Menu
Brokers
MT4 Forex Brokers
MT5 Forex brokers
PayPal Brokers
Skrill Brokers
Oil Trading Brokers
Gold Trading Brokers
Web Browser Platform
Brokers with CFD Trading
ECN Brokers
Bitcoin FX Brokers
PAMM Forex Brokers
With Cent Accounts
With High Leverage
Cryptocurrency Brokers
Forums
All threads
New threads
New posts
Trending
Search forums
What's new
New threads
New posts
Latest activity
Log in
Register
Search
Search titles only
By:
Search titles only
By:
Menu
Install the app
Install
Reply to thread
Forums
Forex Discussions
Technical Analysis
Elliott Wave Analysis by EWF
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Message
[QUOTE="Elliottwave-Forecast, post: 199843, member: 40858"] Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of Bitcoin ($BTCUSD ) published in members area of the Elliottwave-Forecast . As our members know, we have had a lot of good buying opportunities BTCUSD while it was trading within the cycle from the 2018 low ( 3127.5). Recently Bitcoin has given us correction of the cycle from the 28707.5 low. We were calling the decline in the Cryptocurrency. In further text we’re going to explain the forecast and Elliott Wave Pattern and Forecast. [HEADING=3]Bitcoin ( $BTCUSD ) 4 Hour Elliott Wave Analysis 9[B].15.2021[/B][/HEADING] As we can see on the chart below , Bitcoin ended 5 waves up in the cycle from the 28707.5 low. BTUCSD giving us now correction against that low. Current pull back looks incomplete at the moment and we believe cryptocurrency should give us another leg down- (Y) blue as soon as (X) blue connector completes. [I]Reminder:[/I] [I]You can learn more about Elliott Wave Patterns at our [B]Free Elliott Wave Educational Web Page[/B].[/I] [URL='https://elliottwave-forecast.com/wp-content/uploads/2021/09/BTCUSD_2021-09-15_18-27-05.jpg'][IMG alt="Bitcoin"]https://elliottwave-forecast.com/wp-content/uploads/2021/09/BTCUSD_2021-09-15_18-27-05.jpg[/IMG][/URL] [HEADING=3]Bitcoin ( $BTCUSD ) 1 Hour Elliott Wave Analysis 9[B].15.2021[/B][/HEADING] Cryptocurrency is giving us short term recovery against the 52963.5 peak. (X) connector still looks incomplete. We expect to see more short term strength within cycle from the September 13th low. We expect the price to reach approximately 48094-49188 before turn lower takes place. Although decline was expected, overall view is bullish in BTCUSD, consequently we recommended members to avoid selling it and rather wait for extremes to be reached before buying it again. [URL='https://elliottwave-forecast.com/wp-content/uploads/2021/09/BTCUSD_2021-09-15_19-51-34.jpg'][IMG alt="bitcoin"]https://elliottwave-forecast.com/wp-content/uploads/2021/09/BTCUSD_2021-09-15_19-51-34.jpg[/IMG][/URL] [HEADING=3]Bitcoin ( $BTCUSD ) 1 Hour Elliott Wave Analysis 9[B].15.2021[/B][/HEADING] We got more upside within the cycle from the Sep 13.low which eventually completed as 5 waves rally as we expected. Now we are calling (X) blue connector completed at the 48846 high. We would like to see further separation lower against that level. The price should make break below (W) blue low -42903 to confirm (Y) leg is in progress. We would like to be buyers again once the price reaches the extreme zone from the 52891.19 peak. [URL='https://elliottwave-forecast.com/wp-content/uploads/2021/09/BTCUSD-19-September-1-hour-Weekend.jpg'][IMG alt="bitcoin"]https://elliottwave-forecast.com/wp-content/uploads/2021/09/BTCUSD-19-September-1-hour-Weekend.jpg[/IMG][/URL] [HEADING=3]Bitcoin ( $BTCUSD ) 1 Hour Elliott Wave Analysis 9[B].15.2021[/B][/HEADING] The price held below 48846 high and made further separation down as we expected. Eventually the price broke the 42903 low and confirmed next leg down is in progress. Crypto is now bearish against the 48864 in near term. We would like to see at least another push down to complete cycle from the peak. Keep in mind that market is dynamic and presented view could have changed in the mean time. You can check most recent charts in the membership area of the site. Best instruments to trade are those having incomplete bullish or bearish swings sequences. We put them in Sequence Report and best among them are shown in the [B]Live Trading Room[/B]. [URL='https://elliottwave-forecast.com/wp-content/uploads/2021/09/BTCUSD_2021-09-20_14-00-26.jpg'][IMG alt="bitcoin"]https://elliottwave-forecast.com/wp-content/uploads/2021/09/BTCUSD_2021-09-20_14-00-26.jpg[/IMG][/URL] [B]Elliott Wave Forecast[/B] Source: [URL]https://elliottwave-forecast.com/elliottwave/bitcoin-btcusd-calling-decline/[/URL] [/QUOTE]
Insert quotes…
Verification
Post reply
Top
Bottom
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…