A widely followed Bitcoin (BTC) analyst is warning traders to stay calm as a significant number of altcoins begin to rise.
Jason Pizzino tells his 276,000 YouTube subscribers that it would be wise to keep their shorts on and avoid FOMO.
“[Let’s] try to keep our pants on right now. Don’t start being premature on this thing. Wait to see if [Bitcoin] can get the $20,700 [level]. And my next major Wyckoff bullish reversal is at $23,200…
If you’re waiting for longer term signals, you need to go back to the longer term charts and look for where those areas go from bearish to bullish, and those levels are a bit higher.
BTC is trading for $19,500 at the time of writing.
Ethereum (ETH)-based decentralized exchange Uniswap (UNI) also eclipsed the markets today, up 11% in the past 24 hours, trading at $6.50 at the time of writing.
The Blockchain platform and its competitor ETH Neo (NEO) grew by 10% over the same period. NEO users can buy, sell, trade, save and circulate multiple types of digital assets, as well as link them to physical assets through unique digital IDs that can be verified.
Move-to-earn altcoin STEPN (GMT) is up 12% since yesterday.
The native utility token of an Israeli blockchain security startup, Kirobo (KIRO), grew by 10% over this period. KIRO is used to reduce network fees by opening a payment channel between the user and the pool contract.
The SSV Network (SSV), which promotes decentralization, security, and liveliness through the Ethereum consensus layer, is up 12% since yesterday.
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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 transactions are at your own risk and any loss you may incur is your responsibility. The Daily Hodl does not recommend the buying or selling of cryptocurrencies or digital assets, nor is The Daily Hodl an investment adviser. Please note that The Daily Hodl engages in affiliate marketing.
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