Top Trader Warns Not To Call Top on Crypto Bull Market, Updates Outlook on Ethena (ENA) and One Memecoin

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A veteran trader says that it would be unwise to attempt to start calling for a top in the crypto bull market.

The pseudonymous trader known as The Flow Horse tells his Telegram channel that based on many charts, including Bitcoin (BTC), Gold futures, and the Nasdaq, there’s a clear bull market underway that could be costly to bet against.

“I said this in 2020 I will say it again now, if you are late to the break upward and having trouble entering, just buy and walk away.

One weekly strong close through the level and that’s it. The effectiveness of high timeframe acceptance is hard to argue…

I am not going to guess how long the party lasts but you are an idiot if you are calling tops right now. Naturally, someone will and then be loud about it when it eventually works, but they are just part of what is expected in a large sample.”

The Flow Horse also says that the crypto market is at a point where Bitcoin could steal liquidity away from altcoins in the event of a rally, but that some altco…