Topic: 2022 Elliott Wave (Read 2183 times)
New thread for 2023 here: https://bitcointalksearch.org/topic/2023-elliott-wave-5434401
In 3 weeks it looks like we'll have a new thread, "2023 Elliot Wave."
My bet is that in these last two weeks they will do (V), and there it will end MINOR C
Happy New Year to all!!
My bet is that in these last two weeks they will do (V), and there it will end MINOR C
Happy New Year to all!!
Lol! That's the thing about TA... it's................................
I have been keeping an eye on all of your charts since 2021.
I would request you to stop posting and leave as Elliot Wave is shit.
Stop wasting your time mate, cheers.
I would request you to stop posting and leave as Elliot Wave is shit.
Stop wasting your time mate, cheers.
I’m looking for equities to resume their uptrend starting next week. Let’s see how it plays out.
Yes, seasonality suggests a Santa rally soon, but DJIA30 index perhaps a little overbought at the moment.
I’m looking for equities to resume their uptrend starting next week. Let’s see how it plays out.
I honestly believe indicators are useless in crypto market. They could be a major tools in stock and forex market, but in crypto market public sentiment is more important than indicators like Elliott wave or any other. A rumor can create pump dump in the market, then what will be the use of indicators. Investors mostly doesn't check all these indicators. What they see is the news.
If it was useless then why we are seeing it anywhere? People should stop using it then if what you were saying is true. I think that stocks, forex and crypto do have a similarity, and that is why people in crypto are also using an indicators. If there are many factors which can affect the crypto market then I think it happens as well in stocks and forex markets. Rumors are only a rumor therefore many people won't believe on it so the price will hardly react with it.There might be a small movement and those were mostly came from newbies and weak hands who sell because of rumors and FUDs. Investors don't like to use indicators but traders do.
I would expect a pretty substantial bounce from here, something more than one's typical bear market rally or at least the start of such. There's a myriad of reasons - sentiment is far too negative, buy-back blackout period ending, Federal Reserve dovish hints, earnings will be better than expected, DXY rolling over, negative divergence on 2 year yields, seasonality, etc etc. I think we need S&P ~4000 before general risk appetite returns and results in a Bitcoin breakout.
The US mid-term elections are two weeks away and it does appear the global markets may have bottomed.
A move beyond the 04-OCT high of ~$20,500 in BTC/USD ought to begin momentum favouring the bulls.
Looking good!
I honestly believe indicators are useless in crypto market. They could be a major tools in stock and forex market, but in crypto market public sentiment is more important than indicators like Elliott wave or any other. A rumor can create pump dump in the market, then what will be the use of indicators. Investors mostly doesn't check all these indicators. What they see is the news.
Agree to disagree.
I would expect a pretty substantial bounce from here, something more than one's typical bear market rally or at least the start of such. There's a myriad of reasons - sentiment is far too negative, buy-back blackout period ending, Federal Reserve dovish hints, earnings will be better than expected, DXY rolling over, negative divergence on 2 year yields, seasonality, etc etc. I think we need S&P ~4000 before general risk appetite returns and results in a Bitcoin breakout.
The US mid-term elections are two weeks away and it does appear the global markets may have bottomed.
A move beyond the 04-OCT high of ~$20,500 in BTC/USD ought to begin momentum favouring the bulls.
I would expect a pretty substantial bounce from here, something more than one's typical bear market rally or at least the start of such. There's a myriad of reasons - sentiment is far too negative, buy-back blackout period ending, Federal Reserve dovish hints, earnings will be better than expected, DXY rolling over, negative divergence on 2 year yields, seasonality, etc etc. I think we need S&P ~4000 before general risk appetite returns and results in a Bitcoin breakout.
It appears the markets are heading towards new lows for the year, going into the November US election, and then perhaps begin bouncing from thereafter.
I would love to see elliot update for this
It appears the markets are heading towards new lows for the year, going into the November US election, and then perhaps begin bouncing from thereafter.
I would love to see elliot update for this
Snooze mode until October.
It appears the markets are heading towards new lows for the year, going into the November US election, and then perhaps begin bouncing from thereafter.
Snooze mode until October.
This is proper "breaking the 4-year cycle style analysis", but I like it, despite lack of interest in Elliot Waves. I already feel like the 4-year cycle is breaking from a few different perspectives based on price as well as fundamental analysis. I'm not convinced by some $200K price target for next year, but starting to realise how price could reach around $75K to $80K before correcting back down into the consolidation zone around $30K to $40K for another bull trap, rather than simply a somewhat predictable lower high around $50K sometime in the near future before likely dropping in half back to the 200 Week MA.
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