Crypto analyst Josh Rager says he is patiently waiting for Bitcoin to prove it has hit rock bottom before placing buy orders.
Rager tells his 100,000 followers on Twitter that the rapid decline in the crypto market is likely not over.
“So it may be advisable to wait. BTC has broken through a daily level, so that a further decline and jumps in between can be expected …
Don’t worry about reaching the bottom. Don’t rush into alts yet or buy more Spot BTC or ETH.
Happy to buy at a slightly higher price after confirming the jump or reversal. Nothing is worse than buying something and watching it go down. “
Source: Josh Rager / Twitter
According to Rager, while Bitcoin has much more leeway, it doesn’t fall below the $ 19,000 level.
As for the altcoin market, Rager is responding to a request from Real Vision CEO Raoul Pal asking Crypto Twitter to place his favorite altcoins.
“Warning! With this dip, I will add a basket of 10 alts to my BTC and ETH bets.
Shake your coin for me but with a quality heel WHY should I look at it? My knowledge base is low so treat me like the idiot I am (nice). “
Rager tells Pal he is optimistic about ten DeFi blue-chip assets, which means he believes the projects could play a fundamental role in the future of the industry.
Rager names the return aggregator Yearn.finance (YFI), the exchange token SushiSwap (SUSHI), the exchange token Uniswap (UNI), the non-custodial money market protocol Aave (AAVE), the synthetic asset token SNX, the lending token compound ( COMP) and the Exchange Liquidity Token Curve DAO (CRV), cross-chain platform Alpha Finance (ALPHA), cross-chain platform THORChain (RUNE) and the data feed provider Chainlink (LINK).
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Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrency, or digital assets. Please note that your transfers and trades are made at your own risk and any losses incurred are your responsibility. The Daily Hodl does not recommend buying or selling any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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