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

A extensively adopted analyst and dealer optimistically leans on a blockchain oracle constructed within the Solana (SOL) ecosystem as he offers his views on Bitcoin (BTC) and Dogecoin (DOGE).

Pseudonymous crypto dealer Bluntz tells Its 290,400 followers on social media platform

“God candle is loading on PYTH.

Completely rounded backside with three months of accumulation.

At the moment I am flirting with the ultimate boss by way of accumulation resistance [just below the $0.50 price] and as soon as cleared, clear skies sooner or later.

For my part, Solana beta is about to get some love once more.

PYTH is buying and selling at $0.399 on the time of writing.

Persevering with with the flagship digital asset, Bluntz – who usually makes use of Elliott Wave idea in his technical evaluation – say that Bitcoin ought to “bounce larger” after present process a short correction in a three-wave sample.

Elliott Wave Idea states that the principle pattern of an asset’s value strikes in a five-wave sample, whereas a correction happens in a three-wave sample.

Based mostly on the analyst’s chart, it seems that Bluntz is suggesting that Bitcoin may attain a brand new all-time excessive of slightly below $80,000 within the first few days of November.

“I see quite a lot of experiences about worry of election volatility popping up and I do not suppose the worry is unfounded, however I do suppose election volatility will rear its ugly head from above.”

Bitcoin is buying and selling at $72,054 on the time of writing.

Concluding with the favored meme asset DOGE, the dealer say it is able to transfer larger after an accumulation interval of greater than two years.

“Many will succumb to promoting DOGE too early regardless of getting into at this low degree.

That is the results of 874 days of accumulation, repairing your mind, bullying into one thing.”

Dogecoin is buying and selling at $0.171 on the time of writing.

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