Image default
Bitcoin

Top Crypto Strategist Predicts Strong Rallies for Bitcoin (BTC) and Ethereum (ETH) – But There’s a Catch

A well-liked crypto analyst who nailed Bitcoin’s 2018 backside believes that BTC and Ethereum (ETH) are gearing up for steep price rallies.

The pseudonymous analyst Smart Contracter tells his 210,900 followers that Bitcoin has accomplished a five-wave rally on the four-hour chart and is now possible poised for a corrective transfer again all the way down to the $20,000 stage.

“Nice five-wave rise from the lows on four-hour for BTC. I’ll be looking to long any pullback below $20,500 over the next few days.”

Image
Source: Smart Contracter/Twitter

Smart Contracter’s evaluation relies on the Elliott Wave principle, a sophisticated technical evaluation method that makes an attempt to foretell future price motion by following crowd psychology that tends to manifest in waves. According to the idea, the pattern of an asset reverses after finishing a five-wave rally.

While Smart Contracter is short-term bearish on BTC, he believes that Bitcoin could possibly be carving a cycle backside.

“I can also see a higher timeframe weekly swing failure pattern/double bottom forming too… At minimum, [I’m targeting] the range highs on weekly around the $24,000-$25,000 mark.” 

Image
Source: Smart Contracter/Twitter

At time of writing, BTC is altering palms for $22,156, up over 2% on the day.

Looking at Ethereum, Smart Contracter predicts a sharp pullback for the main good contract platform earlier than placing collectively a steep rally towards his goal of $2,400.

“The ETH C-wave down is now probably underway, correcting the five-wave rise from the July lows.”

Image
Source: Smart Contracter/Twitter

At time of writing, Ethereum is buying and selling for $1,687, down over 2% previously day.

Don’t Miss a Beat – Subscribe to get crypto e-mail alerts delivered on to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl will not be funding recommendation. Investors ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your personal danger, and any loses it’s possible you’ll incur are your duty. The Daily Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital property, neither is The Daily Hodl an funding advisor. Please word that The Daily Hodl participates in internet affiliate marketing.

Featured Image: Shutterstock/Zaleman

Related posts

Top Trader Says Bitcoin (BTC) Set To Rally and Outperform Stock Market – Here’s His Timeline

Crypto Advisor

Here’s How Bitcoin (BTC) Can Rally to $58,000 Amid Uncertain Macro Conditions, According to Top Crypto Analyst

Crypto Advisor

Billionaire Sam Bankman-Fried Says FTX Crypto Platform Has No Plans To Acquire Rival Exchange Huobi

Crypto Advisor

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

bitcoin
Bitcoin (BTC) $ 19,132.02 1.18%
ethereum
Ethereum (ETH) $ 1,321.45 2.92%
tether
Tether (USDT) $ 0.999883 0.49%
usd-coin
USD Coin (USDC) $ 0.999761 0.06%
bnb
BNB (BNB) $ 274.80 0.77%
binance-usd
Binance USD (BUSD) $ 1.00 0.59%
cardano
Cardano (ADA) $ 0.445252 0.10%
xrp
XRP (XRP) $ 0.470646 5.94%
polkadot
Polkadot (DOT) $ 6.53 5.81%
solana
Solana (SOL) $ 33.45 3.33%
shiba-inu
Shiba Inu (SHIB) $ 0.000011 0.58%
dogecoin
Dogecoin (DOGE) $ 0.060754 0.57%
staked-ether
Lido Staked Ether (STETH) $ 1,315.03 2.84%
matic-network
Polygon (MATIC) $ 0.748147 1.40%
tron
TRON (TRX) $ 0.059571 0.13%
dai
Dai (DAI) $ 1.00 0.07%
avalanche-2
Avalanche (AVAX) $ 17.37 0.33%
ethereum-classic
Ethereum Classic (ETC) $ 28.22 0.69%
leo-token
LEO Token (LEO) $ 4.07 0.66%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 19,131.14 1.65%
uniswap
Uniswap (UNI) $ 5.86 2.52%
litecoin
Litecoin (LTC) $ 53.05 0.07%
cosmos
Cosmos Hub (ATOM) $ 13.89 0.65%
okb
OKB (OKB) $ 15.27 1.72%
ftx-token
FTX (FTT) $ 24.06 2.16%
terra-luna
Terra Luna Classic (LUNC) $ 0.000307 53.35%
near
NEAR Protocol (NEAR) $ 3.64 0.55%
chainlink
Chainlink (LINK) $ 7.81 1.01%
crypto-com-chain
Cronos (CRO) $ 0.114052 1.52%
monero
Monero (XMR) $ 144.53 2.46%
stellar
Stellar (XLM) $ 0.113504 3.94%
bitcoin-cash
Bitcoin Cash (BCH) $ 115.72 2.26%
algorand
Algorand (ALGO) $ 0.365243 5.13%
flow
Flow (FLOW) $ 1.64 0.35%
vechain
VeChain (VET) $ 0.022622 0.95%
eos
EOS (EOS) $ 1.18 0.63%
internet-computer
Internet Computer (ICP) $ 6.21 4.89%
filecoin
Filecoin (FIL) $ 5.66 0.14%
chain-2
Chain (XCN) $ 0.073391 2.80%
frax
Frax (FRAX) $ 0.997974 0.42%
hedera-hashgraph
Hedera (HBAR) $ 0.059226 0.35%
decentraland
Decentraland (MANA) $ 0.699927 0.19%
apecoin
ApeCoin (APE) $ 5.49 0.19%
the-sandbox
The Sandbox (SAND) $ 0.85171 1.34%
tezos
Tezos (XTZ) $ 1.47 0.56%
quant-network
Quant (QNT) $ 118.94 1.71%
axie-infinity
Axie Infinity (AXS) $ 12.40 0.32%
aave
Aave (AAVE) $ 75.51 2.36%
lido-dao
Lido DAO (LDO) $ 1.61 0.25%
elrond-erd-2
Elrond (EGLD) $ 46.49 0.17%
theta-token
Theta Network (THETA) $ 1.09 0.67%
true-usd
TrueUSD (TUSD) $ 0.99994 0.07%
chiliz
Chiliz (CHZ) $ 0.253366 1.33%
bitcoin-sv
Bitcoin SV (BSV) $ 51.43 6.24%
compound-usd-coin
cUSDC (CUSDC) $ 0.022679 0.08%
paxos-standard
Pax Dollar (USDP) $ 1.00 0.25%
kucoin-shares
KuCoin (KCS) $ 9.06 1.41%
bittorrent
BitTorrent (BTT) $ 0.00000078617064 1.28%
ecash
eCash (XEC) $ 0.000041 0.94%
the-graph
The Graph (GRT) $ 0.102552 1.10%
iota
IOTA (MIOTA) $ 0.310184 13.59%
zcash
Zcash (ZEC) $ 57.95 2.92%
huobi-btc
Huobi BTC (HBTC) $ 19,166.19 1.48%
usdd
USDD (USDD) $ 1.00 0.01%
huobi-token
Huobi (HT) $ 4.41 0.53%
evmos
Evmos (EVMOS) $ 1.88 5.57%
havven
Synthetix Network (SNX) $ 2.30 1.65%
cdai
cDAI (CDAI) $ 0.022108 0.07%
maker
Maker (MKR) $ 713.92 1.69%
bitdao
BitDAO (BIT) $ 0.467775 1.56%
klay-token
Klaytn (KLAY) $ 0.203533 0.88%
neutrino
Neutrino USD (USDN) $ 0.95429 0.78%
fantom
Fantom (FTM) $ 0.226925 1.44%
compound-ether
cETH (CETH) $ 26.61 2.44%
neo
NEO (NEO) $ 8.32 0.34%
helium
Helium (HNT) $ 4.69 4.67%
gatechain-token
Gate (GT) $ 4.20 0.28%
defichain
DeFiChain (DFI) $ 0.751335 2.46%
radix
Radix (XRD) $ 0.058342 2.65%
celsius-degree-token
Celsius Network (CEL) $ 1.45 0.28%
pax-gold
PAX Gold (PAXG) $ 1,613.10 1.08%
pancakeswap-token
PancakeSwap (CAKE) $ 4.60 1.71%
thorchain
THORChain (RUNE) $ 1.59 0.00%
osmosis
Osmosis (OSMO) $ 1.17 1.33%
zilliqa
Zilliqa (ZIL) $ 0.031487 0.69%
enjincoin
Enjin Coin (ENJ) $ 0.463297 0.78%
nexo
NEXO (NEXO) $ 0.915027 0.62%
arweave
Arweave (AR) $ 9.36 1.10%