A widely followed analyst and trader draws on a blockchain oracle built in the Solana (SOL) ecosystem while offering his perspectives on Bitcoin (BTC) and Dogecoin (DOGE).
Pseudonymous crypto trader Bluntz tells his 290,400 followers on social media platform
“God candle charging on PYTH.
Perfectly rounded bottom with three months of accumulation.
Currently flirting with the final boss regarding buildup resistance (just below the $0.50 price) and once clear, the sky is clear.
In my opinion, the Solana beta is about to start getting some love again.
PYTH is trading at $0.399 at the time of writing.
Moving on to the flagship digital asset, Bluntz – who regularly uses Elliott Wave Theory in his technical analysis – says Bitcoin “is likely to rise” after undergoing a brief correction in a three-wave pattern.
Elliott wave theory states that the main trend in an asset’s price moves in a five-wave pattern while a correction occurs in a three-wave pattern.
Based on the analyst’s chart, it appears that Bluntz is suggesting that Bitcoin could reach a new all-time high price of just under $80,000 during the first few days of November.
“I’m seeing a lot of fear messaging about electoral volatility and I don’t think that fear is unfounded, but I think electoral volatility is going to come from above.”
Bitcoin is trading at $72,054 at the time of writing.
Concluding with the popular meme asset DOGE, the trader claims that he is ready to go higher after enjoying an accumulation period of more than two years.
“Many will succumb to selling DOGE too soon, despite these low levels.
This is the result of 874 days of accumulation, recondition your brain, believe in something.
Dogecoin is trading at $0.171 at the time of writing.
Don’t miss a thing – Subscribe to receive email alerts straight to your inbox
Check Price Action
Follow us on XFacebook and Telegram
Surf the daily Hodl mix
& nbsp
Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should conduct due diligence before making 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. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Image generated: halfway
