Analyst Issues Bitcoin and Ethereum Alerts, Warns of Another Plunge Despite Green Markets – Here Are His Targets - The Daily Hodl

Summary: A crypto trader, Bluntz, is skeptical of the recent crypto bounce and believes that Bitcoin and Ethereum still have more downside potential before reaching their bottoms, using the Elliott Wave theory to support his analysis.

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8/20/2023

Top Trader Issues Bitcoin Warning, Says BTC Is Just Too Weak After Fully Retracing BlackRock ETF News - The Daily Hodl

Bitcoin's recent correction and retracement of gains linked to BlackRock's BTC ETF application indicate weakness in the market, prompting one crypto trader to stay on the sidelines until Bitcoin either reclaims $30,000 or experiences a major collapse, while also noting that trader sentiment currently favors altcoins.

8/29/2023

Bitcoin Flashing Bullish Signal That Previously Preceded a 214% Rally, According to Macro Guru Raoul Pal - The Daily Hodl

Former Goldman Sachs executive Raoul Pal believes that Bitcoin may be on the verge of a massive rally, based on the historical volatility of the cryptocurrency dropping below 20, a level that has preceded significant price increases in the past. Pal also notes that Bitcoin's Bollinger Bands, a volatility indicator, are the tightest they have ever been, further indicating the potential for a strong upward movement. Ethereum is also highlighted as trading within a bullish pattern despite recent market corrections.

9/2/2023

These 4 Crypto Traders Were Profitable Trading Bitcoin in August

Bitcoin experienced a decrease in August, with traders successfully predicting a bearish trend using Elliott Wave theory and range movement analysis, resulting in profitable trades; however, further price movements are still uncertain and may be influenced by the decision on the upcoming Bitcoin ETF.

9/12/2023

Ethereum Analyst Bluntz Predicts ETH Will Drop to $1,440 Before Rebounding to $2,500

Analyst Bluntz predicts that Ethereum (ETH) will continue its bearish price action and potentially drop to $1,440 before rallying, while other trader Benjamin Cowen believes the digital asset could experience a massive freefall, potentially reaching lows below $800.

9/21/2023

Ether Price Slumps to 14-Month Low Versus Bitcoin Despite Ethereum Upgrades, But External Events Like SEC Case Outcome Could Reverse Downward Trend

Ether (ETH) has experienced a modest increase in price in 2023, but it is still trading significantly below its peak in November 2021, raising questions among investors about the reasons behind the decline and potential catalysts for a reversal. The ongoing legal battle between Ripple and the SEC, as well as regulatory uncertainties surrounding the Ethereum ICO, remain sources of concern. However, positive surprises such as the request for a spot Ether ETF and Ethereum's position to benefit from Bitcoin-related catalysts give hope to investors.

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Posted 8/31/2023, 7:04:12 AM