A widely followed analyst and trader relies on a blockchain oracle built in Solana (GROUND) while offering his views on Bitcoin (BTC) and Dogecoin (DOGE).
Pseudonymous Crypto Trader Bluntz tell its 290,400 followers on social media platformPYTH) is ready for a strong bullish move.
“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 – said that Bitcoin “is expected 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 a higher place.”
Bitcoin is trading at $72,054 at the time of writing.
Conclude with popular meme asset DOGE, trader said he is ready to go higher after benefiting from 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.
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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.
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