Leading Trader Suddenly Reverses Position on Bitcoin, Particulars Bullish Outlook on BTC and One Ethereum Opposition

A popular expert and trader who precisely anticipated Bitcoin’s (BTC) 2018 bottom 6 months ahead of time seems changing into a bull.

The pseudonymous expert Smart Contracter tells his 218,100 Twitter fans that he’s dropping his bearish predisposition after Bitcoin broke out of an upper variety.

He’s now searching for chances to go into long positions whenever a breakdown takes place.

According to Smart Contracter, Bitcoin will likely surpass other crypto possessions progressing.

” Now that BTC broke out of this sluggish choppy grind up, I’m ditching bearish predisposition and aiming to long pullbacks.

Cost action looks spontaneous to me now and I likewise think with BTC on the cusp of getting the December high, BTC supremacy will increase and BTC surpass altcoins.”

Taking a look at the crypto expert’s charts, Smart Contracter appears to recommend that Bitcoin is primed to increase above $18,800. In his technical analysis, Smart Contracter uses Elliot Wave Theory, which mentions that the primary pattern takes place in a five-wave pattern while a restorative pattern takes place in a three-wave pattern.

Bitcoin is trading at $18,157 sometimes of composing.

When it comes to Bitcoin supremacy, Smart Contracter seems anticipating that BTC will reach over 43%. Bitcoin supremacy is presently 38%.

Successive is the clever contract-enabled blockchain Avalanche (AVAX). Smart Contracter says that the 19th-largest crypto possession by market cap appears to have actually bottomed out after a 90% correction from the all-time high. The crypto expert states that he will search for purchasing chances when Avalanche fixes downwards.

” Now that AVAX broke out of that high timeframe ending diagonal with a god candle light, it does appear like a bottom to me.

Absolutely can’t go after here. However 100% back on my radar once again for pullback purchases.”

Avalanche is trading at $15.18 sometimes of composing, up by about 40% in 2 weeks.

Created Image: Midjourney