Market
Best Crypto Traders to Follow in September 2024
In the crypto market, staying ahead of the curve demands more than just surface-level knowledge. Often, it involves following top crypto traders who offer insights that average investors might miss.
Some traders have consistently navigated this highly volatile market with skill and precision. As we enter September, here are five of the best crypto traders you should consider keeping an eye on.
Crypto Tony is one of the best crypto traders to follow in September 2024. With over 448,000 followers on X, Tony regularly advises newbies not to use leverage and to keep to the basics, making him one of the most sought-after traders for beginners.
An assessment of the analyst’s page shows that his focus is on Bitcoin (BTC). Altcoins like Ripple (XRP), as well as the top meme coins, are part of the analysis Tony shares. In a recent post, the trader posted his thesis on Polkadot (DOT).
According to Tony, DOT, which has seen a notable decline recently, could offer a good entry point for a future purchase.
Pentosh1 is a pseudonymous crypto trader with over 800,000 followers on X, famous for his short-term analysis of Bitcoin and altcoins. In July, Pentosh1 opined that altcoins might remain stuck in low ranges after most had fallen 15% to 20% from their bear market lows.
Interestingly, this has largely been the case since his prediction. Regarding Bitcoin, Pentosh1 suggests that the cryptocurrency could rally to a new all-time high soon.
“Believe it only to be a matter of time before BTC hits a new ATH. Look at the last 6 months alone, an ETF approval that has been the most successful ETF in history and is now capturing a large portion of the political environment with multiple nation-states discussing it on top,” he posted.
Third on this list is Bejaminn Cowen, who previously appeared on the best crypto traders list in June. Cowen’s emergence is again linked to his expertise in providing detailed analysis from a technical and macroeconomic perspective.
Unlike Pentosh1 and Crypto Tony, who focus on X, Cowen manages a YouTube page in addition to his X account. On YouTube, the trader has 809,000 subscribers. On X, Cowen, who is the founder and CEO of IntoTheCryptoverse, boasts 852,000 followers.
Two days ago, the analyst shared his opinion on Solana (SOL), noting that the altcoin’s price decline does not mean that the correction is over. However, Cowen also admits that a recovery might not take a long period, but a fall looks likely before that.
Read more: Which Crypto Sectors Boom During the Holidays? A Guide for Traders
With 273,300 followers on X, Bluntz focuses on the top two cryptos: Bitcoin and Ethereum . Recently, in a post on the social media platform, the trader explained that BTC’s price might struggle from now till October.
For ETH, Bluntz revealed that crypto whales might soon start selling Bitcoin for Ethereum, possibly helping the altcoin price breakout.
“The range is about to be reclaimed, and the 3D bull div is on ETHBTC brewing, and whales are selling BTC into ETH for the first time in this cycle,” Blutnz wrote.
Apart from these two, Bluntz, who the market sees as one of the best crypto traders, also analyzes meme coins. On August 25, the trader told his followers that it might be time for cat-themed meme coins to dominate the market again after a relatively quiet period.
CrediBULL Crypto, a trader with 415,500 followers on X, mostly shares theses on altcoins. On his page, you will find analysis related to Chainlink (LINK), ETH, and even DeFi coins like Curve (CRV).
However, this trader engages in leverage trading. As such, the risk appetite might not be one for beginners who are likely to be comfortable with holding spot positions. Nevertheless, CrediBULL Crypto remains one of the best traders to follow in September 2024.
Read more: 9 Best Crypto Day Trading Courses for Aspiring Traders
In conclusion, while the five traders highlighted in this article have demonstrated their reliability, it’s crucial to make your own trading decisions. Following these traders can help you build confidence and improve your technical and fundamental analysis skills.
However, the crypto market’s unpredictable nature can present challenges. To maximize potential returns, always conduct your own research.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
Rallies 10% and Targets More Upside
Ethereum price started a fresh increase above the $3,220 zone. ETH is rising and aiming for more gains above the $3,350 resistance.
- Ethereum started a fresh increase above the $3,220 and $3,300 levels.
- The price is trading above $3,250 and the 100-hourly Simple Moving Average.
- There is a short-term contracting triangle forming with resistance at $3,360 on the hourly chart of ETH/USD (data feed via Kraken).
- The pair could gain bullish momentum if it clears the $3,385 resistance zone.
Ethereum Price Regains Traction
Ethereum price remained supported above $3,000 and started a fresh increase like Bitcoin. ETH gained pace for a move above the $3,150 and $3,220 resistance levels.
The bulls pumped the price above the $3,300 level. It gained over 10% and traded as high as $3,387. It is now consolidating gains above the 23.6% Fib retracement level of the recent move from the $3,036 swing low to the $3,387 high.
Ethereum price is now trading above $3,220 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $3,350 level. There is also a short-term contracting triangle forming with resistance at $3,360 on the hourly chart of ETH/USD.
The first major resistance is near the $3,385 level. The main resistance is now forming near $3,420. A clear move above the $3,420 resistance might send the price toward the $3,550 resistance. An upside break above the $3,550 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,650 resistance zone or even $3,880.
Another Decline In ETH?
If Ethereum fails to clear the $3,350 resistance, it could start another decline. Initial support on the downside is near the $3,300 level. The first major support sits near the $3,250 zone.
A clear move below the $3,250 support might push the price toward $3,220 or the 50% Fib retracement level of the recent move from the $3,036 swing low to the $3,387 high. Any more losses might send the price toward the $3,150 support level in the near term. The next key support sits at $3,050.
Technical Indicators
Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone.
Hourly RSI – The RSI for ETH/USD is now above the 50 zone.
Major Support Level – $3,250
Major Resistance Level – $3,385
Market
Rallies 10% and Targets More Upside
Ethereum price started a fresh increase above the $3,220 zone. ETH is rising and aiming for more gains above the $3,350 resistance.
- Ethereum started a fresh increase above the $3,220 and $3,300 levels.
- The price is trading above $3,250 and the 100-hourly Simple Moving Average.
- There is a short-term contracting triangle forming with resistance at $3,360 on the hourly chart of ETH/USD (data feed via Kraken).
- The pair could gain bullish momentum if it clears the $3,385 resistance zone.
Ethereum Price Regains Traction
Ethereum price remained supported above $3,000 and started a fresh increase like Bitcoin. ETH gained pace for a move above the $3,150 and $3,220 resistance levels.
The bulls pumped the price above the $3,300 level. It gained over 10% and traded as high as $3,387. It is now consolidating gains above the 23.6% Fib retracement level of the recent move from the $3,036 swing low to the $3,387 high.
Ethereum price is now trading above $3,220 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $3,350 level. There is also a short-term contracting triangle forming with resistance at $3,360 on the hourly chart of ETH/USD.
The first major resistance is near the $3,385 level. The main resistance is now forming near $3,420. A clear move above the $3,420 resistance might send the price toward the $3,550 resistance. An upside break above the $3,550 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,650 resistance zone or even $3,880.
Another Decline In ETH?
If Ethereum fails to clear the $3,350 resistance, it could start another decline. Initial support on the downside is near the $3,300 level. The first major support sits near the $3,250 zone.
A clear move below the $3,250 support might push the price toward $3,220 or the 50% Fib retracement level of the recent move from the $3,036 swing low to the $3,387 high. Any more losses might send the price toward the $3,150 support level in the near term. The next key support sits at $3,050.
Technical Indicators
Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone.
Hourly RSI – The RSI for ETH/USD is now above the 50 zone.
Major Support Level – $3,250
Major Resistance Level – $3,385
Market
GOAT Price Sees Slower Growth After Reaching $1B Market Cap
GOAT price has skyrocketed 214.29% in one month, recently breaking into the $1 billion market cap and securing its place as the 10th largest meme coin. It now stands just ahead of MOG, which closely trails its position in the rankings.
However, recent indicators suggest that GOAT’s uptrend may be weakening, raising questions about whether it can sustain its rally or face a potential correction.
GOAT BBTrend Is Negative For The First Time In 4 Days
GOAT BBTrend has turned negative for the first time since November 17, now sitting at -0.54. This shift suggests that bearish momentum is beginning to take hold, with the asset’s recent upward trajectory starting to weaken potentially.
BBTrend measures the strength and direction of price trends using Bollinger Bands, with positive values indicating an uptrend and negative values signaling a downtrend. A negative BBTrend reflects increased downward pressure, which could indicate the start of a broader market shift.
GOAT has had an impressive November, gaining 61% and reaching a new all-time high on November 17.
However, the current negative BBTrend, if it persists and grows, could signal the potential for further bearish momentum.
GOAT Is In A Neutral Zone
GOAT’s RSI has dropped to 52, down from over 70 a few days ago when it reached its all-time high. This decline indicates that buying momentum has cooled off, and the market has moved out of the overbought zone.
The drop suggests a shift toward a more neutral sentiment as traders consolidate gains and the strong bullish pressure seen earlier subsides.
RSI measures the strength and velocity of price changes, with values above 70 indicating overbought conditions and below 30 signaling oversold levels. At 52, GOAT’s RSI is in a neutral zone, neither signaling strong bullish nor bearish momentum.
This could mean the current uptrend is losing strength, and the price may consolidate or move sideways unless renewed buying pressure reignites upward momentum.
GOAT Price Prediction: A New Surge Until $1.50?
If GOAT current uptrend regains strength, it could retest its all-time high of $1.37, establishing its market cap above $1 billion, a fundamental threshold for being among the biggest meme coins in the market today.
Breaking above this level could pave the way for further gains, potentially reaching the next thresholds at $1.40 or even $1.50, signaling renewed bullish momentum and market confidence.
However, as shown by indicators like RSI and BBTrend, the uptrend may be losing steam. If a downtrend emerges, GOAT price could test its nearest support zones at $0.80 and $0.69.
Should these levels fail to hold, the price could fall further, potentially reaching $0.419, putting its position in the top 10 ranking of biggest meme coins at risk.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
-
Market24 hours ago
This is Why MoonPay Shattered Solana Transaction Records
-
Ethereum21 hours ago
Fundraising platform JustGiving accepts over 60 cryptocurrencies including Bitcoin, Ethereum
-
Altcoin24 hours ago
BTC Reaches $97K, Altcoins Gains
-
Market18 hours ago
South Korea Unveils North Korea’s Role in Upbit Hack
-
Market22 hours ago
Cardano’s Hoskinson Wants Brian Armstrong for US Crypto-Czar
-
Altcoin16 hours ago
Sui Network Back Online After 2-Hour Outage, Price Slips
-
Market21 hours ago
Litecoin (LTC) at a Crossroads: Can It Rebound and Rally?
-
Altcoin15 hours ago
Dogecoin Whale Accumulation Sparks Optimism, DOGE To Rally 9000% Ahead?