Analyst Who Known as Bitcoin and Crypto Crash Says One Ethereum Competitor Seems to be Prepared To Erupt

by Cryptospacey

A carefully adopted crypto analyst who precisely predicted the Bitcoin (BTC) year-end crash is updating his forecast on a number of altcoins.

Pseudonymous crypto dealer Good Contracter tells his 205,800 Twitter followers that month-to-month closes are wanting good for quite a few initiatives.

One altcoin on Good Contracter’s radar is Fantom (FTM), which he says has already accomplished a corrective A-B-C sample on the weekly timeframe. The dealer predicts an explosive 190% transfer for the sensible contract platform from its present stage of $1.55 to a recent all-time excessive of round $4.50.

“FTM weekly wanting like a giant corrective A-B-C from the highs.

One other that I believe has a cracking probability of an all-time excessive this 12 months.”

Supply: Good Contracter/Twitter

The dealer provides that high-performance blockchain Solana (SOL) can be flashing bullish alerts on each the US greenback and Bitcoin pairs.

Taking a look at SOL towards the US greenback (SOL/USD), Good Contracter says the pair is displaying a bullish reversal sample on the backside of a multi-month downtrend.

“Month-to-month charts closed right this moment and one of many altcoins I like is Solana (SOL). On the US greenback pair, we’ve a textbook morning star sample on the month-to-month timeframe which occurred lifeless smack on the 0.618 [Fibonacci retracement level].”

Paired towards Bitcoin (SOL/BTC), Good Contracter says that Solana additionally accomplished a three-wave corrective sample (A-B-C), suggesting {that a} development reversal is in sight.

“Additionally on the Bitcoin pair, the entire construction from the highest appears to be like like a transparent A-B-C [pattern].”

Supply: Good Contracter/Twitter

Good Contracter depends on the Elliott Wave concept, which predicts future worth motion by following crowd psychology that tends to manifest in waves. In line with the idea, the completion of an A-B-C corrective sample usually results in a development reversal.

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