- Andrew Kang has been known as out on Twitter for conflicting views on the Chinese language crypto narrative.
- Crypto merchants have accused Kang of adjusting bias after the market peaked.
- Kang has claimed that the Chinese language narrative will return within the second quarter to pump Chinese language cash.
Well-liked crypto influencer Andrew Kang has been known as out by fellow influencers and crypto merchants on Twitter for his conflicting opinions on the Chinese language narrative. Criticism for Kang poured in after he shared his views on Bitcoin’s potential value motion in mild of the Chinese language narrative.
Andrew Kang took to Twitter on Thursday to touch upon Bitcoin’s potential to push up. He claimed that following the upward momentum over the previous two months, the Bitcoin pool has gotten crowded. In keeping with him, “For market to go increased, [it] first want[s] extra folks to return to the sidelines.”
The influencer claimed that bullish momentum was over for the primary quarter of the yr and that he would open lengthy positions on Bitcoin as soon as its value reached the $20,000-$21,000 stage, in step with the Chinese language narrative. Critics didn’t maintain again whereas telling Kang about his ill-informed plan to lengthy BTC, which might ultimately finish in his positions getting liquidated.
The Chinese language narrative was ultimately deserted by Kang, following a substantial downturn in BTC. Fellow influencer and dealer crimea COIN took concern with Kang’s sudden silence on China. “You noticed a divergence on a chart after bull-posting the highest after which China simply disappeared or what?” he tweeted earlier immediately.
In keeping with the critic, Andrew Kang began shilling the Chinese language narrative to his followers after mid-February, when his portfolio had reportedly peaked due to the market rally on the time. Kang defended his place by mentioning that the Chinese language stream had slowed down after pumping Chinese language cash as much as 10x. He additional claimed that the narrative will return within the second quarter of 2023.