Now that Ether ETFs are launched, keep quiet thinking that the price of Ether will go up. According to anonymous crypto trader Roman, Bitcoin is holding the price queue.
“In the short term. I don't see Ethereum doing well for at least the next two months,” he said in an interview with Flame Hall.
A popular crypto trader with 56,000 X followers thinks that just like the rest of the cryptocurrency market, Ether should wait until they get bored with the price of Bitcoin before moving their money to another cryptocurrency.
“ETH is going to take its time. I think the biggest implication of this is when there's that liquidity shift,” Roman explained.
When traders start making quick changes by cashing out their Bitcoins for riskier assets, it usually means that they think Bitcoin is at or near a peak.
Roman Ethereum “didn't really do well” until bitcoin hit $40,000 in 2020, he recalls.
“So let's say Bitcoin reaches $120,000. It could actually go down to $90,000. On that correction, when those people take profits, they're not just running to the bank taking profits. They are moving the money to Ethereum and all these other altcoins,” he explains.
“The only way we will get this is if Bitcoin breaks a high and continues to go much higher. So more money can come in. “
Roman believes a reversal could happen before December and says Bitcoin breaking $72,000 is “pretty much proof” that it's on its way to $90,000.
For anyone still thinking about jumping into Bitcoin, Roman thinks they might be a little late to the game. But altcoins may still be worth a go.
“I wouldn't buy now. I think it's too late now, at least for Bitcoin. But I don't agree with many alts,” he says.
Roman's technical discussion about the market is nothing new, ending his daily calls with about 100 subscribers who pay $40 a month to hear him discuss the market.
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ToggleWhat made Roman X famous?
Roman admits that when he debuted on April 2021 X, he forgot it was a public forum and used it as a teenage girl's diary.
“Twitter posting was like a journal for myself,” he laughs, adding that the content was accidentally viral.
“I don't know how they blew up because it wasn't like me tweeting at people. I was this very small label,” he laughs.
However, some of the content of the previous bull run was in the currency, which may have caught the eye of hopeful traders.
My analysis of the 2020 and indeed 2021 bull market was very accurate. “I posted a couple of times that suggested the peak was in November 2021 and it ended up being true,” he said.
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“Maybe I was lucky, but at the end of the day my analysis speaks for itself and I think most people know that it is relatively reliable compared to other traders,” he laughs.
“You have a lot of people out there who are phonies or whatever analysis they post and nothing comes up.”
“They post in both directions and delete one post and take another and try to make it popular and people understand that I don't. I let my stuff speak again,” he explains.
What kind of content does pomegranate make?
Roman is a pretty active content creator on X, posting four to five times a day.
“Mainly as chart-wise again a lot of Bitcoin, maybe some dominant charts, maybe here also all the coin chart,” he said.
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He streams market chart analysis live on his YouTube channel.
“In addition, Monday, Wednesday and Friday live broadcasts are free to the public,” he explained.
What kind of content does Roman like?
Roman primarily follows other crypto traders on the web and has no time for meme-filled, trash-talking crypto content.
One of his favorites is veteran analyst and chart guru Peter Brandt.
“He's been trading for 40 years and can learn a lot from him, he's not just crypto but a general trader,” he says.
Another one of his favorite sole crypto traders is Castillo Trading, another guy like him.
He is very strong. He's just another American,” he says.
Roman is a fan of “IWantCoinNews” because he posts altcoin charts.
Roman predictions?
Unlike traders who fear being wrong, Roman brings the alpha energy you see with six-foot-tall guys on the football field when making predictions.
However, he still knows himself to sound a warning when he lets out a scream.
“I hate to say it this way, but we're completely clear to get up,” he laughs.
“There's nothing stopping us at this point if we break $72,000,” Roman said.
“I put a conservative estimate of $100,000 to $120,000 by the end of the year,” he says.
As for which altcoins, he believes “anything about AI will be relatively good” after the liquidation away from bitcoin.
“I think TAO and obviously Fetch.AI are my two horses to bet on,” he said.
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Ciaran Lyon
Ciaran Lyons is an Australian crypto journalist. He is also a freelance comedian and has been a radio and TV presenter on Triple J, SBS and The Project.
