Elliott Wave On Bitcoin

Elliott Wave On Bitcoin. So hunting for an end and definitive pattern. Short term elliott wave view in bitcoin (btcusd) suggests the rally from january 24, 2022 low is in progress as a double three elliott wave structure.

Bitcoin Traders Prepare for Another Correction EWM Interactive from ewminteractive.com

And, on october 27, 2021, our trader's classroom presented a special video episode on bitcoin. Since the second wave, bitcoin has been closely adhering to the elliott wave principle, with wave 2 retracing by only 38.2% and wave three finishing nearly equal to wave 1. Bitcoin (btc) looking for further downside.

Source: ewminteractive.com

So hunting for an end and definitive pattern. I will provide more elliott wave count daily if you are interested follow us to receive updates.

Source: ewminteractive.com

The crypto currency declined again in wave 3 towards 28600 and bounce in wave 4. Hello everyone, here's the update for main scenario in h4 timeframe, you can see the details in the chart, if you have any idea or question about this scenario please share with us in comment.

Btcusd Is Correcting The Cycle From The 52185.7 Peak.

So, clearly, the prevailing sentiment toward bitcoin was highly bearish. Which means things are not super clear at the moment. In case you're unfamiliar with the elliott wave model, the basic pattern is five waves in the direction of the main trend followed by three corrective waves.

Down From May 20 High, Wave 1 Ended At 31107.46 And Rally In Wave 2 Ended At 41341.57.

By lara iriarte | apr 11, 2022 | bitcoin, cryptocurrencies, pew weekly. Bitcoin 4h elliott wave analysis. Wave 5 ended at around 70% of wave 3, cementing the rule of the third wave never being the shortest of the five.

And, On October 27, 2021, Our Trader's Classroom Presented A Special Video Episode On Bitcoin.

This is a strong bearish indicator. Our recently published may global market perspective once again provides an elliott wave perspective on bitcoin's price action. Btcusd h4 elliott wave analysis 02.07.2022.

We Publish This Trading Idea To Help Analysts, So If You Have An Idea.

I will provide more elliott wave count daily if you are interested follow us to receive updates. Remember, elliott waves are a direct reflection of the repetitive patterns of investor psychology and these patterns offer predictive value, as noted by frost & prechter's wall street classic, elliott wave principle: Up from january 24 low, wave w ended at 38946 and pullback in wave x ended at 35511.32.

Wave X Has A Zigzag Structure Subdivision As The 1 Hour Chart Below Shows.

Short term elliott wave suggests the decline from may 20, 2021 high is unfolding as a diagonal. Bitcoin elliott wave technical analysis and tradinglevels. According to the elliott wave theory, bitcoin is still working in a bullish channel.