Dear investors...
The temperatures are falling and one of the hottest summers in the past years is coming to an end.
We are entering the fall holidays in my country and i encourage everyone to take some time off the market - spend time with your loved ones instead.
We have to be honest here, the past weeks were very challenging for our analysis and bitcoin traded sideways for a long time.
I spent the past days with my team to discuss our count for bitcoin and I am thrilled to publish our newest chart.
We think that bitcoin didn’t establish a bottom in the past weeks – more than enough indicators are pointing towards a wave (4).
September or as some people like to call it “Septembear” is over, many investors expect that the market will now perform an relieving end of year rallye.
But based on the price movements in the last days we are expecting another big leg down. The chart didn’t establish a solid wave (5) and we think that this last wave will be the last capitulation in this crypto bearmarket.
Everyone who followed our last update knows about our optimistic stance in crypto. Bitcoin can reach prices above 100’000 in the next years and the much more bullish Ethereum may rally towards 9’000$ or even 10’000$.
NOTE: If bitcoin should perform a miracle and surge above 22794$ and 25205$, we could be wrong with our bearish chart. However we think that this bullish scenario has a very little chance of happening, we will publish regular updates on this alternative. Stay tuned!
Greetings from Switzerland – enjoy your holidays
(Copyright: From Unsplash Henrique Ferreira - @rickpsd)
The temperatures are falling and one of the hottest summers in the past years is coming to an end.
We are entering the fall holidays in my country and i encourage everyone to take some time off the market - spend time with your loved ones instead.
We have to be honest here, the past weeks were very challenging for our analysis and bitcoin traded sideways for a long time.
I spent the past days with my team to discuss our count for bitcoin and I am thrilled to publish our newest chart.
We think that bitcoin didn’t establish a bottom in the past weeks – more than enough indicators are pointing towards a wave (4).
September or as some people like to call it “Septembear” is over, many investors expect that the market will now perform an relieving end of year rallye.
But based on the price movements in the last days we are expecting another big leg down. The chart didn’t establish a solid wave (5) and we think that this last wave will be the last capitulation in this crypto bearmarket.
Everyone who followed our last update knows about our optimistic stance in crypto. Bitcoin can reach prices above 100’000 in the next years and the much more bullish Ethereum may rally towards 9’000$ or even 10’000$.
NOTE: If bitcoin should perform a miracle and surge above 22794$ and 25205$, we could be wrong with our bearish chart. However we think that this bullish scenario has a very little chance of happening, we will publish regular updates on this alternative. Stay tuned!
Greetings from Switzerland – enjoy your holidays
Comment:
This is the newest article covering Bitcoin (BITFINEX!)
Comment:
Things got a little heated in the last days - for those investors who expect a bullish reversal the following price level is of great importance!
Bitcoin formed two bearish 1-2 setups of which the last one hit the 0.618 exactly...
IF bitcoin should break above the last high @22'800$ we can expect an early return of bullish momentum - HOWEVER if we stay below this line one last capitulation towards 11K is still possible.
Bitcoin formed two bearish 1-2 setups of which the last one hit the 0.618 exactly...
IF bitcoin should break above the last high @22'800$ we can expect an early return of bullish momentum - HOWEVER if we stay below this line one last capitulation towards 11K is still possible.
Comment:
In the past weeks me and my team repeated our warning about another bitcoin capitulation over and over again...
We sincerely hope that everyone could protect themself as much as possible from this crash.
Sadly we have to deliver bad news again....
We pay great attention to TOTAL (Total marketcap of the whole cryptomarket) because a big leading triangle formed over the last days and it's safe to say that triangle's are almost everytime trend continuation patterns!
We sincerely hope that everyone could protect themself as much as possible from this crash.
Sadly we have to deliver bad news again....
We pay great attention to TOTAL (Total marketcap of the whole cryptomarket) because a big leading triangle formed over the last days and it's safe to say that triangle's are almost everytime trend continuation patterns!
If you should have any questions regarding our analysis or elliot wave counts feel free to contact us.
