In my analysis, XLM finished impulse wave 1, now in wave 2, due by year-end. Wave 3, likely explosive, hinges on Bitcoin's moves. Watch Ripple news and Bitcoin halving closely. Take it with a grain of salt and sugar.
Bitcoin surged above $28,000 but corrected to $27,278 (50% Fibonacci level). Breaking above $28,000 could lead to gains towards $28,500 and possibly $29,200. As winter approaches, so do the bears, making it a crucial time for those considering a long position.
"Bitcoin recently surged above $28,000, but corrected to around $27,278 (50% Fibonacci level). It's currently supported by the 100-hourly SMA at $27,400 and a bullish trend line. Immediate resistance is at $27,850, followed by a significant level near $28,000. A breakthrough above $28,000 could spur further gains towards $28,500 and potentially $29,200."
Q4 2023 has begun on a promising note with the advent of "Uptober." Bitcoin (BTC) has surged by over 4.89% in recent hours, breaking past the critical $28,000 level. The next substantial hurdle lies at $29,000. However, some caution against chasing this green candle formation too eagerly, advising a measured approach due to cryptocurrency's inherent volatility.
Exploring past cycles is vital in crypto trading. Elliott Waves can help. But remember, crypto markets are driven by human emotions, making them unpredictable. Elliott Waves are a guide, but it's human behavior that keeps crypto unique.
The current Elliott Wave pattern manifesting in the cryptocurrency market showcases remarkable symmetry, suggesting a unique alignment with historical patterns. However, it's vital to exercise caution in interpreting these signals, as the world of cryptocurrency remains renowned for its inherent eccentricities and unpredictability.
As things stand, Bitcoin (BTC)...
As observed in the weekly chart, Bitcoin appears to exhibit cyclical patterns, with each cycle lasting approximately one year. In 2020, we witnessed a year-long bullish phase, followed by a 3-month bearish period, succeeded by another 5-month bullish run. Subsequently, a new bearish cycle began, lasting for approximately one year. Currently, we are entering the...
Yes, when the Exponential Moving Average (EMA) with a shorter period (such as EMA 10) crosses down below the EMA with a longer period (such as EMA 50) on a 4-hour chart, this is often referred to as a "death cross." It is a bearish technical signal that suggests a potential shift in the trend to the downside, indicating the possibility of a bearish or downward...
Bitcoin has wrapped up its initial five-wave Elliott Wave cycle. We're now in the early stages of Wave B, targeting a notable resistance at $29,066. This suggests a potential continuation of the ongoing trend. It's important to note that the impending Wave B is expected to culminate with Wave C, targeting a significant support level at $22,049, signifying the...
