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Trader who called the bottom of 2018 bear market says an altcoin is ready for the next bull market – Hodl Daily

Bitcoin News > Trader who called the bottom of 2018 bear market says an altcoin is ready for the next bull market – Hodl Daily

The crypto strategist who correctly called the bottom of the 2018 bear market says that he is one of the altcoins that looks strong during the current correction.

Analyst nicknamed Smart Contractor tell With his 208,500 Twitter followers, he’s amazed at how well smart contract platform Binance Coin (BNB) has resisted. Bitcoin (BTC) in the latest bear market.

“Makes me remember [Ethereum] in 2017. When I start to crave with the intention of bottoming, BNB will be one of those things for me. ”

Source: SmartContracter / Twitter

Binance Coin is trading for $218.18 at the time of writing, down more than 2% over the past seven days.

Smart Contracter has compiled a list of developments that he says suggest a bear market bottom is near. First on the list is a tweet from economist Alex Krüger, who noted that Google searches for “Bitcoin is dead” hit an all-time high over the weekend.

The strategist also Note The Fear and Greed Index is showing a rating of six, indicating “extreme fear”. The Fear and Greed Index measures market sentiment with values ​​ranging from 0 to 100.

Analysts also think crypto hedge fund news Three Arrows Capital’s staggering losses are another sign that bottom is near.

Smart Contractor said last week both top BTC and altcoins Ethereum (ETH) has gone through a speculative phase and is currently trading in a price zone that he says is strong support for the two top crypto assets by market capitalization.

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Disclaimer: The opinions expressed at The Daily Hodl are not investment advice. Investors should do due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and transactions are at your own risk and any losses you may incur are your responsibility. Daily Hodl does not recommend buying or selling any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl engages in affiliate marketing.

Featured photo: Shutterstock / SpicyTruffel / KsanderDN



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Teja
Teja
I am passionate about journalism and using new technology to spread news. I am also interested in politics and economics, and I am always looking for ways to make a difference in the world. I am the CEO of Janaseva News, and I am 24 years old.
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