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A crypto whale says it is preparing to “buy tears” amid the ongoing correction in the markets as it bets big on two small cap altcoins under the radar.
In a tweetstorm, the pseudonymous whale known as Crypto Messiah tells his 132,000 followers not to bother trying to buy lows and sell highs.
“You will never buy the bottom… and you will never sell the top.
The average input / output is the only way to do it. I am extremely convinced that we have not seen the last of the “productive assets”.
I am also extremely confident that this decentralized finance (DeFi) carries [market] will not be extended.
I am here to buy tears.
Crypto Messiah says he’s keeping an eye on the DeFi Index, which is a weighted average of 25 of the largest decentralized finance (DeFi) coins, similar to the S & P500 or Dow Jones index.
The Whale says that once the DeFi Index hits a final support level of nearly 6,000, it will look to be long.
“Here is my plan … whether it is a good or a bad plan remains to be seen …
Watch FTX DeFiperp. When / if we get here… people will be in agony. I [will] buy.
Solid confluence between previous lows / uptrend line. 2 sigma below the annual vwap (volume-weighted average price) hoping for a reversion. “
Source: CryptoMessie / Twitter
The crypto veteran continues by revealing the only two low-cap altcoins he heavily invests when the sale takes place.
“The targets for blood purchases are ALPHA / ROOK.
Nothing else.
By keeping him focused. To watch closely.
Alpha Finance (ALPHA) is an ecosystem of DeFi products that aims to address the limited availability of products outside the Ethereum network, as well as the lack of liquidity on decentralized exchanges (DEX). At the time of writing, ALPHA is trading at $ 0.58 according to CoinGecko.
KeeperDAO (ROOK) is a decentralized organization that provides liquidity to markets for smart contract-based solutions. At the time of writing, ROOK is trading at $ 148.67 according to CoinGecko.
As for Bitcoin, it looks like Crypto Messiah is still bullish on royal cryptocurrency. Last week, in an episode of Delta-Fi, the analyst claimed that El Salvador would likely be the first domino to fall into a major global Bitcoin adoption trend.
It is the first domino in a series of many disenfranchised countries, and then possibly other countries seeking to reduce their dependence on the US dollar. Come in and say like hey we want to go with bitcoin. We want to go with a currency for our country which cannot be manipulated, which cannot be controlled
It’s a bit of an interesting situation because I’ve heard that the IMF (International Monetary Fund) will be meeting with the President of El Salvador soon, and there’s no way they’re going to be happy about it. So on the positive side of things, it could be like the gunshot heard around the world. I understand that El Salvador’s GDP (gross domestic product) is roughly the same as Dogecoin’s market capitalization (DOGE), but at the same time, the fact that this has happened is huge, and several other nations that have been disenfranchised follow suit.
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Featured Image: Shutterstock / Tithi Luadthong
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