A widely respected cryptocurrency strategist believes that a new altcoin that has posted astronomical profits in just a few months is poised to spark a new leap forward.
A trader known by the pseudonym Bluntz tells his 308,000 followers on social media platform In a three-wave pattern.
The analyst follows the Elliott Wave theory which states that an asset may witness a five-wave rally after completing its ABC retracement.
According to Bluntz, AI16Z is gearing up for the final leg of a larger five-wave surge on its way to a new all-time high above $3.
“We need to break another all-time high… ”
AI16Z is trading at $1.66 at the time of this writing, up approximately 16,190% from its November 3 low of $0.01019.
Next is Bitcoin (BTC). Bitcoin could plunge to immediate support levels and complete the ABC correction before rising to new all-time highs, according to analysts.
“It’s starting to look like a $90,000 sweep will happen with no relief in between, and the good news is that the top callers are back in full force now that we’re close to the bottom.
(A few days ago) they were nowhere to be seen.”
At the time of this writing, Bitcoin is trading at $94,900.
Next is aixbt, an AI-based market intelligence platform from Virtuals (AIXBT). Bluntz said AIXBT has enjoyed a “huge uptrend from the beginning” and is poised to rise higher to complete a five-wave pattern on a 12-hour basis that began in December.
AIXBT is trading at $0.564 at the time of this writing.
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