Minn NewsBTC - 1 sena ilu - Ħin tal-Qari: 5 minuti
Bitcoin Price Prediction: What Elliott Wave Theory Suggests Is Next For BTC
Kull Bitcoin price prediction is just a guess without a basis to make the forecast. The mudell ta 'stock-to-flow dik darba kienet l-iktar raġuni ċċitata għall-aspettattivi ta 'prezzijiet ogħla naqset, u ħalliet analiżi teknika, sinjali fuq il-katina, u statistika bħala l-aħjar ċans li jinstabu miri tal-prezzijiet futuri.
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 prezz.
Storja Qasira Ta 'BTC Price Action
il 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.
Mill-baxx ta 'madwar $ 2, impuls ieħor bullish żied 60,000% ROI ieħor sal-quċċata tal-2013. Segwa fażi oħra korrettiva wieqaf, li tnaqqas il-munita kripto b'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.
The first wave ever and the history of Bitcoin price | Source: BTCUSD fuq TradingView.comIntroduzzjoni Għat-Teorija tal-Mewġ ta' Elliott
L-ewwel skoperta minn Ralph Nelson Elliott fis-snin tletin, Elliott Wave Theory hija bażi biex tispjega kif is-swieq jikbru maż-żmien. Il-mewġa tal-motiv fl-EWT hija eżempju ta 'swieq li jimxu tliet passi 'l quddiem, u żewġ passi lura.
Dawn il-passi jalternaw 'il quddiem u lura bejn fażijiet ta' tkabbir u korrettivi. Il-mewġ mottiv jikkonsistu f'ħames mewġ b'kollox - b'mewġ innumerat bil-fard li jimxi fid-direzzjoni tax-xejra primarja, u mewġ innumerat saħansitra jiċċaqlaq kontriha.
Għalkemm il-fażijiet korrettivi jirriżultaw fi tnaqqis drastiku fil-valur, it-tkabbir inkrementali dejjem jibqa’ fid-direzzjoni tat-tendenza primarja. Il-mewġ, kemm impulsiv kif ukoll korrettiv it-tnejn jidhru fi gradi u skali ta' żmien li jvarjaw.
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.
Bitcoin price prediction scenarios based on possible wave counts | Source: BTCUSD fuq TradingView.comReviżjoni taċ-Ċiklu Kurrenti tas-Suq, Skont EWT
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.
Kważi l-rally kollu retraċċat, li hija karatteristika komuni ta 'korrezzjoni tal-mewġ 2. Il-korrezzjonijiet għandhom it-tendenza li jalternaw bejn korrezzjonijiet qawwija u ta' stil ċatt. Korrezzjonijiet qawwija huma rappreżentati minn zig-zags. Wave 2 ġabet ruħha bħal żig-zag u ma jistax jiċħad li l-Marzu 2020 Il-Ħamis iswed kollass kien korrezzjoni qawwija.
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.
Il-prattikanti ta 'Elliott Wave huma maqsuma jekk il-BTCUSD lesta l-fażijiet tal-mewġ 4 u l-mewġ 5 tagħha diġà, jew jekk il-mewġ 4 għadu għaddej u l-mewġ 5 għad irid jiġi. Bl-użu ta' dawn iż-żewġ xenarji, jistgħu jiġu kkunsidrati xi miri.
Things could get extremely bearish for Bitcoin if the cycle has ended | Source: BTCUSD fuq TradingView.comIx-Xenarji U Miri Bearish U Bullish
Fix-xenarju bearish, a mewġ maqtugħ 5 spiċċa l- 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 korrezzjoni ċatta estiża, u ladarba s-sentiment u l-estremi tal-prezz ikunu lesti, il-munita kriptografika ta 'fuq tkun malajr biex tistabbilixxi estrem ieħor tal-prezz bullish u swiċċ tas-sentiment, ħafna aktar malajr milli xi ħadd huwa ppreparat għalih.
BTC jidher li jinsab fl-aħħar stadji ta 'korrezzjoni ta' mewġa ċatta estiża 4 | Sors: BTCUSD fuq TradingView.comUsing EWT To Make A Bitcoin Tbassir tal-Prezz
Il-maġija wara Elliott Wave Theory u għaliex tinfluwenza t-tkabbir fis-swieq finanzjarji hija dovuta għar-relazzjonijiet tagħha man-numri Fibonacci. Fibonacci numri huma bbażati fuq is-sekwenza Fibonacci, li hija relatata mal-proporzjon tad-deheb. Is-sekwenza Fibonacci taqra 0, 1, 1, 2, 3, 5, 8, 13, 21 u l-bqija.
Fl-Elliott Wave Theory, hemm 21 mudell korrettiv li jvarjaw minn sempliċi għal kumplessi. Mewġ tal-motiv huwa 5 mewġ 'il fuq, filwaqt li mewġ korrettiv huma 3 mewġ 'l isfel, u joħolqu total ta' 8 meta miżjuda. Mewġ ta 'impuls sħiħ realizzat bis-sub-mewġ kollu huwa 21 mewġ 'il fuq, filwaqt li l-fażijiet korrettivi huma sa 13-il mewġ 'l isfel. Kull numru ta 'Fibonacci mis-sekwenza huwa inkluż f'xi kapaċità.
Il-korrezzjonijiet jieqfu wkoll fil-livelli ta 'ritrazzjoni ta' Fibonacci, u l-impulsi jilħqu l-estensjonijiet ta 'Fibonacci bħala miri tal-prezz. Il-mewġ 5 huwa ġeneralment ugwali għal mewġ 1 jew mewġ 3 f'termini ta 'kobor. Jekk il-mewġa 5 tiġi estiża, u ħafna drabi tkun fil-kripto, il-mira tal-mewġa 5 tista 'taqa' x'imkien bejn 1.618 tal-mewġ 3, jew 1.618 tas-somma tal-mewġ 1 u l-mewġ 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.
Dan jagħmel il - 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.
Possibbli Bitcoin price prediction based on Fibonacci extensions | Source: BTCUSD fuq TradingView.comFadal biss ftit jiem biex tieħu vantaġġ minnhom @elliottwaveintl's “The 12 Days of Elliott”
Take a peek & sign-up here: https://t.co/IuPkJZ5IM7
Watch your inbox for a new resource each day. Everyone gets access to the free resources till Dec. 16.
Happy Holidays! pic.twitter.com/DCqrdtNfDp
— Tony "The Bull" Spilotro (@tonyspilotroBTC) Diċembru 8, 2022
Immaġni Dehra minn iStockPhoto, Charts minn TradingView.com
Sors oriġinali: NewsBTC