I have seen a lot of analyses and haven't found these two. The most evident from my POV for experienced Elliott Wave Analyst. So article will be bigger than always.
As I know a lot of new and young investors, traders are looking the crypto signals hoping to earn fast easy money. It will be never. Because it's the Market. Market nature, the majority (90%) of traders will lose money here. The majority of traders now are waiting the rally, I believe YOU too. It means the majority will lose money, it's easy. Bitcoin will go down to take away ALL YOUR MONEY.
So the formula is easy: 1) The majority of traders lose money in Trading Field. (Forex, Stock and Crypto, any) 2) The majority of Crypto traders are now long term investors because they have bought Bitcoin much above $10 000. 3) It's clear - Bitcoin will go down to say big THANK YOU for investors and throw them overboard. Elliott Wave Principle allows you to be prepared to big moves and save your capital and nerves.
I have done two possible scenarios and both predict the huge move down. Before the next rally, bitcoin will touch the zone of $4000. 1) The first scenario is (W)-(X)-(Y) corrective structure. Wave (W) is ABC pattern is already finished. Wave (X) could be ABCDE triangle. 2) The second scenario is (W)-(X)-(Y) corrective structure. Wave (W) is ABC pattern is already finished. Wave (X) could be ABC flat or ZigZag.
If you like my analysis, I really appreciate your likes and comments with your thoughts and questions. Also I have plan to launch everyday service with Crypto Elliott Wave Analysis in future. Please inform me in PM if you are interested in such kind of analysis. Thanks for your time and good luck!
Trade active
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The first target is almost reached, and it's too early for buys :) As I mentioned before, the majority investors will lose deposits, because it is a market!
Nice charts mate, I have the exact same counts. Good luck trading.
Elliott_Wave_Count
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@tuamen, very nice charts, yes, we have the same scenarios. Thanks for your inputs. Will look your page for new EW analyses
Acel
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We have seen it dont worry.
But we dont post it because: 1) You cant predict a triangle, especially that big and 2) it could go all the way up to 15k+ for that X and we dont wanna hear the shit-talk from the permabulls
Elliott_Wave_Count
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@Acel, thanks for your input! I agree with your arguments. You told "we" - whom do you mean?
Acel
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@Guerrera, i meant more experienced Elliotticians.
You cant call a D and a E wave of that degree. D usually looks impulsive with increased volume and E can be practically every corrective wave, even a triangle, and overshoot or fall short.
I agree man , and this scenario looks promising , currently going very well.. same target with him though (doesnt look like a triangle currently upcoming but can be)