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The world-famous Turkish crypto analyst known for his successful past predictions has shared these important forecasts. Known by the pseudonym EfloudTheSurfer, the analyst had previously identified many significant price movements and critical ranges. Today, he made important predictions a few hours ago regarding BTC market dominance (altcoins), ETH, and ARB Coin.
Will Altcoins Rise?
BTCD had experienced a significant pullback, which meant a potential rise for altcoins. Today, EfloudTheSurfer shared the following chart on his social media account for those wondering if the rise in altcoins will continue, saying;
“The scenario we set up is going well so far. I was predicting that these areas could be support zones. Therefore, with micro-LTF confirmations, dominance could increase even more.
If a break below the 53.7% level occurs, we may have to postpone the scenario for a while. I believe this could happen with a strong upward rally of BTC.
The upper blue box, which we expect to act as resistance, and the loss of the box it is currently finding support in could lead to another altcoin rally like the one we’ve experienced over the last 1.5 months.”
ETH and ARB Coin Price Prediction
The gains of altcoin king Ethereum against BTC are significant both for the weakening of BTCD and the general rise sentiment for altcoins. ETH has not performed as expected this year and is still not far from the bottom levels of the last year against BTC. Efloud wrote;
“At this stage, I can give two scenarios for those considering spot investment in altcoins or who have margin positions.
1) The breaking of the red box, the RH area, as mentioned in the previous analysis.
2) Buying the 0.053 (EQ) and RL area in parts or looking for confirmation in LTFs.
BTC Dominance analysis could also be useful.”
Lastly, about ARB Coin, in which he is currently 38% in profit from a long position, he wrote;
“I have shared many different trades here, but I will continue with the one based on the last three.
There’s a 38% profit from the first long area. There’s a 23% profit from the long in the red box. There’s a 6.6% profit from the last shared long with a note on the chart.
As I mentioned in my previous analysis, I am expanding my portfolio with a sell-at-resistance, buy-at-support model. I have closed the others except for the long opened at the bottom. Spot long-term investments continue. The price could pull back towards the green-lined area if there’s a bearish sign. I am thinking of building new positions from that area and slightly below.”
