A popular crypto trader and market analyst is predicting new highs ahead for Ethereum (ETH) and Cosmos (ATOM) and says that Bitcoin (BTC) is winding up for a massive move of its own.
The pseudonymous trader known as InmortalTA, who has a following of more than 65,000 on Twitter and over 4,000 on Telegram, says ETH appears ready to break out of a consolidation zone.
He expects Ethereum to crack the $5,000 level in a new move to the upside.
“5k is programmed, it’s as simple as that. It’s long ETH season, don’t get left behind.”
He also highlights the decentralized interoperability platform Cosmos.
Looking at the charts, InmortalTA predicts a new all-time high this year for its native token ATOM.
“Still expecting a new ATH this year. The plan remains the same, accumulate. So I set more bids below $20. Just in case.”
Lastly, the trader provides an updated analysis of Bitcoin’s price action. As the top crypto asset chops below the $50,000 line, he’s waiting for a clean break to the upside or downside in the short term to plan his next trade.
“I think BTC is warming up for a big move, but I would like to wait for a BMS (Break in Market Structure) to enter on a trade. I’m interested in long two numbers, 41k or 50k
41k If price lose 46k, I think we could see a retrace to 41k (Monthy Open), optimal spot to form a HL.
50k in the other hand, if price hold above 47k, I would like to long a BMS on the daily.
Here the two possibles setups”
Disclaimer: Opinions expressed at Cryptocurrency News are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. Cryptocurrency News does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is Cryptocurrency News an investment advisor. Please note that Cryptocurrency News participates in affiliate marketing.
Featured Image: Shutterstock/sergeymansurov