By Elliott Wave International At 1:53 AM on January 10, Tesla founder and a frequent social media pot-stirrer, Elon Musk, tweeted, “Bitcoin is ‘NOT’ my safe word,” only to add a wink face emoji five minutes later....
Elliott Wave view on Bitcoin (BTCUSD) suggests the rally from December 18, 2019 low is unfolding as a 5 waves impulse Elliott Wave structure. In the 1 hour chart below, we can see wave ((iii)) of the impulse...
In this technical blog, we are going to take a look at the past performance of 1 hour Elliott Wave Charts of Bitcoin ticker symbol: $BTCUSD, which we presented to members at elliottwave-forecast.com. In which the rally from December...
By Elliott Wave International As the winter holidays draw near, many of us will fall victim to the affliction we call “S.N.O.M.O.” — the Sudden Need of More Objects (to own, play with… and eventually, store in...
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...
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...
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...
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,...
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...
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”...
