bitcoin Predicting the bottom of the price in 2018 correctly, Smart Contracter stated that Ethereum (ETH) is preparing for a new rally, as well as giving a bullish signal.
The analyst thinks that Bitcoin has completed its corrective period and may now be ready for an uptrend.
Honestly I think this is the lowest for Bitcoin, I’m aiming for another rise from here to $25,500 daily.
Smart Contracter is among the popular analysts applying Elliott Wave theory. According to the theory, a bullish asset goes through a five-wave rally; The first, third, and fifth waves are impulse fluctuations, while the second and fourth waves are corrective periods.
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Looking at the analyst’s chart, it seems that he is predicting the end of the fourth wave with the fifth wave currently underway. At the time of this writing, Bitcoin was worth $21,821.
EthereumAs for , the analyst believes that ETH bulls managed to successfully defend the uptrend line of an ascending channel.
Crypto strategist also peer-to-peer payment network Litecoin(LTC) is also watching the price action. According to Smart Contracter, Litecoin is showing bullish signals against Bitcoin (LTC/BTC) after the pair hit multiple resistances in the lower time frame.
