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

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Labone, Tšitoe 8, 2022 5:25 PM

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

leha e le efe Bitcoin price prediction is just a guess without a basis to make the forecast. The mohlala oa stock-to-flow leo e kileng ea e-ba lebaka le boletsoeng ka ho fetisisa la litebello tsa theko e phahameng e hlōlehile, e siea tlhahlobo ea tekheniki, lipontšo tsa ketane, le lipalo-palo e le monyetla o motle oa ho fumana lipakane tsa theko e tlang.

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 theko.

Histori e Khutšoanyane ea BTC Price Action

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.

Ho tloha tlase ho hoo e ka bang $ 2, tšusumetso e 'ngoe ea matla e ekelitse ROI e' ngoe hape 60,000%. ka tlhōrō ea 2013. Leha ho le joalo ho ile ha latela mohato o mong oa tokiso e matla, oa fokotsa chelete ea crypto ka 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.

Kenyelletso ea Elliott Wave Theory

Lekhetlo la pele le fumanoe ke Ralph Nelson Elliott lilemong tsa bo-1930, Khopolo ea Elliott Wave ke motheo oa ho hlalosa hore na limmaraka li hola joang ha nako e ntse e ea. Leqhubu la sepheo ho EWT ke mohlala oa limmaraka tse tsamaeang mehato e meraro pele, le tse peli morao.

Mehato ena e fapanyetsana ho ea pele le ho ea pele lipakeng tsa kholo le mekhahlelo ea ho lokisa. Maqhubu a susumetsang a na le maqhubu a mahlano ka kakaretso - a nang le maqhubu a sa tloaelehang a nang le linomoro a tsamaeang ho ea ho mokhoa oa mantlha, esita le maqhubu a nang le linomoro a tsamaeang khahlanong le oona.

Le hoja mekhahlelo ea tokiso e fella ka ho theoha ho hoholo ha boleng, kholo e ntseng e eketseha e lula e le mothating oa pele. Maqhubu, a tsohellang le a lokisang ka bobeli a hlaha ka likhato le linako tse fapaneng.

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.

Ho lekola potoloho ea 'maraka ea hajoale, ho latela 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.

Hoo e ka bang kopano eohle e ile ea khutla, e leng tšobotsi e tloaelehileng ea tokiso ea wave 2. Litokiso li atisa ho fapanyetsana pakeng tsa litokiso tse bohale le tse bataletseng. Litokiso tse hlabang li emeloa ke zigzags. Wave 2 e itšoere joalo ka zig-zag mme ha ho na ho latola hore Hlakubele 2020 Labone le letšo ho putlama e ne e le khalemelo e matla.

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.

Litsebi tsa Elliott Wave li arotsoe har'a haeba BTCUSD e qetile maqhubu a eona a 4 le maqhubu a 5 a se a ntse a le teng, kapa haeba wave 4 e ntse e tsoela pele le wave 5 e sa ntse e tla. Ka ho sebelisa maemo ana a mabeli, ho ka nahanoa lipakane tse ling.

The Bearish And Bullish Scenarios Le Lipheo

Boemong ba bearish, a leqhubu le khutsufalitsoeng 5 e felile ka 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 atolosoa ho lokisa sephara, 'me hang ha maikutlo le litheko tse feteletseng li felile, chelete e holimo ea crypto e tla potlaka ho beha theko e' ngoe ea bullish e feteletseng le maikutlo a switjha, kapele haholo ho feta mang kapa mang ea lokiselitsoeng.

Using EWT To Make A Bitcoin Ponelopele ea Theko

Boselamose ka mor'a Elliott Wave Theory le hore na ke hobane'ng ha e susumetsa kholo ea 'maraka oa lichelete ke ka lebaka la likamano tsa eona le linomoro tsa Fibonacci. Fibonacci lipalo li ipapisitse le tatellano ea Fibonacci, e amanang le karo-karolelano ea khauta. Tatelano ea Fibonacci e bala 0, 1, 1, 2, 3, 5, 8, 13, 21 joalo-joalo.

Ho Elliott Wave Theory, ho na le mekhoa e 21 ea ho lokisa ho tloha ho e bonolo ho isa ho e rarahaneng. Leqhubu la sepheo ke maqhubu a 5 holimo, ha maqhubu a lokisang a le 3 a theoha, a etsa kakaretso ea 8 ha a eketsoa. Leqhubu la tšusumetso e felletseng le maqhubu ohle a tlase ke maqhubu a 21 holimo, ha mekhahlelo ea tokiso e fihla ho maqhubu a 13 ho ea tlase. Nomoro e 'ngoe le e' ngoe ea Fibonacci ho tloha ka tatellano e kenyelelitsoe ka mokhoa o itseng.

Litokiso li boetse li emisa maemong a ho khutlisa Fibonacci, 'me litšusumetso li fihla katolosong ea Fibonacci joalo ka lipehelo tsa theko. Leqhubu la 5 hangata le lekana le wave 1 kapa wave 3 ho latela boholo. Haeba wave 5 e atolosoa, 'me hangata e le ka crypto, sepheo sa wave 5 se ka oela kae-kae pakeng tsa 1.618 ea wave 3, kapa 1.618 ea kakaretso ea wave 1 le wave 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.

Sena se etsa hore file ea 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 Ts'ebetsongBona.

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