CandleFocus Top Trader Warns Not To Call Top on Crypto Bull Market, Updates Outlook on Ethena (ENA) and One Memecoin
2024-10-20
Author: Content Editor
A veteran trader known as The Flow Horse warns against trying to predict the top of the current crypto bull market. The trader believes there is a clear bull trend in Bitcoin, gold futures, and the Nasdaq and advises latecomers to simply buy and hold. The trader also suggests that Bitcoin could potentially take liquidity away from altcoins in the event of a rally, but some altcoins may still experience strong recoveries. Specifically, the trader mentions ENA as a potentially good investment and highlights MEW as a memecoin that has seen significant growth. However, the trader expresses caution about the short-term prospects of MEW and emphasizes their overweight position in Bitcoin.
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