2019 Cryptocurrency (Elliott Wave): Christmas Update
Summary: Bitcoin remains in a bull market with an outlook to exceed the 2017 high. However, a price move below $5000 suggests Bitcoin is in a bear market, with price headed to break below the 2018 lows. The majority of Altcoins favour an...
2019 Cryptocurrency (Elliott Wave): Thanksgiving Update
From an Elliott Wave perspective, two scenarios are under consideration at this inflection point: a continuing Bull Scenario or a Bear Scenario.
In either scenario, the Elliott Wave model proposes a five wave structure, consisting of:...
2019 Cryptocurrency (Elliott Wave): Trick or Treat…?
The 2019 Bitcoin bull market parabolically surged 345% from the low of 15-DEC-2018 to the high of 26-JUN-2019. Since the 26-JUN-2019 high, the market was spooked with a 48% decline into the low of 23-OCT-2019.
From an Elliott Wave...
2019 Cryptocurrency (Elliott Wave): Inflection Point
From the 2018 bear market low set on 15-DEC-2018, the Bitcoin bull market has gained 340% into the high of 26-JUN-2019. Since then, the largest pullback of the 2019 bull market has been underway, thus far a 35% decline heading into...
2019 Cryptocurrency (Elliott Wave): Sell In May And Go Away?
Since the orthodox bear market low on 06-FEB-2019, the Bitcoin markets have surged to an average 125% gain in approx 100 days approaching mid-MAY. The 3-month rally has now retraced a Fibonacci 23.6% of the entire 2018 bear market....
2019 Cryptocurrency (Elliott Wave): Easter Update
Since the 15-DEC-2018 low, the Bitcoin markets have rebounded with a 75% gain into Easter 2019 —quite a resurrection from the 2018 bear market which saw an 85% decline in value. With price action unfolding in impulsive waves thus far, it is...
2018 Cryptocurrency Crash (Elliott Wave): #ShortSeptember
Speculative autumn roadmap: i.imgur.com
After declining 30% from the high of 24-JUL to the low 14-AUG, the Bitcoin market has now rallied approx 25% into the 31-AUG CME futures last trade date.
Typically, the rally ought retrace a Fibonacci 50% to 61.8% of the previous downtrend (i.e....
2018 Crypto Crash (Elliott Wave): 15-AUG-2018 CBOE XBT Futures
A number of viable routes to $4000 are currently possible, two such probable routes are speculatively explored here using approx BITSTAMP prices.
—The current sell-off wave starting from the 24-JUL high at $8497, finds support at $5920 (nearby psychological $6000) which is a Fibonacci 0.618% of...