Elliott Wave Analysis: Calling the low in place in Bitcoin

by elliottwave-forecast.com | February 13, 2018 11:38 am
Bitcoin ticker symbol: ( BTCUSD ) Short Term Elliott Wave view suggests that the decline from December 17.2017 peak to February 05.2018 low (5920.72) ended the Super Cycle wave “(b)” lower. Above from there, the rally is unfolding as a leading diagonal Elliott Wave structure. Where...

Bitcoin’s $10,000 “Line in the Sand”

by ForexCycle.com | February 1, 2018 2:20 am
By Elliott Wave International On January 23, Bitcoin fell below $10,000. That’s the second time in recent days that prices dipped below this psychologically important threshold. The headlines picked up on the drama: “Bitcoin tumbles below $10,000...

Bitcoin crashes below $10,000. What’s next? We have answers…

by ForexCycle.com | January 18, 2018 3:08 am
“Wild” doesn’t begin to describe Bitcoin’s price action. Less than 12 months ago, it traded as low as $1,200. By early December, it hit a high of $19,891 – and on the CBOE, Bitcoin futures topped $20,000....

Bitcoin: Technical and Psychological Perspective

by elliottwave-forecast.com | January 5, 2018 3:37 pm
Hello fellow traders, in this blog post, we will discuss the most hyped cryptocurrency Bitcoin in a technical as well as psychological perspective. From the zero line, we are calling bitcoin completed in the super cycle blue wave (a)...

“I Wouldn’t Touch Bitcoin, Risk of Collapse Too Big”

by ForexCycle.com | December 23, 2017 12:16 pm
By Elliott Wave International “Wild” doesn’t begin to describe Bitcoin’s price action. This spring, it traded as low as $1200. Last week, BTC futures topped $20,000. Yesterday (December 21), in an article by newsmax.com, Elliott Prechter warned...

Bitcoin drops almost 40 from Monday’s maximum

by FXStreet | December 22, 2017 3:15 pm
Bitcoin price is falling for the fourth consecutive day and accelerated the decline hours ago. Since the record highs reached on Monday, the price has lost about 40%. Today came to lose $3,000, then moderate the fall....

Bitcoin: Here’s Why the Push Above $20,000 Was in the Cards

by ForexCycle.com | December 21, 2017 10:19 am
By Elliott Wave International Now You Can Get Bitcoin Updates Daily and Even During the Day — and Get in Front of the Waves EWI’s FX analysts now provide cryptocurrency coverage. Now, investors who follow and trade...

Bitcoin Rebounded Strongly From 5427

by ForexCycle.com | November 15, 2017 8:40 am
BTCUSD rebounded strongly from the bottom support trend line of the price channel on the daily chart after a sharp drop from 7887, suggesting that the bitcoin price remains in the uptrend from 1812. As long as...

E-franc, E-krona…E-volution?

by ForexCycle.com | November 12, 2017 10:40 am
With all the speculation around the future of Bitcoin and other cryptocurrencies, we thought you’d find this interesting. Dam Square, Amsterdam 1636. Rue de Quincampoix, Paris 1719. ‘Change Alley, London 1720. Is Zug, Switzerland 2017 about to...

BTCUSD Remains In Uptrend From 5020

by ForexCycle.com | November 10, 2017 6:14 am
BTCUSD stays in a bullish price channel on its 4-hour chart and remains in the uptrend from 5020. As long as the price is in the channel, the pullback from 7887 could be treated as consolidation of...