The crypto-strategist who correctly predicted the bottom of Bitcoin (BTC2018 bear market: He’s bullish about a pair of memecoins, including DogecoinDOGE).
Pseudonymous Bluntz informs his 244,200 social media followers on platform X, that dogwifhat is (WIFEven after a correction of the entire market, ) is still showing signs of strength.
“The WIF turbo V reversal here is pretty amazing. The next leg up is gonna be a monster.”
Bluntz follows the Elliott Wave theory which is a method of predicting future price movements by studying crowd psychology, which tends manifest in waves. According to the theory a bullish asset will tend to see a five wave rally after completing a ABC corrective move.
The analyst also shared a chart which suggested that WIF might soar up to $3.50, before its five-wave rise is complete.
“This looks like the first macrowave that WIF four has ever had, and there are many more legs yet to come.
Don’t waste your time. Dips such as these are a gift.
WIF’s value is $1.62 at the time of this writing. This represents an increase of over 6% within the last day.
Bluntz predicts that DOGE’s five-wave rally will end when it reaches $0.18.
“Yes, Doge is the memecoin equivalent of BTC but it’s not fair to let WIF have the whole fun.
“Next leg soon”
DOGE currently trades at $0.153.
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Source: dailyhodl.com