Bitcoin Jumps Sharply by 23%. Is the Bear Market Over?

by elliottwave-forecast.com | April 2, 2019 7:02 pm
Today the price of Bitcoin suddenly jumped a massive 23% within 2 hours to reach the highest level in 4 months. The crypto-currency has also added over $14 billion to its market value in the last 24...

Bitcoin: The nearest area of ​​support is 2930.52-2046.24

by Dmitriy Zeland | February 7, 2019 7:29 am
The capitalization of the Bitcoin cryptocurrency futures market of CME Group has decreased by 2%. The total capitalization of the derivatives markets at BTC/USD was $156 million. A slight decrease in investors’ blocked positions of less than...

Marginal Requirements Analysis For Bitcoin: January 15, 2019

by Dmitriy Zeland | January 15, 2019 10:02 am
    The nearest support area is 30% of sellers (2930.52-2046.24).     The closest long-term goal of improvement is the zone of 20% of sellers (5842.56-5263.20).     The next zone of resistance is the zone of 10% of sellers (8764.91-8754.59).     The...

Forex vs. Cryptocurrency: Clash of the Titans

by ForexCycle.com | January 11, 2019 1:26 pm
In the past, traders of the world were only able to deal in fiat currencies. These are currencies that are standardized and regulated by central banks. Fiat currencies have formed the basis of the Forex market. However,...

Elliott Wave View Suggests Bitcoin Selloff Not Over

by elliottwave-forecast.com | December 13, 2018 5:50 pm
Short Term Elliott Wave view suggests that the selloff in Bitcoin is not yet over. Rally to $4409.77 ended Intermediate wave (X). Down from there, the decline is unfolding as a double three Elliott Wave structure where...

What’s So “Cryptic” About Trading Cryptocurrencies?

by ForexCycle.com | August 30, 2018 4:23 am
By Elliott Wave International Here’s a cool parlor trick: If you want to bring a loud, rowdy room to a screeching silence, ask if anyone can explain how cryptocurrencies work. Cue crickets chirping. Turns out, the “crypto”...

Bitcoin Elliott Wave Analysis Looking for Short Term Recovery

by elliottwave-forecast.com | March 27, 2018 6:03 pm
Bitcoin Elliott Wave Analysis in the short term is showing an interesting corrective structure suggesting a recover to take place after it finishes the current move. The digital instrument is correcting the cycle from 03/18 low in 3...

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....