
According to analysts, time The time to invest in cryptocurrencies or BTC is not when prices are soaring to near all-time highs.
“This is what Bitcoin and cryptocurrencies are about.
When something is down 80%, people aren't interested.
That's when there are new highs.
Currently, most altcoins are still down 50-80% from their highs, making them a great investment opportunity.
The right time to buy is before the halving. ”
At the time of writing, BTC is worth $51,582.
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Disclaimer: The opinions expressed on The Daily Hodl do not constitute investment advice. Investors should perform due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that transfers and transactions are made at your own risk and any losses you may incur are your responsibility. The Daily Hodl does not recommend buying or selling any cryptocurrencies or digital assets. The Daily Hodl is also not an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Irina Palmina/Natalia Siatovskaya
