A popular crypto analyst known for calling the 2018 Bitcoin (BTC) bottom says altcoins may swing bullish after most of their gains this year were just erased.
The pseudonymous analyst Smart Contracter tells his 221,300 Twitter followers that Bitcoin and Ethereum (ETH) are finding support after dips, indicating a possible relief rally will occur in the crypto markets over the next few weeks.
“Unlike last week’s bear flag breakdown on BTC and ETH, this one is getting immediately bought back up indicating fakeout. Maybe were due for a few weeks of relief, might be time to long some of the alts that just got obliterated.”
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Source: Smart Contracter/Twitter
Ethereum is trading for $1,537 at time of writing.
Smart Contractor says that Bitcoin was showing a
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