Altcoin Sherpa Projects LUNA To Outperform Every BTC Spike
According to popular crypto analyst, known as Altcoin Sherpa, Ethereum rival Terra (LUNA) is set to massively outperform Bitcoin (BTC), every time it makes a move up.
LUNA to outperform
The crypto market analyst shared with his 169K Twitter followers that according to his projection LUNA will outperform Bitcoin every time the leading crypto asset sees a price hike.
“LUNA: Once again, this is a good example of why you shouldn’t short this type of coin typically.
It’s going to be way stronger than everything else on both up/down moves for BTC. There are way better coins to short than this IMO. I never got my entry unfortunately.”
$LUNA: Once again, this is a good example of why you shouldn't short this type of coin typically. It's going to be way stronger than everything else on both up/down moves for $BTC. There are way better coins to short than this IMO. I never got my entry unfortunately. pic.twitter.com/uTESHXe6eg
At the time of writing, LUNA is trading at $97.3 up 7% on the daily chart.
Bitcoin
Regarding Bitcoin, Altcoin Sherpa is waiting to see if it can rise up to $45,000 levels before turning completely bullish. Alternatively, a fall under $34,000 could also happen.
“BTC: I’m still mostly doing nothing until we see a break of these two levels. Still higher lows and lower highs. Good day today but nothing has changed in my eyes. The longer this stays in this area, the more bullish it is IMO.”
$BTC: I'm still mostly doing nothing until we see a break of these two levels. Still higher lows and lower highs. Good day today but nothing has changed in my eyes. The longer this stays in this area, the more bullish it is IMO. #Bitcoinpic.twitter.com/qalw1lBDa8
The analyst hasn’t completely ruled out a bearish market scenario for Bitcoin, but he is reading early signs of a trend reversal as volatility is returning to the market instead sideways price action.
“Also seeing ramped up volatility which is nice to see- it’s a change from that grind down and also shows a possible end soon. High volatility usually means a potential trend change soon. That said, this is still a high time frame bearish market structure.”
Also seeing ramped up volatility which is nice to see- it's a change from that grind down and also shows a possible end soon. High volatility usually means a potential trend change soon. That said, this is still a high time frame bearish market structure. pic.twitter.com/i9I7YO4vkL
