Popular Crypto Analyst Tony recently opened up about October’s historic performance in the cryptocurrency markets. According to Tony, 8 of the past 10 October have shown bullish trends, providing optimism for this month. With only four days left in the month, Tony believes there is plenty of time for the market to witness a positive turnaround and end October on a green note.
When discussing Bitcoin, Tony emphasized the importance of the $27,000 support level. He indicated that he plans to stay on Bitcoin as long as this level continues. However, he also said that he would consider shorting Bitcoin if it were to fall below this crucial support level or if it experienced a sharp rejection after attempting to rise, as indicated on his chart.
Tony said: “I love how in this space we can go from seeing $100,000 one day to $100,000 and then $10,000 the next day. The emotions are wild. Keep them under control, legends; this will be very important for the future bull run.”
AVAX, LINK, INJ and VRA
Tony also provided updates on various cryptocurrencies. He expressed interest in AVAX (Avalanche) and suggested it could see significant upside soon, noting that the setup appears favorable and offers a manageable level of risk.
As for Chainlink (LINK), Tony shared a macro update, mentioning a possible trading strategy if LINK fails to surpass the $8.90 high.
In addition, he discussed the Injective Protocol (INJ), warning against getting carried away by price pumps and emphasizing the importance of maintaining a realistic perspective. Currently, he indicates that the market is in the mid-range and that he takes a neutral stance, without specific short-term biases.
Speaking of VRA, he wrote on