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

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NgoLwesine, nge-8 kaDec, 2022 5:25 PM

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

nayiphina Bitcoin price prediction is just a guess without a basis to make the forecast. The imodeli yokuhamba-ukuya eso sakha sesona sizathu sikhankanyiweyo sokulindela amaxabiso aphezulu akuphumelelanga, ukushiya uhlalutyo lobugcisa, iimpawu ze-chain-chain, kunye nezibalo njengethuba elihle lokufumana iithagethi zexabiso elizayo.

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 ixabiso.

Imbali emfutshane yesenzo sexabiso le-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.

Ukusuka ezantsi malunga ne-2 yeedola, enye i-bullish impulse yongeze enye i-60,000% ROI ngencopho ka-2013. Ukanti kwalandela elinye inqanaba elimnqantsa lokulungisa, lehlisa i-cryptocurrency nge-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.

Intshayelelo yeTheory ye Elliott Wave

Yafunyanwa okokuqala nguRalph Nelson Elliott ngeminyaka yoo-1930. Elliott Wave ithiyori sisiseko sokuchaza indlela iimarike ezikhula ngayo ngokuhamba kwexesha. I-Motive wave kwi-EWT ngumzekelo weemarike ezihamba amanyathelo amathathu phambili, kunye namanyathelo amabini emva.

La manyathelo atshintshana emva naphambili phakathi kwezigaba zokukhula kunye nezilungiso. Amaza ashukumisayo aqulathe amaza amahlanu ewonke – anamaza aneenombolo ezingaqhelekanga ezihamba kwicala lendlela ephambili, kunye namaza anamanani ahamba ngokuchasene nawo.

Nangona izigaba zokulungisa zikhokelela ekwehleni okukhulu kwexabiso, ukukhula okonyukayo kuhlala kukwicala eliphambili lentsingiselo. Amaza, omabini atyhutyhayo kwaye alungisa omabini abonakala ngokwemilinganiselo eyahluka-hlukeneyo kunye namaxesha.

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.

Ukuphonononga uMjikelo wangoku weMarike, ngokwe-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.

Phantse yonke i-rally ibuyiselwe, eyinto eqhelekileyo yokulungiswa kwamaza 2. Izilungiso zidla ngokutshintshana phakathi kwezilungiso ezibukhali nezisicaba. Izilungiso ezibukhali zimelwe zig-zags. I-Wave 2 iziphathe njenge-zig-zag kwaye akukho nto iphikayo ukuba ngoMatshi ka-2020. NgoLwesine omnyama Ukuwa yayisisilungiso esibukhali.

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.

Iingcali ze-Elliott Wave zahlulwe phakathi ukuba i-BTCUSD igqibile i-wave ye-4 kunye ne-wave ye-5 izigaba, okanye ukuba i-wave ye-4 isaqhubeka kwaye i-wave ye-5 iseza. Ngokusebenzisa ezi meko zimbini, ezinye iithagethi zinokuqwalaselwa.

Iimeko zeBearish kunye neBullish kunye neeThagethi

Kwimeko ye-bearish, a iliza elincitshisiweyo 5 yaphela i 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 ukulungiswa kweflethi eyandisiweyo, Kwaye xa uvakalelo kunye nokugqithisa kwexabiso kugqityiwe, i-cryptocurrency ephezulu iya kukhawuleza ukuseta enye ixabiso le-bullish eligqithisekileyo kunye neemvakalelo zokutshintsha, ngokukhawuleza kunokuba nabani na olungiselelwe.

Using EWT To Make A Bitcoin Uqikelelo lwamaxabiso

Umlingo emva kweTheory ye-Elliott Wave kunye nokuba kutheni ichaphazela ukukhula kwiimarike zemali ngenxa yobudlelwane bayo kunye namanani eFibonacci. Fibonacci amanani asekelwe kulandelelwano lweFibonacci, olunxulumene nomlinganiselo wegolide. Ulandelelwano lweFibonacci lufundeka ngo-0, 1, 1, 2, 3, 5, 8, 13, 21 njalo njalo.

Kwithiyori ye-Elliott Wave, kukho iipateni ze-21 zokulungisa ukusuka kwizinto ezilula ukuya ezinzima. I-Motive wave ngamaza ama-5 phezulu, ngelixa amaza okulungisa engamaza ama-3 ezantsi, enza isi-8 xa edityanisiwe. I-wave ye-impulse epheleleyo eqondayo kunye nawo onke amaza angaphantsi ngamaza angama-21 phezulu, ngelixa izigaba zokulungisa zifikelela kumaza ali-13 ezantsi. Yonke inombolo yeFibonacci ukusuka kulandelelwano ifakwe kwinqanaba elithile.

Izilungiso ziphinde ziyeke kumanqanaba okubuyisela iFibonacci, kwaye iimpembelelo zifikelela kwizandiso zeFibonacci njengeethagethi zexabiso. I-Wave yesi-5 idla ngokulingana no-1 okanye i-wave yesi-3 ngokobukhulu. Ukuba i-wave 5 iyandiswa, kwaye ihlala ikwi-crypto, i-wave 5 ekujoliswe kuyo inokuwela kwindawo ethile phakathi kwe-1.618 ye-wave 3, okanye i-1.618 yesambuku se-wave 1 kunye ne-3 yamaza.

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.

Oku kwenza ukuba 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 UkuThengisaView.

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

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