One crypto whale says it is preparing to “buy tears” amid the ongoing correction in markets while betting on two under-the-radar small-cap altcoins.
In a tweetstorm, the pseudonymous whale named Crypto Messiah tells its 132,000 followers not to bother buying bottoms and selling tips.
“You never buy the lower one … and you will never sell the upper one.
Average in / out is the only way to do this. I am very confident that we haven’t seen the last “productive assets”.
I am also very confident that this decentralized financing (DeFi) will pay off [market] will not be extended.
I’m here to buy tears. “
Crypto Messiah says he’s keeping an eye on the DeFi index, which is a weighted average of 25 of the largest decentralized financial coins (DeFi), similar to the S&P500 or Dow Jones index.
The whale says that once the DeFi index hits final support levels near 6,000, it will go long.
“Here is my plan … whether it is a good or a bad plan remains to be seen …
Watching FTX DeFiperp. If / when we come here … people will be in agony. I [will] To buy.
Solid confluence between previous lows / bull trendline. 2 sigma below the annual vwap (volume-weighted average price) – in the hope of a reversal. “
Source: CryptoMessiah / Twitter
The crypto veteran reveals the only two low cap altcoins that he will invest heavily when the sell-off happens.
“The goals for blood purchases are ALPHA / ROOK.
Keep focused. Watch it closely. “
Alpha Finance (ALPHA) is an ecosystem of DeFi products that aims to address the limited availability of products outside of the Ethereum network, as well as the lack of liquidity on decentralized exchanges (DEXs). At the time of writing, ALPHA is trading at $ 0.58, according to CoinGecko.
KeeperDAO (ROOK) is a decentralized organization that provides liquidity to the markets for smart contract-based solutions. At the time of writing, ROOK is trading at $ 148.67, according to CoinGecko.
As for Bitcoin, it seems that Crypto Messiah is still optimistic about the king cryptocurrency. Last week, in an episode of Delta-Fi, the analyst claimed that El Salvador would likely be the first domino to fall into a major trend of global Bitcoin adoption.
“It is the first domino in a series of many disenfranchised nations, and then perhaps other countries, trying to reduce their dependence on the US dollar. Come and say like, ‘Hey, we want to go with Bitcoin. We want to have a currency for our country that cannot be manipulated, that cannot be controlled … ‘
It is an interesting situation because I hear that the IMF (International Monetary Fund) is about to meet with the President of El Salvador and there is no way they will be happy about that. On the positive side of things, this could be like the shot that can be heard all over the world. I understand that El Salvador’s GDP (Gross Domestic Product) is pretty much equal to Dogecoin (DOGE) market cap, but at the same time the fact that this has happened is huge and several other nations that have been disenfranchised are following suit. “
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Featured image: Shutterstock / Tithi Luadthong