As Bitcoin (BTC) melts and sees its value drop below $30,000 as bulls seem weakened and unable to raise the price of the cryptocurrency analyst Michaël van de Poppe some altcoins that can go up to 250% in the short term.
Thus, according to him, when the Bitcoin trading market cools, profit opportunities are in altcoins and, among them, some small cap altcoins can print even bigger gains.
Van de Poppe tells his 354,200 followers that he has his eye on Fetch.ai, a decentralized machine learning network and that it scores can go up by more than 250% in the short term in its pair against Bitcoin (FET / BTC).
According to the cryptography analyst, the FET / BTC pair is currently holding support and looks ready for a massive rally.
“FET looks ready for 250% -700% execution.”
According to Van de Poppe’s chart, FET/BTC is printing higher highs and lows which may be the signals that precede a wave of resistances at 0.000014 BTC.
Axie Infinity and Altcoins
But it’s not just Fetch that can go up while the entire market is in the red, and another cryptocurrency on the trader’s radar is the blockchain-based game Axie Infinity.
Van de Poppe notes that Axie Infinity is hanging on to her immediate support against Bitcoin (AXS/BTC) at 0.0005 BTC. However, even if this is lost, the trader says he is looking at the next support level, which is at 0.0004 BTC.
“In the first level of support and jumped with 18%.”
The next cryptoactive on the trader’s list is the Polygon (MATIC) blockchain scaling solution. According to Van de Poppe, MATIC could jump by $0.43 as altcoin breached the key price area of $0.73.
Another cryptocurrency on the trader’s list is the VeChain supply chain management protocol also on its par against Bitcoin (VET/BTC). The trader says the VET/BTC is probably heading towards 0.00000155.
“Currently in the next support area, after rejecting 270 sats ($0.08). I would like to see a recovery of 220 sats ($0.65). If that doesn’t happen, I’m focused on 155 sats for possible entries”
The trader also notes that he is eyeing Litecoin (LTC), the cryptoactive Van de Poppe predicts is ready for a $280 rally, as long as it maintains support above $100.
The latest cryptocurrency is the automated market maker SushiSwap on its par against Bitcoin (SUSHI/BTC). According to the trader, the pair could start up 66% if it manages to stay above support at 0.00021 BTC or $6.22.
“This one may have hit rock bottom here. A new double bottom test of the longest period order grant block. If this keeps around [0,00021 BTC], potentially could reach [0,00031 BTC] ($9.19) from here. ”
Since 2019, no such clear purchase window appears. Trade over 400 pairs of cryptocurrencies at a 0% rate until July 8th at OKEx.