Seeking Alpha
2022-07-06 22:41:07

3 Alts With Setups For Higher Highs In The Next Bull Cycle In Crypto (Part 2, Matic/Polygon)

Polygon is gaining a broad array of adoption.Use of the network is saving millions in ETH Gas fees.Stripe, Adidas, Prada, and Meta have launched global payments and NFTs on Polygon.Produced in collaboration with Avi Gilburt and Ryan WildayFrom the previous article:For those who have followed the work of myself and Ryan Wilday, you know that while Bitcoin (BTC-USD) has yet to reach our expected targets for rally patterns off of both the 2018 and 2020 lows, we still see the price action as constructive. Price has been in a larger holding pattern, denoted as a flat correction off the April 2021 highs, and the larger degree of support for this perspective continues to hold. Though micro setups have developed to take BTC back to $24k, price has evaded a deeper drop. BTC has not been able to push below $30k for any significant period of time before attracting an excess of buyers who push price back up. In short, expectations for higher targets described in my various articles entitled with some iteration of "Moonpath," still appear to be very much on track.The guidance that we provide in Crypto Waves tends to center around Bitcoin as the core holding among digital assets, and we tend to strike a position of caution around both over-allocating into alt-coins and holding altcoins as longer-term investment. Nevertheless, we do track selected altcoins for the purposes of high-quality trade setups (not long-term investments) and view the...

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