Turn off the log and see the Bitcoin waves.
The Bitcoin market is delivering a powerful signal as it not only hit but exceeded the monumental 100K milestone.
This follows three significant bull runs characterised by substantial retail participation in 2017, 2021, and the dramatic surge leading up to Trump's presidential inauguration on Jan 20th 2025.
You don’t have to be an expert in Elliott Wave theory to recognise the five prominent upward waves and the three smaller downward waves (a, b, c) illustrated on this monthly chart.
Elliott Wave theory serves as a tool in technical analysis, helping to interpret a security's price fluctuations over time by pinpointing recurring eight-wave patterns within the return data.
Ralph Nelson Elliott unveiled his groundbreaking theory in the 1930s, gaining recognition for accurately forecasting the stock market's lowest point in 1935 through meticulous analysis of long-term indices and historical trends. The Elliott wave theory serves as a technical analysis framework, asserting that stock price fluctuations primarily manifest in waves rather than straightforward patterns. This approach shares notable similarities with the Dow theory, as both suggest that price movements unfold in waves rather than mere linear sequences.
Do you think we might have actually experienced a left-translated bull run? Or do you feel this is merely a reset in sentiment, characterised by sideways price movements, while crypto still has the potential to soar to the lofty heights that mainstream influencers eagerly promote?
This follows three significant bull runs characterised by substantial retail participation in 2017, 2021, and the dramatic surge leading up to Trump's presidential inauguration on Jan 20th 2025.
You don’t have to be an expert in Elliott Wave theory to recognise the five prominent upward waves and the three smaller downward waves (a, b, c) illustrated on this monthly chart.
Elliott Wave theory serves as a tool in technical analysis, helping to interpret a security's price fluctuations over time by pinpointing recurring eight-wave patterns within the return data.
Ralph Nelson Elliott unveiled his groundbreaking theory in the 1930s, gaining recognition for accurately forecasting the stock market's lowest point in 1935 through meticulous analysis of long-term indices and historical trends. The Elliott wave theory serves as a technical analysis framework, asserting that stock price fluctuations primarily manifest in waves rather than straightforward patterns. This approach shares notable similarities with the Dow theory, as both suggest that price movements unfold in waves rather than mere linear sequences.
Do you think we might have actually experienced a left-translated bull run? Or do you feel this is merely a reset in sentiment, characterised by sideways price movements, while crypto still has the potential to soar to the lofty heights that mainstream influencers eagerly promote?
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.