A widely followed analyst and trader who accurately predicted the Bitcoin (BTC) bottom in 2018 is highlighting one crypto asset that could go up by triple-digit percentage points.

The trader pseudonymously known as Bluntz tells his 321,100 followers on the social media platform X that dogwifhat (WIF), a memecoin built in the Solana (SOL) ecosystem, could go up by about 472% to reclaim and surpass the all-time high recorded in March of 2024.

“Still a lot of work to put in and need to see price action confirm, but I think there’s a very real chance a new impulse back to all-time high on WIF has commenced.”

According to the analyst who regularly applies the Elliott Wave theory in his technical analysis, WIF started a bullish uptrend earlier this month in a five-wave pattern. The Elliott Wave theory states that the main trend of the price of an asset moves in a five-wave pattern while a correction occurs in a three-wave pattern. Based on Bluntz’s chart on the three-day time frame, WIF bottomed out earlier this year.

Over the short term, the pseudonymous analyst says WIF could undergo a correction before rallying. Based on the widely followed analyst’s chart of the one-hour time frame, WIF could pull back by around 10% from the current level.

“Very obvious five-wave rise from the lows on hourly for WIF, would expect a bit of a pullback here before the next major leg up.”

WIF is trading at $0.845 at time of writing.

Follow us on X, Facebook and Telegram

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

A trader and analyst who accurately predicted the crypto bottom in November of 2022 is leaning bullish on Bitcoin (BTC) but with a caveat.

In a new video, the trader pseudonymously known as DonAlt tells 65,900 subscribers of the TechnicalRoundup YouTube channel that he has not changed his bullish bias on Bitcoin and is still “expecting higher” prices for the flagship crypto asset.

“Trend still strong though…

[On the weekly time frame] last week, [Bitcoin] wiped below the range and then closed all the way back in it. This is bullish – like that’s a really good close.

And then we had this week, we had another wipeout. And so far, that’s kind of been reclaimed as well. So, if this weekly close is above $90,000, I’m going to assume the range is still intact. And given we tested the bottom of the range, wiped out everyone below it, that would be like a bullish setup.”

According to DonAlt, Bitcoin will go much higher if it rallies above the range high of $104,000.

The pseudonymous analyst, however, says that Bitcoin appears bearish on the daily and monthly time frame.

“Monthly [chart] is not that great…

And daily [chart] is really, really interesting here because technically speaking, there’s an excellent short setup here. So basically, you would take a short here [around $90,000], your stops up here [around $95,000]. And then you target like new lows. Like either this [around $78,000] or even like all the way back to $70,000. Like that’s a really good short setup.”

Bitcoin is trading at $87,508 at time of writing.

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on X, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney