Monday, September 25, 2023
cryptonews100
No Result
View All Result
CryptoNews100
No Result
View All Result
Home Uncategorized

Crypto Analyst Who Accurately Called 2018 Bitcoin Bottom Predicts Massive Correction for Ethereum Competitor Terra (LUNA)

cryptonews100_tggfrn by cryptonews100_tggfrn
April 12, 2022
in Uncategorized
0
Crypto Analyst Who Accurately Called 2018 Bitcoin Bottom Predicts Massive Correction for Ethereum Competitor Terra (LUNA)
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter
Sign up an get up to $1000 USDT!


A intently adopted crypto strategist who appropriately known as the Bitcoin (BTC) backside throughout the 2018 bear market is predicting a deep correction for decentralized finance fee community Terra (LUNA).

Pseudonymous crypto analyst Good Contracter tells his 207,000 Twitter followers that LUNA has accomplished its five-wave rally and is now en path to a full-blown bearish reversal.

“I feel LUNA lastly put in a long-term high. Clear five-wave rise on weekly with a bearish engulfing to substantiate the highest.

This may come down a minimal of fifty% or so in my view.”

Image
Supply: Smart Contracter/Twitter

Good Contracter subscribes to the Elliott Wave concept, a technical evaluation method that predicts future value motion by following crowd psychology that tends to manifest in waves. In line with the speculation, an asset goes by means of a five-wave cycle earlier than a serious pattern reversal.

Trying on the analyst’s chart, LUNA seems to be headed to $25, representing a draw back potential of almost 70% from its present value of $83.05.

The crypto strategist can also be taking a look at Bitcoin, which he says is within the midst of a five-wave correction on the decrease timeframe.

“BTC [is] now within the means of an impulsive five-wave decline on four-hour [chart], so anticipating a pleasant aid bounce to $45k or so within the coming days, then additional draw back. $37-$38k is new key assist.”

Image
Supply: Smart Contracter/Twitter

At time of writing, Bitcoin is buying and selling $39,709.

Examine Price Action

Comply with us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp
Check Latest News Headlines

 

Related articles

Four Inc. and Chainalysis Partner on Blockchain Analysis for Government

Four Inc. and Chainalysis Partner on Blockchain Analysis for Government

August 29, 2023
Bitcoin Surges After Grayscale Wins Appeal Against SEC

Bitcoin Surges After Grayscale Wins Appeal Against SEC

August 29, 2023
Disclaimer: Opinions expressed at The Every day Hodl usually are not funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your personal threat, and any loses you might incur are your duty. The Every day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Every day Hodl an funding advisor. Please notice that The Every day Hodl participates in affiliate internet marketing.

Featured Picture: Shutterstock/Tithi Luadthong





Source link

Tags: AccuratelyAnalystBitcoinBottomCalledCompetitorCorrectioncryptoEthereumLUNAmassivepredictsTerra
Share76Tweet47
Drive and walk to earn crypto!

Related Posts

Four Inc. and Chainalysis Partner on Blockchain Analysis for Government

Four Inc. and Chainalysis Partner on Blockchain Analysis for Government

by cryptonews100_tggfrn
August 29, 2023
0

Four Inc. has partnered with Chainalysis to equip authorities businesses with the required instruments to observe, analyze and fight illicit actions inside blockchain...

Bitcoin Surges After Grayscale Wins Appeal Against SEC

Bitcoin Surges After Grayscale Wins Appeal Against SEC

by cryptonews100_tggfrn
August 29, 2023
0

The value of Bitcoin rose considerably Tuesday following phrase that america Court docket of Appeals for the DC Circuit sided...

How to host an event in the metaverse

How to host an event in the metaverse

by cryptonews100_tggfrn
August 29, 2023
0

Event administration in the metaverseThe planning, coordination and execution of varied occasions inside digital and augmented actuality environments are referred...

Bitcoin Price Prediction Amid Mining Challenges, Trading Lulls, and Upcoming Economic Data

Bitcoin Price Prediction Amid Mining Challenges, Trading Lulls, and Upcoming Economic Data

by cryptonews100_tggfrn
August 29, 2023
0

Bitcoin, the pioneering cryptocurrency, presently trades at $26,111, marking a modest enhance of practically 0.25% as of Tuesday. This value motion...

Animoca Brands Reports US$402 Million Bookings for 2022

Animoca Brands Reports US$402 Million Bookings for 2022

by cryptonews100_tggfrn
August 29, 2023
0

Animoca Brands, a number one determine within the realms of digital leisure and blockchain know-how, has unveiled its monetary efficiency...

Load More

Crypto Fear & Greed Index

Latest Crypto Fear & Greed Index

Recent News

What Makes Liquid Network An Ideal Starting Point For Newcomers To Explore Cryptocurrency?

What Makes Liquid Network An Ideal Starting Point For Newcomers To Explore Cryptocurrency?

September 25, 2023

Can Bitcoin, Ethereum Bank on Spot ETF Approval to Reverse Downtrend?

September 25, 2023
MicroStrategy Added 5,445 Bitcoin (BTC) for $150M Since August

MicroStrategy Added 5,445 Bitcoin (BTC) for $150M Since August

September 25, 2023

Categories

  • Alt Coins
  • Bitcoin
  • Cardano
  • Chainlink
  • Cryptocurrency
  • Dogecoin
  • Elon Musk
  • Ethereum
  • Exchanges
  • Litecoin
  • Pokadot
  • Polygon
  • Shiba Inu
  • Solana
  • The FED
  • Uncategorized
  • VeChain
  • XRP

Download the official CryptoNews100 Android App! Click the button below:

Tags

ADA (219) Analyst (125) Binance (227) Bitcoin (1179) blockchain (246) BTC (270) Buy (160) Cardano (396) ChainLink (294) coin (173) Coinbase (136) crypto (1321) Cryptocurrency (465) Cryptos (138) DOGE (224) Dogecoin (363) DOT (159) Elon (188) ETH (201) Ethereum (586) Inu (377) investors (164) Link (166) LUNA (244) market (363) MATIC (152) million (158) Musk (138) Network (140) News (210) Polkadot (234) POLYGON (292) prediction (202) price (950) Ripple (190) SEC (246) SHIB (185) Shiba (408) SOL (159) Solana (289) Terra (287) today (131) top (263) VeChain (173) XRP (392)

© 2023 Crypto News100 All Rights Reserved.
By visiting this website, you understand that the content provided within is for educational and entertainment purposes only. Nothing on this site may be constituted as financial advice and this site is not directing you to make any investments in cryptocurrency or in anything else. Thank you for visiting and please proceed responsibly.
As an Amazon Associate I earn from qualifying purchases.

No Result
View All Result
  • Home
  • Bitcoin
  • Ethereum
  • Alt Coins
    • Cardano
    • Dogecoin
    • Litecoin
    • Pokadot
    • Polygon
    • Shiba Inu
    • Solana
    • XRP
    • VeChain
  • Crypto Related DEALS

© 2023 Crypto News100 All Rights Reserved.
By visiting this website, you understand that the content provided within is for educational and entertainment purposes only. Nothing on this site may be constituted as financial advice and this site is not directing you to make any investments in cryptocurrency or in anything else. Thank you for visiting and please proceed responsibly.
As an Amazon Associate I earn from qualifying purchases.