The popular analyst and trader who accurately predicted Bitcoin’s (BTC) 2018 trough six months ago appears to be turning into a bull.
Pseudonym Analyst Smart Contracter To tell His 218,100 Twitter followers say he’s dropping his bearish bias after Bitcoin breaks out of the upside.
He is currently looking for opportunities to enter long positions whenever a breakdown occurs.
Bitcoin could outperform other crypto assets in the future, according to Smart Contracter.
“Now that BTC is coming out of this slow and choppy grind, I am abandoning my bearish bias and looking to a longer pullback.
The price action looks impulsive to me right now, but as BTC tries to recapture its December highs, I believe it will increase its dominance and beat the altcoins. “
Looking at crypto analyst charts, smart contracts seem to suggest that Bitcoin is poised to rise above $18,800. In his technical analysis, smart contracts apply the Elliott wave theory. This shows that the main trend occurs in his 5-wave pattern and the correcting trend occurs in his 3-wave pattern.
Bitcoin is trading at $18,157 at the time of writing.
When it comes to Bitcoin’s dominance, Smart Contracter seems to predict BTC will reach over 43%. Bitcoin’s dominance is currently at 38%.
Next is smart contract-enabled blockchain Avalanche (AVAX).smart contractor To tell The 19th largest crypto asset by market cap appears to have bottomed out after a 90% correction from its all-time high. Crypto analysts say they will look for buying opportunities when the avalanche corrects down.
“Now that AVAX is out of the high timeframe ending diagonal at the God’s Candle, it looks like a bottom to me.
I can never follow you here. But he’s 100% back on my radar again for pullback buys. “
Avalanche is trading at $15.18 at the time of writing, up about 40% in two weeks.
Don’t miss a beat – subscribe to get encrypted email alerts delivered straight to your inbox
Price action confirmation
Please follow us twitter, Facebook When telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should exercise caution before making risky investments in Bitcoin, cryptocurrencies or digital assets. Please note that your money transfers and transactions are made at your own risk and you are responsible for any losses you may incur. The Daily Hodl does not endorse the buying or selling of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. The Daily Hodl participates in affiliate marketing.
Generated image: In the middle of the journey