A widely-followed Bitcoin (BTC) analyst is warning traders to remain calm as a significant number of altcoins begin to rise.
Jason Pizzino tells his 276,000 YouTube subscribers it would be wise to hold on to their shorts and avoid FOMO.
“[Let’s] try and keep our pants on right now. Don’t start getting all premature on this thing. Wait to see if [Bitcoin] can get the $20,700 [level]. And my next major Wyckoff bullish flip is at $23,200…
If you’re waiting for longer term signals you’ve got to go back onto the longer term charts and look for where those areas are of flipping from bearish to bullish, and those levels are a little higher.”
BTC is trading for $19,500 at time of writing.
Ethereum (ETH)-based decentralized exchange Uniswap (UNI) also outshined the markets today, up 11% over the last 24 hours, trading for $6.50 at time of writing.
Blockchain platform and ETH competitor Neo (NEO) is up 10% over the same period. NEO users can buy, sell, exchange, register, and circulate multiple types of digital assets as well as link them to physical assets through unique digital identifiers that can be verified.
Move-to-earn altcoin STEPN (GMT) is up 12% since yesterday.
The native utility token of an Israeli blockchain security startup, Kirobo (KIRO), is up 10% over that period. KIRO is used to reduce network fees by opening a payment channel between the user and the pool contract.
SSV Network (SSV), promoting decentralization, security, and liveness across the Ethereum consensus layer, is up 12% since yesterday.
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