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Crypto Strategist Who Predicted 2018 Bitcoin Bottom Issues Alert, Says BTC Primed for Fresh Bear Market Lows
A crypto analyst who correctly called Bitcoina (BTC) 2018 raro e kii ana te kingi crypto kei te whakarite mo tetahi atu nekehanga whakatika i te huarahi ki te whakairo i te maakete pea hou iti.
The pseudonymous analyst Smart Contracter tells his 216,200 Twitter followers that Bitcoin’s recent rally from its current bear market low of $15,546 is likely coming to an end.
"Kei te whakapono tonu ahau mo tenei wa ko tenei nekehanga ki runga i te BTC he waahanga o te ngaru ABC whakatika wha i mua i te hanga i te iti-iti-$15,000 hou ki te Q1 2023 i reira ka kitea e matou he waahi mo te wa roa."
Source: Maatau Hiko / TwitterKa mahia e te Kaikirimana Ataata te ariā Elliott Wave, he huarahi tātari hangarau e ngana ana ki te matapae i nga mahi utu a meake nei ma te whai i te hinengaro o nga kaiuru maakete e kaha ana ki te whakaatu i nga ngaru. E ai ki te ariā, e rima nga ngaru o te heke, ka kite te rawa i nga tawhana poto i nga ngaru rua me te wha.
According to Smart Contracter’s chart, Bitcoin appears to be on the last leg of its wave four bounce, gearing up for a final run toward $18,000. The analyst predicts that BTC will subsequently continue its downtrend to his target of around $14,500 to complete the five-wave cycle.
I te wa e tuhituhi ana, Bitcoin is changing hands for $16,979, suggesting a nearly 15% decrease should BTC reach Smart Contracter’s bottom target.
Kei te maataki tonu te tohunga rautaki crypto mo te taurangi taara US (DXY), e kii ana ia kei te hikoi nga tohu tohu.
"Ko te hurihanga nui o te DXY i tenei ra, ehara i te mea e hiahia ana koe ki te kite mena kei te pai koe ki te crypto. Ahakoa te ahuatanga pai rawa atu, ki taku whakaaro ka peke tonu ki te 108-109 tera pea ka heke iho te crypto.
Source: Maatau Hiko / TwitterTraders keep a close watch on the DXY as a strong index suggests that investors are selling risk assets like Bitcoin and stocks in favor of the US dollar.
Meanwhile, fellow Elliott Wave practitioner Credible believes that Bitcoin can surge above resistance at $18,000. The analyst tells his 336,200 Twitter followers that Bitcoin is in an uptrend on the one-hour chart and looks poised for a big bounce.
Source: Credible / TwitterI runga i te ariā o Elliott Wave, ko tetahi rawa kei roto i te pikinga ka haere ano i roto i nga ngaru e rima, ko nga ngaru tuatahi, toru me te rima he huihuinga ki runga. Ka titiro ki te tūtohi a te kaitātari, ka kite ia i te BTC e mutu ana tana ngaru e rua nga nekehanga whakatika i te $16,400 i mua i te mura o te ngaru toru i runga ake i te $18,000.
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