In my new one I discuss the current state of affairs around bitcoin (BTC), ethereum (ETH) and phantom (FTM). After a short absence I am back to update you on the recent developments in the crypto market!
This level is important for bitcoin
I will start my analysis with bitcoin. My strategy of accumulation, which I laid out earlier this year, is still valid. We are in a period of accumulation at strategic levels. Important here is the 200-week Moving Average (MA) for bitcoin, which is currently around $25,000. If this MA holds, it could set the stage for another rally.
Also look at ethereum. Although Ethereum’s chart is a bit messier than Bitcoin’s, my strategy of accumulation still applies here. An important support level is around $1,750, which coincides with the 21-week MA.
Fantom hits $0.31
Finally, I review fantom, my new favorite for the next one bull run. The crypto recently reached an important level around $0.31. Should bitcoin drop through the 200-week MA, I see opportunities for phantom around $0.30 and below.
All in all, it is important to remain calm and to maintain a long-term vision. I therefore see the current market developments as an opportunity to accumulate for the long term. Watch my video above to see the whole analysis!
Bitcoin, NFTs and Stocks
David has been active with cryptocurrencies since 2013. In 2018, he became part of the Crypto Insiders team, sharing price updates and macro updates on a weekly basis. In 2021, in addition to his work as a shareholder at Catena Investments, he will be a Youtube Channel started to share his knowledge and insights about investing in cryptos, shares, NFTs and other assets. Do you want to know more about his vision and insights? Then follow him on his Youtube Channel!