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Showing posts with the label elliott wave theory

‘Time Has Come’ – Top Trader Predicts More Rallies for Dogecoin, Updates Forecast for Bitcoin and PEPE

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An analyst who has earned the “Master Trader” rank on the crypto exchange Bybit believes top memecoin Dogecoin (DOGE) is primed for more rallies. Pseudonymous analyst Bluntz tells his 291,000 followers on the social media platform X that Dogecoin appears to have completed an ABC corrective wave against Bitcoin (DOGE/BTC). The trader practices Elliott Wave theory, which states that a bullish asset tends to witness a five-wave upside move after an “ABC” correction. Says Bluntz, “DOGE/BTC looking sendy again, swept the A wave lows and looks like a clear ABC down move now done. I have been waiting for this one to cool off to start bull posting again and I think the time has come.” Source: Bluntz/X Looking at the trader’s chart he seems to predict that DOGE/BTC will soar to as high as 0.000008 BTC ($0.73). At time of writing, DOGE is trading at $0.365. Turning to Bitcoin itself, the analyst believes that BTC has started a ...

Top Analyst Says ‘God Candle’ Loading on Solana-Based Altcoin, Updates Outlook on Bitcoin and Dogecoin

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A widely followed analyst and trader is leaning bullish on a blockchain oracle built in the Solana (SOL) ecosystem while offering his outlook on Bitcoin (BTC) and Dogecoin (DOGE). Pseudonymous crypto trader Bluntz tells his 290,400 followers on the social media platform X that the native token of Solana-based blockchain oracle Pyth Network (PYTH) is primed for a strong bullish movement. “God candle loading on PYTH. Perfectly rounded bottom with three months of accumulation. Currently flirting with the final boss as far as accumulation resistance goes [just below the $0.50 price] and once cleared, clear skies ahead. Solana beta is about to start getting some love again in my opinion.” Source: Bluntz/X PYTH is trading at $0.399 at time of writing. Moving on to the flagship digital asset, Bluntz – who regularly utilizes Elliott Wave theory in his technical Analysis – says that Bitcoin “should pop higher” after undergoing a brief correction in a thre...

‘It’s Happening’: Top Analyst Predicts Incoming Parabolic Rally for Bitcoin – Here’s His Target

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An analyst with a history of timely Bitcoin calls believes that conditions are now ripe for BTC to witness huge upside bursts to new all-time highs. Pseudonymous analyst Bluntz tells his 289,300 followers on the social media platform X that BTC appears to be in the initial stages of a parabolic rally that could take Bitcoin well above $100,000. “It’s happening BTC.” Source: Bluntz/X Bluntz practices the Elliott Wave theory, which states that a bullish asset tends to go through a five-wave surge where waves one, three and five are upside moves and waves two and four are corrective periods. Looking at the trader’s chart, he seems to suggest that BTC is in the midst of a major wave three rally en route to $106,000 before a wave four pullback and an explosion to $122,000. At time of writing, BTC is worth $72,624, up over 3% in the past day. Turning to Dogecoin (DOGE), the crypto strategist is also in the early stages of a five-wave rally wi...

Top Analyst Says One Memecoin About To Go ‘Mental,’ Updates Forecast on SUI and POPCAT

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A crypto strategist who continues to build a following with timely altcoin calls believes that one memecoin is poised to witness a big burst to the upside. Pseudonymous analyst Bluntz tells his 289,900 followers on the social media platform X that he thinks the Solana (SOL)-based meme token dogwifhat (WIF) looks ready to ignite huge rallies. Bluntz says that dogwifhat is flashing multiple bullish signals against Solana (WIF/SOL), indicating that the memecoin is gearing up for a big reversal. “SOL is leading the market right now and WIF/SOL is bottoming out. A huge five down on the four-hour [chart] and diverging heavily. With SOL looking insanely bullish, I think WIF is about to go mental. My bags are packed.”  Source: Bluntz/X Bluntz practices the Elliott Wave theory, which states that an asset’s trend tends to end after a five-wave move. Based on the trader’s chart, he seems to suggest that WIF/SOL has completed a five-wave correctio...