Topic: 2022 Elliott Wave - page 2. (Read 2292 times)
From my experience, I can say these indicators can not give an accurate signal for crypto markets. Those may work for forex or stock but for crypto most of them are inaccurate. Even the most popular indicator like SMA, and RSI signals won't work most of the time. In RSI indicators BTC market is in an oversold position for longer than expected and still, the price keeps falling.
bullshit, the indicators themselves have never worked, they are only used to confirm other global analyzes
https://12345abcdewxyz.files.wordpress.com/2022/07/20220702-btcusd_bear.png
https://12345abcdewxyz.files.wordpress.com/2022/07/20220702-btcusd_bull.png
What I think is that btc is forming megaphone pattern. So bottom this year 17k then ath end of 2022 at around 75k then real crash sub 10k. After that bull startshttps://12345abcdewxyz.files.wordpress.com/2022/07/20220702-btcusd_bull.png
https://ibb.co/mHTB40k
From my experience, I can say these indicators can not give an accurate signal for crypto markets. Those may work for forex or stock but for crypto most of them are inaccurate. Even the most popular indicator like SMA, and RSI signals won't work most of the time. In RSI indicators BTC market is in an oversold position for longer than expected and still, the price keeps falling.
what happened to this scenario? you commented that it would activate below 25k$
Would we be in CYCLE II?
Would we be in CYCLE II?
Yes, it is now possible that CYCLE II bear market is underway, and price is heading back to the DEC-2018 low (i.e. around 3K or lower). A decline below the JUN-2019 high (i.e. sub 14K) ought to provide confirmation.
what happened to this scenario? you commented that it would activate below 25k$
Would we be in CYCLE II?
The doomsday Elliott Wave count may begin to be considered if BTC declines below $25K and/or if GBTC declines below $17.40...
Would we be in CYCLE II?
The doomsday Elliott Wave count may begin to be considered if BTC declines below $25K and/or if GBTC declines below $17.40...
Bitcoin upcoming Fibonacci-derived support zones...
Isn't it easier that 3 ended on Nov/21 and what follows is a zig-zag ABC of correction?you mean your count,
in which it seems that there is only one possible option,
that of irregular correction from the maximum of 3.
Not only do I see a zig-zag since Nov/21,
but ETH made a failure of 5th on the same date,
and is doing the same zig-zag.
Of course, I warn that I am no specialist.
no one sees that the 3rd wave has ended, because they did not understand the essence of the waves
I don't know which third wave you mean, is it the impulse wave or the correction wave?
Bitcoin upcoming Fibonacci-derived support zones...
Isn't it easier that 3 ended on Nov/21 and what follows is a zig-zag ABC of correction?you mean your count,
in which it seems that there is only one possible option,
that of irregular correction from the maximum of 3.
Not only do I see a zig-zag since Nov/21,
but ETH made a failure of 5th on the same date,
and is doing the same zig-zag.
Of course, I warn that I am no specialist.
no one sees that the 3rd wave has ended, because they did not understand the essence of the waves
you mean your count,
in which it seems that there is only one possible option,
that of irregular correction from the maximum of 3.
Not only do I see a zig-zag since Nov/21,
but ETH made a failure of 5th on the same date,
and is doing the same zig-zag.
Of course, I warn that I am no specialist.
in which it seems that there is only one possible option,
that of irregular correction from the maximum of 3.
Not only do I see a zig-zag since Nov/21,
but ETH made a failure of 5th on the same date,
and is doing the same zig-zag.
Of course, I warn that I am no specialist.
Current EW interpretation of Ethereum —personally not a specialist either!
https://12345abcdewxyz.files.wordpress.com/2022/06/20220616_ethusd.png
Bitcoin upcoming Fibonacci-derived support zones...
Isn't it easier that 3 ended on Nov/21 and what follows is a zig-zag ABC of correction?you mean your count,
in which it seems that there is only one possible option,
that of irregular correction from the maximum of 3.
Not only do I see a zig-zag since Nov/21,
but ETH made a failure of 5th on the same date,
and is doing the same zig-zag.
Of course, I warn that I am no specialist.
Bitcoin upcoming Fibonacci-derived support zones...
Isn't it easier that 3 ended on Nov/21 and what follows is a zig-zag ABC of correction?Bitcoin upcoming Fibonacci-derived support zones...
Isn't it easier that 3 ended on Nov/21 and what follows is a zig-zag ABC of correction?
Bitcoin upcoming Fibonacci-derived support zones...
Simply in May-June a cycle appears (281 days), which can be maximum or minimum. But cycles change.
Sorry for the off topic.
Just a little update.
Finally it was Bottom, impossible to know if the next one, marked within a year, will be ATH or not.
the authors of these charts note waves and cycles, as if a person has the same length of arms and legs, think about it
just read it again
Very interesting outlook on gold. Curious if you have a corresponding fundamentals thesis or is this strictly based on wave counts? Thanks.
Gold is strongly influenced by monetary policy...
1970-1980: USA abandoned gold standard, 1970s Great Inflation driven by a large increase in money supply, the first real gold secular bull market of the 20th century, equities bear market.
1980-2000: Period of increasing interest rates, decrease in money supply, equities bull market, gold secular bear market.
2000-2022: Dotcom Crash, 9/11, Great Financial Crises, COVID-19. Period of decreasing interest rates and QE, increase in money supply, equities bear market, gold secular bull market.
2022-20XX: Period of increasing interest rates and QT, decrease in money supply, equities bull market, gold secular bear market.
Elliott Wave...
1980-2000: 'Zigzag' structure bear market
2011-20XX: 'Flat' structure bear market
Very interesting outlook on gold. Curious if you have a corresponding fundamentals thesis or is this strictly based on wave counts? Thanks.
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