Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Solana Forum => Topic started by: Tunir Baap on October 13, 2021, 11:18:56 AM
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A popular crypto analyst and trader is predicting a massive run-up for Bitcoin (BTC) and anticipates that smart contract platform Solana (SOL) will also surge.
The pseudonymous trader known as Smart Contracter tells his 173,500 Twitter followers that Bitcoin is about to rocket to fresh all-time highs without any deep correction.
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“No significant BTC pullback in sight. We’re gunning straight to all-time highs. Markets rarely give you a second chance at sniping bottoms.”
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Source: Smart Contracter/Twitter
While plotting a BTC chart, Smart Contracter sees Bitcoin rising to a new all-time high of $70,000 as the leading crypto asset ignites a five-wave rally.
The trader’s prediction is based on the Elliott Wave Theory, a technical analysis approach that forecasts future price action by following the psychology of market participants that manifests in waves.
As for Ethereum (ETH), the crypto analyst says that the leading smart contract platform has carved a bullish higher low setup and is now ready to rally above $3,700.
“Nice 0.618 test and higher low with trend being put in on ETH [4-hour timeframe]. Breakout soon.”
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Source: Smart Contracter/Twitter
The crypto strategist is also keeping a close eye on Solana, which he believes is nearly done with its corrective period in both the Bitcoin and USD pairs.
“[Wave] four low very close to being put in on SOL/BTC in my opinion. The same low on the USD pair already put in and just in some HTF [high timeframe] re-accumulation. The next move higher will be >100% [in my opinion].”
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Bitcoin is not going to back down and this Bitcoin has a very good image because this Bitcoin will really be the top choice for traders and investors over altcoins.
Even though Solana is currently having a good hive and Solana also has very good strength because Solana was developed by a dev who has experience in Ethereum coins but Solana is also impossible to beat Bitcoin because Bitcoin is really very superior.
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Solana is indeed a superior coin that has been able to make a profit since it was first created by Anatoly Yakovenko but if you have to deal with Bitcoin then all of that is lost because Bitcoin is the parent of all cryptocurrencies.
Solana must follow the direction of the Bitcoin price, whether Bitcoin wants to go down or up, Solana's price is always in the same direction. Trust me, because all altcoins are all subject to Bitcoin price since 2017 I know Bitcoin.
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Bitcoin until now is really very good to look at the chart because now Bitcoin has never known the word Bearish, if you don't believe it, just look at the Bitcoin chart, which is very super and has not decreased in the 1 week chart.
This is also for the Solana coin because I see this Solana coin is really very good and has a very extraordinary value and I make sure that this Solana coin will really be the best choice for the future compared to Bitcoin.
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Well, in cryptocurrency market, anything can happen, some of these analysis look very good but a single dump will crash the trend. When the Bitcoin start the up trend movements, there are whales sitting aside to take advantage of the price Surg to sale/dump, while some holders will also panic sales causing massive price drop that may lead to dip or corrections, and the worst case senero is market may turn bearish. I just hope BTC will maintain the current trends unto the new year, 2022.
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I've been trying to hold solana coins since February and now I've reached my desired ROI, technical analysis is needed to trade, but I always see it from the number of users, when many projects are using the Solana, Ethereum and BSC network, then there the level of demand for coins will increase as they require SOL, ETH and BSC to be able to run smart contracts in their chosen chain
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Solana is already established compared to other coins, so if you compare it with Bitcoin, you are not too afraid because I believe that Bitcoin is very pure for Solana coins if you have to compare it.
Solana is an altcoins just like Ethereum, Cardano and Polakdot which cannot be compared to Bitcoin because the name altcoins is always changing all the time, whether it's development or features.