My picks for this year's bull run.

My picks for this year's bull run.

By MadMaxx | Psycho Crypto | 7 Aug 2020


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and welcome to another article.

In this article, I'll be giving you a few of my picks for this year's bull run.

I feel that BTC would cross its all time high price sooner than later, and when it does, that would be the start of a proper bull run.

Already, BTC and ETH are making some serious waves in their price action. They have both broken multi year downtrend lines (like real champs), and are now proceeding to break horizontal resistances.

When this happens, altcoins would also follow in the footsteps of their leaders. Here are the ones I feel would run the farthest.

1. ETH

Of course, the king of shitcoins would have to lead the other shitcoins to price discovery. Ethereum would definitely be one to follow Bitcoin, or may even lead bitcoin to rally, which it rarely does.

I have done proper analyses on ETH in my past articles, so be sure to read those if you're interested in them. That said, ETH is showing extreme strength right now, and it's only a matter of time before it pops to the skies. 

In fact, ETH breaking horizontal resistance would be the first alt season trigger. Ethereum usually leads alts (mostly because 70% of alts are built on it), and this time won't be different.

 

2. Loopring (LRC)

I used to sell my Loopring for ETH before I looked at the chart. And I'll tell you, I've never seen a prettier chart with 7x potential.

I did an analysis on this where I compared it to THETA before the run up (gosh I write here a lot), and they looked EXACTLY the same. This led me to believe that LRC can actually also pull a 7x, because price is fractal.

Loopring will melt faces when it's time. Trust me on this one.

By the way, you have literally no reason to own some of this beautiful elixir: You earn it for free here!

 

3. BAT

I've been preaching on this one almost everyday, and I've gotten a lot of back lash for that. Point remains that my thought stands true: BAT will also melt faces in the coming bull run.

Once resistance at $0.35 is cleared, there's really no looking back. It will soar with all the other alts, and won't stop as long as ETH won't stop as well.

I noticed an inverse correlation between BAT and ETH. BAT's moves are inverse to those of ETH to a certain extent, and that brings about many fractals.

All of them end with BAT at the moon though, so I'm good with that. As is the case, you also earn this for free, so no excuses!

 

4. XRP

XRP is one of those coins that many people despise. Their community is cringe worthy, the maker of the coin keeps on selling it to push the price down, and although Ripple keeps signing great deals, the price of this one remains down.

However, things are bound to change very soon. Here's why:

XRP just crossed multi year resistance, and for the first time since 2017, the monthly MACD has crossed bullish. If there's anything more bullish than that, I'd love to know what.

Once we get a weekly close above that resistance (and possibly a retest), it's go time for XRP. And boy will it go.

Screen cap this post if you want to. You'd want to refer back to it in 2021.

That's my 2 sats on my current altcoin bags! Thanks for reading.

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MadMaxx
MadMaxx

In the eternal quest for crypto fulfilment. I'm an obese frog on the internet, what I say most definitely isn't financial advice.


Psycho Crypto
Psycho Crypto

Fun experiments with crypto!

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