According to cryptographic analyst Michaël van de Poppe, 5 Altcoins will meet as the new phase of Bitcoin Bull Run begins
Cryptographic analyst Michaël van de Poppe names five altcoins that he hopes will work well as the digital asset market prepares for a new phase of the bullish cycle.
In a new strategy session, the marketer tells his 144,000 YouTube subscribers that he is closely monitoring Cosmos, a project called “Internet of Blockchains.” Van de Poppe says he is looking for a wide range of Cosmos vs. Bitcoin (ATOM / BTC) where the pair could hit rock bottom.
“This whole region we have here [0.00045 BTC – 0.00037 BTC worth $29.19 – $24] It’s definitely what I’m looking for in the next period for a possible entry point. “
The second alternative currency to Van de Poppe’s radar is the decentralized Chainlink oracle network. According to the cryptocurrency analyst, Chainlink still has a downward trend against Bitcoin (LINK / BTC), but expects the pair to ignite a rebound early next year.
“We could be concluding that we are coming to the end of this corrective period in which we might want to break it down and change some levels before we start continuing.
Moving averages are also coming into play at this stage, which is leading to this side action, but once we reverse the moving averages, this is definitely what I want to buy. “
Next up is Curve, the Curve Finance (DEX) government testimony focused on stable currency. The trader says Curve is showing some strength against Bitcoin (BTC / CRV), but the pair needs to pull resistance at 0.0001 BTC ($ 6.49) to continue bullish.
Fourth on Van de Poppe’s list is the Aave loan and loan protocol. The cryptographic strategist says AAVE / BTC is on a resistance to launching a massive rally.
“If we exceed this (0.005690 BTC worth $ 367.89), I expect an acceleration to the highs here (0.01 BTC worth $ 646.56), most likely across the range. We’ve seen it before. “
The last alternative currency the analyst looks at is the supply chain management blockchain VeChain (VET). Van de Poppe says VeChain still has a downward trend against Bitcoin (VET / BTC), but may see support at 0.0000015 BTC ($ 0.09) for a possible trend reversal.
“We are seeing lower highs, lower lows here through which I think we want to see a new test at these lower limits. You want to do a test in this region again here before we have any expansion, but definitely a beautiful one that is having these cycles before we start expanding into a new cycle. “
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