Elliott Forecast - Elliott Wave View: Bitcoin Downside Target | ResearchPool

Almost there...

Due to regulatory restrictions regarding the distribution of financial research, this report is restricted to a specific region or investor type. Get access to exclusive reports by answering the questions below.

Are you a professional investor?

Select your country

REGISTER

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

First Name*

Last Name*

Country*

Email*

Password* ( 6 or more alphabetic and numerical characters )

Get financial insights straight to your inbox

YES

I have read and accept ResearchPool Terms & Conditions, and Privacy Policy, including our Cookie Use Policy

Already on ResearchPool? Login Now

Report

Elliott Forecast

Eric Morera

Elliott Wave View: Bitcoin Downside Target

June 14, 2022 By

Short term View in Bitcoin suggests that cycle from March 28, 2022 high is unfolding as a . Down from March 28 peak, wave ((A)) ended at 25401 and rally in wave ((B)) ended at 32375.81. Bitcoin has resumed lower in wave ((C)) with internal unfolding as a 5 waves impulse Elliott Wave structure. Down from wave ((B)), wave ((i)) ended at 31312.53 and rally in wave ((ii)) ended at 31878.53. Bitcoin then extends lower in wave ((iii)) towards 29309.84, and rally in wave ((iv)) ended at 30688.82. Final leg lower wave ((v)) ended at 29233 which completed wave 1. Bounce in wave 2 then ended at 31737.31.

Down from wave 2, wave ((i)) ended at 29184.25 and rally in wave ((ii)) ended at 31536.11. Near term, expect wave ((iii)) to complete soon, and rally in wave ((iv)) to unfold to correct the decline from wave ((ii)) before it resumes lower. As far as pivot at 32393.01 high remains intact, expect rally to fail in 3, 7, or 11 swing for further downside. Potential target lower is 100% – 123.6% Fibonacci extension from November 10, 2021 peak at 3572 – 12079.6.

Bitcoin 60 Minutes Elliott Wave Chart

Bitcoin Elliott Wave Video

Source:-forecast.com/news/elliott-wave-view-bitcoin-downside-target/

#elliottwave #trading #bitcoin

14/06/2022 1 EN

Provider

Elliott Forecast

Elliott Forecast

Elliottwave-Forecast.com (by EME PROCESSING AND CONSULTING LLC) was founded in 2005 by Eric Morera. Since inception our company has provided tailored Financial Market Services to thousands of clients. ElliottWave-Forecast has built a reputation on accurate technical analysis and a winning attitude. By successfully incorporating the Elliott Wave Theory with Market Correlation, Cycles, Proprietary Pivot System, we provide precise forecasts with up-to-date analysis for 52 instruments including FX majors, Gold, Silver, Copper, Oil, TNX and major Equity Indices. Our clients also have immediate access to our proprietary Actionable Trade Setups, Market Overview, 1 Hour, 4 Hour, Daily & Weekly Wave Counts. Weekend Webinar, Live Screen Sharing Sessions, Daily Technical Videos, Educational Resources, and 24 Hour chat room where they are provided live updates and given answers to their questions.

See profile

Analysts

Eric Morera

Other Reports from Elliott Forecast

Eric Morera

Eric Morera

Elliott Wave Expects EURUSD to Turn Higher

Short Term Elliott Wave in EURUSD suggests cycle from 4.16.2024 low is in progress as a . Up from 4.16.2024 low, wave 1 ended at 1.0916. Pullback in wave 2 ended at 1.0664 as the 1 hour chart below shows. Pair has turned higher in wave 3. However, it still needs to break above wave 1 at 1.0916 to validate the bullish view and creates a bullish sequence. Up from wave 2, wave i ended at 1.0776 and pullback in wave ii ended at 1.0709. Pair then resumed rally higher in wave iii towards 1.0817 and pullback in wave iv ended at 1.0777. Expect pair to extend higher in wave v to complete wave...

July 5, 2024 July 5, 2024 1 EN

Eric Morera

Eric Morera

Bitcoin (BTCUSD) Found Sellers After Elliott Wave Zig Zag Pattern

Hello fellow traders. In this technical blog we’re going to take a quick look at the of Bitcoin ( BTCUSD). As our members know, Bitcoin is correcting the cycle from the 25068 low, and we have been predicting a price decline. Recently, we observed a bounce against the June 7th peak. This recovery formed an Elliott Wave Zig Zag Pattern. In the following text, we will explain the Elliott Wave Pattern and the forecast. Before we take a look at the real market example, let’s explain Elliott Wave Zigzag pattern. is the most popular corrective pattern in Elliott Wave theory . It’s made o...

July 5, 2024 July 5, 2024 4 EN

Eric Morera

Eric Morera

Elliott Wave Intraday Looking for S&P 500 ETF (SPY) to End Wave 5

Short Term Elliott Wave in S&P 500 ETF (SPY) suggests rally from 4.20.2024 low is ongoing as a . Up from 4.20.2024 low, wave ((i)) ended at 534 and pullback in wave ((ii)) ended at 518.36. The ETF extended higher in wave ((iii)) towards 551.12. Pullback in wave ((iv)) unfolded as a zigzag Elliott Wave structure. Down from wave ((iii)), wave (a) ended at 543.02. Bounce in wave (b) unfolded as an expanded flat structure. Up from wave (a), wave a ended at 546.95 and pullback in wave b ended at 542.21. Wave c higher ended at 550.28 which completed wave (b) in higher degree. Wave (c) lower...

July 4, 2024 July 4, 2024 1 EN

Read more reports

Sign-up for free to access full reports immediately

Email Address*

Choose Password* ( 6 or more characters )

Due to regulatory restrictions regarding the distribution of financial research, this report is restricted to a specific region or investor type. Get access to exclusive reports by answering the questions below.

Select your country*

Get financial insights straight to your inbox

By clicking "register" you accept the Terms and Conditions & Privacy Policy

Already on ResearchPool?