Bitcoin technical analysis based on Elliott wave evaluation
Elliott wave theory is a theory in technical analysis that is used to describe price movement in financial markets. This theory is a form of technical analysis that helps traders analyze financial cycles. This theory was created by Ralph Nelson Elliott after observing and identifying repeating fractal wave patterns. Elliott wave theory states that market movements are a sequence of population psychology cycles. these patterns are formed according to market sentiment that alternates between bullish and bearish cycles. in this video a sample of an Elliott wave technical analysis is shown.
Of course, Elliot realized that these patterns have no absolute certainty about future price movements, but only help to analyze the future market. In fact, Elliott waves can be used in conjunction with other technical analysis methods, including technical indicators, to identify specific buying and selling opportunities. Traders may have different interpretations of the Elliott wave structure in a market at a given time.
Ben I like the update I like the honesty. I admire the hardwork you put in for us. God Bless!
Thanks for the update!
Thank you Ben.. if I am not wrong 4 yrs ago in your live stream when Bitcoin bump from 13k also ETHwas the leader do you find this interesting and could the history repeat itself..🙏
Really appreciate the frequent BTC updates since it leads the market
Ty
You're really acting kind too the haters lol
Excellent analysis work as usual. I have been following you and I find your guidance is always the best.
Nice content You have here on this channel, I've been following your videos,but still I don't have a knowledge on how to trade on Stocks & Cryptocurrency
👍
Can someone please tell me, where can i find these indicatort? 200 Week moving average, rainbow chart etc..? Could you please send me a link to acces it? Thank you
I brought up a while ago that I thought Quant started to run first last summer. Wondering how this time will play out since it seems to be similar. I'm still not sure there won't be a "scare them to death" dump though. Due to your TA, able to think about both possibilities, bottom in or "seatbelts fastened we're going down."
Thanks, Ben! Loved the spontaneous livestream today!
Please upgrade me to gold membership
what’s the website called for all these BTC indicators?
Ben, thank you very much! 🙏🏻
damn , eth dropped from 3k to 800 and when it turned to 1300 ppl tirned bulissh af LOL
You are always very clear and people who misunderstand should not be investing.
Love to hear the updates. Thanks Buddy have a good evening
Quite protective …not surprising since it is crypto market…but sometimes dilemmas and confusing…
Brilliant TA even though it is tearing me apart with the whole market on a precipice . But thank you Ben and I’ve only owned a full BTC recently thanks to you 🙏🏽 👌🤲
Thank you for the BTC update and for uploading the live stream! 🙂
In charts you will never have enough positive price action to call it . Once it goes past another range up you will need to see more signs to say next move up.
Stocks are dropping
Especially after the CPI. we are heading towards 10k. Make no mistake about it folks. Might be way the way down to 3k. Couple of years
Thx!
Yes! Thank you for reminding people 'the gettin is good' right NOW. I would LOVE to buy BTC at $10k, but I'd HATE even more if this rocket landed and took off before I could buy anything 😅
Thank you
I say ETH short squeeze was a bull trap. Can't imagine a rally with an 1% interest hike looming later this month. DXY keeps climbing Inverted yield curves & recession looming. Then there is the Gox liquidation. Look what Luna did to BTC when it liquidated 80K BTC. What do you think will happen when GOX liquidates 140,000 BTC?. I see more downside!!
Thank you! 👍👍👍
Thx for the update Ben
Thank you
Thanks Ben, Smash that Like Button for Algos people!
Thanks!
Thank you very much for the BTC update!
Thank you Ben, what do you think about web 3 projects, like $flux, $mana?
Thank you 🙏
Ben what are your thoughts on the 3 billion dollars worth of btc being dumped some time in august?
since the PI Cycle bottom flashed and i can attest, it may go up at the end of the flag. remember we've had 3 consecutive higher lows, that's from June 18th, June 30th and July 13th and it was only at this level that the pi cycle bottom flashed.
Thanks for the update. I always check your uploads first before i start buying and selling. Keep it up!!
I have bought at ~20k with 30% of my capital. If we now go up I can still sell that at a good price before we clrrect back down and then enter fully. Until then I will keep my capital because we could go down all the way to 10k (not saying it will but it could in theory) and I want to have capital if that happens.
Matic reached almost 0,80 cents… do you still expect now a wave down or are other signs showing of for another leg up without a retracement to the 64c region?
Update on Matic please Ben 👍🏼
Can’t you also be bearish because of macro economic conditions?
Welcome to crypto, indeed! Another great update– thank you 👍
People seem to wait for a bottom and are upset when they miss it but chances are if you did manage to buy at the bottom the same people wouldn't sell when it's at the top.
I always feel a bit lonely and lost, when there is no MCO TA in the morning 😬🤪😉
what about the recession in USA?? wont it make all this drop? they will 100% be in a bad situation for the next couple of years… what do you think will happen to btc if that is the case??