A crypto strategist that nailed the Bitcoin top in January warns that the BTC recovery rally can see an abrupt end.
Pseudonymous analyst Bluntz tells his 318,200 followers on the social media platform X that Bitcoin seems to form a bearish divergence on the daily map.
The Bearish Turning Signal suggests that Bullish Momentum is decreasing, although the price of an active or sideways moves.
Out Bluntz,
“There is a daily BTC -Beer Div that brews here when the red closes through [today].
It is a pity that it has appeared for new highlights, but it is the first since last year.
Be careful with lungs in my opinion. ‘
At the time of writing, Bitcoin acts for $ 105,546.
Turn to gold, the analyst believe That the precious metal is ready to ignite a rally to a new of all time after completing an ABC-correcting wave.
Bluntz practices the Elliott golf theory, which states that a bullish property will continue its upward trend after an ABC correction.
The trader shares a graph that suggests that Gold will gather to a new record high of $ 3,600.
“Gold collect steam for the next leg here.”
At the time of writing, gold is worth $ 3,221.
As for the Memecoin Floki (Floki), Bluntz to predict That the Altcoin would fall to around $ 0.00008 before he exploded to $ 0.00018.
“It seems that Floki is one of the few memes with a clear boot five-wave rise in the lows on the daily, indicating that the low inside is.
Would be very interested in offering pullbacks around 50 FIB as given.
I have always had a weakness for this. ‘
At the time of writing, Floki is worth $ 0.000098.
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Generated image: midjourney