One of the technical analysts I follow is D.I.Y Investing on YouTube.
I was watching his video today where he explains that Chainlink and BAT have been following the same pattern. In his opinion, BAT will hit $2.00 in this current cycle and then continue to rise.
He is a very interesting young guy. Dropped out of school at 16, his friend introduced him to Crypto in early 2017. He is now 21, making a full time living out of Crypto and YouTube!
I have been following him for a few months now and I'm really impressed.
Give him a follow on Youtube, his insights are amazing for a young man who didn't even finish school.
Some people are Fundamental Analysts, some are Technical Analysts. My philosophy for investing is a coin/blockchain must have a good use case and a solid company behind it (Fundamentals) and then I use Technical Analysis to (a) confirm the coin/token has a promising price future and (b) to time my buys and sells once I have purchased the token.
One of the mistakes I think people make is they are just focused on one or the other. XRP is a perfect example. The fundamentals are amazing - a good, solid company (Ripple) valued at $10B that has been around since about 2012. The coin, XRP has a great use case - a bridging currency for Cross Border money transfers. Yet, the XRP price is currently around mid-20c. If you just looked at price, you probably wouldn't invest in XRP. But I am looking at XRP as a long term investment. I believe in this current Bull Cycle (I believe we are at the start of the bull cycle, although the bears may give it one last push down).
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