- An analyst from Crypto Banter shared some tips for investors to avoid being caught out by fake price pumps.
- In the video, the analyst also mentioned that there are a lot of “buy the rumor and sell the news” events taking place in the market.
- He also shared that he will be Dollar cost averaging into VRA, ALU, and PYR for the next few months.
An analyst named Johnny from Crypto Banter shared some tips on how to avoid getting caught out by fake pumps in the cryptocurrency market in his latest analysis. In the video, he also shared 3 low-capped cryptocurrency projects that he will be Dollar cost averaging into for the foreseeable future.
The video was uploaded in response to the high levels of volatility that the market has experienced over the past few weeks. This was evident in the fact that the price of Bitcoin (BTC) broke above $30K once again but then almost immediately dipped below the mark in the days that followed.
As a result of the high levels of liquidity, Johnny urged traders and investors to trade with caution for the next few weeks. Furthermore, the analyst noted that there are a lot of “buy the rumors and sell the news” events currently going on in the market.
Therefore, he advised his viewers to not chase news events when looking for potential trade opportunities. He also went as far to state that price movements due to news events should not be trusted, given that they are not sustainable.
Secondly, the Crypto Banter analyst warned his viewers to keep an eye out for potential price manipulation. A classic example of this manipulation according to Johnny is the venture capital profit-taking scenario with Yield Guild Games (YGG) over the past few weeks.
Apart from the strategies that traders should use to protect themselves from fake price pumps, Johnny also shared 3 altcoins that he will be Dollar cost averaging into in the coming weeks.
The 3 altcoins mentioned were Vulcan Forged (PYR), Verasity (VRA), and Altura (ALU). The analyst predicted that these 3 projects have the potential to generate 10X gains for investors.
Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
