Analyst Who Nailed 2018 Bitcoin Bottom Issues Ethereum Update, Says Altcoin Markets Primed for Volatility - The Daily...

The crypto strategist who accurately called Bitcoin’s (BTC) 2018 bottom is telling Ethereum (ETH) holders that the leading smart contract platform is set up for a significant correction.

Pseudonymous analyst Smart Contracter tells his 213,900 Twitter followers that Ethereum completed a five-wave rise on the lower timeframe and is now poised for at least a 15% retracement from its recent high.

Source: Smart Contracter/Twitter

Smart Contracter is a popular practitioner of the Elliott Wave theory, an advanced technical analysis approach that follows crowd psychology that tends to manifest in waves. According to the theory, assets typically correct after a five-wave rally.