Per Quotidie Hodl - 5 months ago - Reading Time: 2 minutes
Top Mercator Qui Cruci 2018 Bitcoin Solum dicit unus catalyst mitte Ethereum-Substructio AltCoin restituenda 'Puer'
A Crypto mercator late secutus, qui accurate praedixerat fundo for Bitcoin (BTC) in 2018 believes that one altcoin is on the verge of a massive move to the upside.
Pseudonymous analysta Bluntz narrat his 228,700 followers on the social media platform X that liquid-staking service provider Lido DAO (LDO) is ready to soar after a retest.
“Perfect retest on LDO and nice three-wave move from the highs. This one is gonna send so hard when BTC catches a bid again.”
Source: Bluntz/XBluntz theoria Elliott Wave utitur in sua analysi technica. Elliott Wave theoria principale inclinatio pretii res movet in quinque-fluctu exemplaris, dum correctio fit in tres-fluctus exemplaris.
The trader turned BOVARIUS on LDO earlier this month.
Lido is trading for $2.44 at time of writing, up 2.5% in the last 24 hours.
Venator quoque dicit that he is optimistic about the broader crypto market after a decline in the US dollar index (DXY), which keeps track of the USD’s value compared to a basket of foreign currencies. A weaker dollar often suggests strength in risk assets like Bitcoin.
“DXY got slaughtered today. Would say I’m surprised, but I’m not really. [DXY is] going much lower. Don’t underestimate how GOOD this is for crypto.”
Source: Bluntz/XPrius hoc mense mercator dixit: the DXY appeared to have reached a market top and predicted the DXY would decline to 98 by May 2024, giving a boost to risk assets like Bitcoin. The DXY is at 104.38 at time of writing.
“DXY showing signs of distribution here while equities look like they may have finally found a bottom and crypto is almost certainly risk on again. If DXY has topped like I suspect and starts trading back under the range and below 105, the next six months will be great for risk assets.”
Source: Bluntz/X Non requiro a Beat - Subscribe ut email summis delivered directe ad inboxreprehendo Price Action
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