Bitcoin Price Prediction: What Elliott Wave Theory Suggests Is Next For BTC

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Tọzdee, Disemba 8, 2022 5:25 mgbede

Bitcoin Price Prediction: What Elliott Wave Theory Suggests Is Next For BTC

ọ bụla Bitcoin price prediction is just a guess without a basis to make the forecast. The ngwaahịa nnweta nke ahụ bụ otu oge ihe kacha ezo aka na atụmanya nke ọnụ ahịa dị elu dara ada, na-ahapụ nyocha teknụzụ, akara nrịbama, na ọnụ ọgụgụ dị ka ohere kachasị mma nke ịchọta ebumnuche ọnụahịa n'ọdịnihu.

Elliott Wave Theory is a technical analysis forecasting methodology discovered in the 1930s, which is based on identifying extremes in investor psychology combined with distinctive price behavior. With Bitcoin and other cryptocurrencies being so susceptible to the ebb and flow of investor sentiment, here is what Elliott Wave Theory suggests about what is to come for Bitcoin price.

Akụkọ ihe mere eme nke ọnụahịa BTC

The Bitcoin price index chart begins in late 2010, with the first-ever cryptocurrency trading at only pennies on the dollar. By the end of 2011, the price per BTC grew by more than 60,000%. Before the year came to a close, it has lost 94% of its value.

Site na obere ihe dị ka $2, mkpali ọzọ agbakwunyere 60,000% ROI ọzọ. site na 2013 kacha elu. Ma usoro mgbazi ọzọ siri ike sochiri, belata cryptocurrency site na 86%.

What followed was arguably the most talked about bull run since the dot com bubble, when in 2017 Bitcoin reached nearly $20,000 per coin. By now, we can see that extreme price swings and pivots in investors sentiment lead to boom and bust cycles across crypto. Bitcoin once again found a bottom at $3,000 in 2018, which will be the basis of the remainder of the analysis.

Okwu Mmalite nke Elliott Wave Theory

Nke mbụ Ralph Nelson Elliott chọtara ya na 1930s. Elliott Wave Theory bụ ihe ndabere maka ịkọwa otú ahịa si eto ka oge na-aga. Ebumnobi ebumnobi na EWT bụ ihe atụ nke ahịa na-aga n'ihu nzọụkwụ atọ n'ihu, yana nzọụkwụ abụọ azụ.

Usoro ndị a na-atụgharị azụ na azụ n'etiti uto na usoro mmezi. Ebili mmiri na-akpali akpali nwere ebili mmiri ise n'ozuzu ya - na ebili mmiri nwere ọnụ ọgụgụ na-adịghị ahụkebe na-aga n'ụzọ nke usoro isi, na ọbụna ọnụ ọgụgụ ebili mmiri na-aga megide ya.

Ọ bụ ezie na usoro mmezi na-ebute mbelata nke uru bara uru, mmụba ịrị elu na-anọgide na-adị mgbe niile n'ụzọ bụ isi ihe na-eme. Ebili mmiri, ma nke na-akpali akpali ma na-edozi ma na-apụta n'ogo na oge dị iche iche.

For example, a five-wave impulse on the daily timeframe could only be a tiny portion of a multi-century Grand Supercycle. Figuring out where Bitcoin is along in its various wave cycles and degrees can help to predict future price action.

Nyochaa okirikiri ahịa ahịa dị ugbu a, dịka EWT siri kwuo

Each wave in an impulse has unique characteristics which can help an analysis decipher where an asset is in an overall motive wave. Following the 2018 bear market bottom, crypto had a clean slate to move up from. In 2019, Bitcoin rallied to $13,800, showing the market there was still life in the speculative asset.

Ihe fọrọ nke nta ka ọ bụrụ nnọkọ ahụ niile eweghachitere, nke bụ njirimara a na-ahụkarị nke mgbazi ebili mmiri 2. Ndozi na-adịkarị n'etiti mmezi dị nkọ na nke dị larịị. Zigzag na-anọchi anya mmezi dị nkọ. Wave 2 mere ka zigzag na enweghị ịgọnarị na Machị 2020 Tọzdee ndakpọ bụ mgbazi dị nkọ.

Wave 3 in Elliott Wave is typically the longest and strongest wave, marked by much wider participation than wave 1. The crowd begins piling at this point. Bitcoin gained national media attention as it reached new all-times during this wave. From there, things get more confusing.

E kewara ndị na-eme Elliott Wave n'etiti ma ọ bụrụ na BTCUSD emechaala ebili mmiri 4 na ife 5 ugbua, ma ọ bụ ọ bụrụ na ife 4 ka na-aga n'ihu ma ife 5 ka na-abịa. N'iji ọnọdụ abụọ a, enwere ike ịtụle ụfọdụ ebumnuche.

Ihe nhụsianya na agba agba na ebumnuche

N'ọnọdụ bearish, a ifet gbajiri agbaji 5 kwụsịrị Bitcoin bull run and sent the crypto market into its first true bear phase, with wave 5 of V finished and done, ending the primary cycle (pictured above).

Completed bull markets often retrace back into wave 3/4 territory when the motive wave is completed. Bearish price targets put the negative Bitcoin price prediction from anywhere between $9,000 to as low as $2,000 in a complete collapse of the market. A larger catastrophe in the stock market and housing could ultimately do the trick by pulling whatever capital that’s left out of crypto.

The bullish scenario is much more positive, and better fits with what Elliott Wave Theory calls “the right look” and proper counting. In the bullish scenario, Bitcoin is in the final stages of an gbatịa ewepụghị mgbazi, na ozugbo mmetụta na price ókè na-okokụre, n'elu cryptocurrency ga-ngwa ngwa ka mwube ọzọ bullish price oké na mmetụta mgba ọkụ, ngwa ngwa karịa onye ọ bụla na-akwado maka.

Using EWT To Make A Bitcoin Amụma Ahịa

Anwansi dị n'azụ Elliott Wave Theory na ihe kpatara o ji emetụta uto na ahịa ego bụ n'ihi mmekọrịta ya na nọmba Fibonacci. Fibonacci ọnụọgụgụ dabere na usoro Fibonacci, nke metụtara oke ọla edo. Usoro Fibonacci na-agụ 0, 1, 1, 2, 3, 5, 8, 13, 21 na ndị ọzọ.

Na Elliott Wave Theory, enwere usoro mmezi 21 sitere na dị mfe ruo mgbagwoju anya. Ebili mmiri na-akpali akpali bụ ebili mmiri 5 elu, ebe ebili mmiri na-edozi ebili mmiri 3 gbadara, na-emepụta ngụkọta nke 8 mgbe agbakwunyere ha. Ebili mmiri dị n'okpuru ebili mmiri niile nwetara ebili mmiri 21, ebe usoro mmezi ruru ebili mmiri 13 gbadara. A na-etinye nọmba Fibonacci ọ bụla n'usoro n'usoro.

Mmezi na-akwụsị na Fibonacci retracement ọkwa, na mkpali rute Fibonacci extensions dị ka ọnụ ahịa lekwasịrị anya. Wave 5 na-adakarị ife 1 ma ọ bụ ife 3 n'ihe gbasara ịdị ukwuu. Ọ bụrụ na ebili mmiri 5 na-agbatị, ma ọ na-adịkarị na crypto, ihe mgbaru ọsọ nke 5 nwere ike ịda n'etiti 1.618 nke ife 3, ma ọ bụ 1.618 nke nchikota nke ife 1 na ife 3.

Bitcoin price reached the 3.618 extension from the bear market bottom, making it possible that the top cryptocurrency overshoots once again. On the lowest end, a 1.618 price target would put the peak of BTC for this cycle somewhere close to $96,000 per coin, while another 3.618 extension could take the top cryptocurrency all the way to $194,000 per BTC.

Nke a na-eme Bitcoin price prediction using EWT anywhere between $100K to $200K before the cycle is over. You can watch this Bitcoin price prediction unfold in real-time by bookmarking the idea on TradingView.

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Ememe Obi Ụtọ! pic.twitter.com/DCqrdtNfDp

— Tony "The Bull" Spilotro (@tonyspilotroBTC) December 8, 2022

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