Crypto Analyst Who Called Bitcoin’s Parabolic Rally Picks Altcoin Set To Pop

Name	Symbol	Market	Market Cap ($)	Algorithm
Fetch	FETUSD	Crypto	1,659,105,860	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Fetch

FETUSD

Crypto

1,659,105,860

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-0.040	-2.45%	1.59	1.59	1.59

Price Change

Price Change %

Current Price

Bid Price

Offer

-0.040

-2.45%

1.59

High Price	Low Price	Open Price	Prev. Close	52 Week Range
1.80	1.57	1.63	1.63	0.161000 - 3.55

High Price

Low Price

Open Price

Prev. Close

52 Week Range

1.80

1.57

1.63

0.161000 - 3.55

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	00:58:50	5.60	1.59	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

00:58:50

5.60

1.59

USD

Price x Volume	Volume	Base Symbol	Related Pairs
22,351,285.53	13,563,643.47	FET	FETEUR	FETGBP	FETBTC

Price x Volume

Volume

Base Symbol

Related Pairs

22,351,285.53

13,563,643.47

Crypto Analyst Who Called Bitcoin’s Parabolic Rally Picks Altcoin Set To Pop

27/10/2023 12:00am

NEWSBTC

Predicting the Bitcoin price movements and when altcoin prices will rally again is not a small feat but one analyst has managed to do so. Crypto analyst TonyTheBull has been calling for a bull market, saying that this cycle differs from previous ones in the fact that there will be a rally this year. This proved to be true last week when the price of Bitcoin started surging and hit as high as $35,100. Now the analyst has called the next altcoin to outperform, and it already is. Fetch (FET) Is Next Altcoin In Line In the latest iteration of the CoinChartist (VIP) newsletter, crypto analyst TonyTheBull revealed that Fetch (FET) was his next pick after the Bitcoin breakout. He revealed that he had previously bought FET which ended up outperforming in January, and believes the same will be the case here as well. Related Reading: Bitcoin Resumes Rally After Brief Hiatus, Here’s What Happened FET which is one of the top AI-powered crypto tokens is already on the rise after the analyst called it at the $0.24 level. TonyTheBull also posits that a Raging Bull indicator flipping on would be able to confirm further upside. “Waiting for the Raging Bull to turn on would help confirm increased bullishness in the altcoin,” the newsletter read. Source: CoinChartist The Raging Bull Indicator, explained the analyst, “was designed using the Relative Strength Index to help indicate when Bitcoin or other assets are in a bull market, and more importantly, and impulsive like trend.” Basically, this indicator helps to show the strength of a cryptocurrency. Looking at FET’s performance since the call, it has already climbed over 30% and is now trading above $0.3, hitting a local peak of $0.32 on Wednesday. FET price sitting above $0.29 | Source: FETUSD on Tradingview.com Bitcoin Not The Only One Looking Good Despite Bitcoin still looking incredibly bullish on the charts, the analyst points out some altcoins that have had their Raging Bull Indicators turned on this year as well. The first on the list is Solana whose indicator turned on for the first time since 2022. Following this, the digital asset went on a massive run but it might not be done. Related Reading: Bitcoin Price Crosses $35,000, Here’s Why TonyTheBull revealed that the last time this indicator was turned on, Solana blew up by 500%, and then continued on to do a 17,000% rally. So if it sticks to historical performance, the Solana rally might only be in its early stages. Source: CoinChartist The next altcoin to appear on the list is Chainlink’s LINK. LINK moved from around $7 to over $11 in a matter of days. But just like Solana, this coin may only be in its early stages. LINK’s Raging Bull Indicator last turned on in 2019 and the coin saw a “700% in the near term, and more than 9,000% in total.” The analyst further added, “This might not be a setup to sleep on.” Follow Best Owie on X (formerly Twitter) for market insights, updates, and the occasional funny tweet… Featured image from Binance, chart from TradingView.com

Market Data

News

Trading Tools

Markets

Discover

Hot Features

Follow Feed

Options Flow

Monitor

FETUSD Fetch