Here it is a summary of the crypto Twitter outlook about BTC, ETH, XRP and ADA and the possible price movements in the top market cap cryptocurrencies.
DonAlt, a crypto trader and one of the best crypto analysts seems to be cautious in the short term movements. He says that unless bitcoin closes above $8,750 he remains bearish and the only comfortable level to open long positions would be $7,000.
The project aims to build a trading platform and is supported, among others by billionaire VC fund Tim Draper.
Still no close above $8750.
Still looks pretty shitty.
I’m bearish until BTC starts reclaiming levels instead of getting rejected by them.
Next resistance: $8200
Next support: $7700
Next support that I’d trust to trade on the long side: $7000 pic.twitter.com/jzrxFFZrHO
— DonAlt (@CryptoDonAlt) October 20, 2019
AngeloBTC, another crypto analyst with 138,000 followers, has told their followers that he is waiting for a big drop to the $6,000 levels and that he is waiting patiently for this level to long bitcoin.
Patiently waiting for $6k $BTC levels where I will add to long-term holdings.
Good luck homies.
— Angelo฿TC (@AngeloBTC) October 15, 2019
Alistair Milne has a bullish scenario, posting a chart with hopium to his 66,000 followers with bitcoin forming a descending triangle that started in September when bitcoin was at $10,500 levels.
The scenario is invalidated if bitcoin drops under $8,050.
— Alistair Milne (@alistairmilne) October 20, 2019
Bitcoin has corrected by 40% the last month but it is still up by 110% this year and looking at the bull market history usually after a 40%-45% correction the bullish trend continues.
At the time of writing, Bitcoin is up 3.22% at $8,222, as indicated by CoinMarketCap.
Another release of the Week in Ethereum blog report has been published.
The report talks about the most recent developments on the progress of Ethereum 2.0 and various updates on Ethereum-based platforms like MyCrypto, Compound, and Nightfall.
Vitalik Butering, co-founder of Ethereum has posted on Twitter his analysis about building a two-way bridge connecting and eth2.
Danny Ryan proposing adding a two way bridge between eth1 and eth2 sooner than planned before (new proposal: between phases 1 and 2) using ideas from https://t.co/bVjmRG3jpd pic.twitter.com/uTsBY7oslD
— Vitalik Non-giver of Ether (@VitalikButerin) October 19, 2019
Ripple which had a lot of criticism at the end of the second quarter has published a report of transparency with insights about the XRP sales, volume the company liquidity and the traction their product is getting.
Ripple reported that they are cutting 2-3 deals per week with financial institutions that want to use their payments system to make faster transactions at a lower cost.
— Ripple (@Ripple) October 18, 2019
Charles Hoskinson, Cardano creator was in an AMA yesterday talking about Shelley a proof of stake blockchain, and how this will change the world.
Shelley was launched in September and stacking testing and community voting will start before the end of this year.
Cardano aims to create a platform that can support millions of users, 250x more decentralized than bitcoin and only consume 10KW of power.
How will Shelley change the world?
— Tsvet₳n Peshev (@CryptonianJake) October 20, 2019