Top Trader Says Large-Cap Altcoin on Cusp of a Violent Upside Move, Updates Outlook on Bitcoin and dogwifhat
A widely followed cryptocurrency trader thinks that one large-cap memecoin is gearing up for another round of upside bursts. Pseudonymous analyst Bluntz tells his 303,200 followers on the social media platform X that he sees Dogecoin (DOGE) outperforming Bitcoin (DOGE/BTC) as the pair approaches the resolution of a triangle pattern. A triangle structure is typically viewed as bullish if spotted while an asset is in an uptrend. Says Bluntz, “Sounding like a broken record at this point but I’m gonna say it again anyway, when DOGE breaks this three-week accumulation, it’s going to be a violent upside move.” Source: Bluntz/X At time of writing, DOGE/BTC is trading for 0.00000437 BTC worth $0.44. Looking at Bitcoin itself, Bluntz believes that BTC is ready to resume its rallies after completing an ABC correction on the four-hour chart. “Perfect liquidation candle on BTC, looks like a running flat ABC done, in my opinion. Leverage suc...