ביטקאָין פּערפעקטלי גייט מאַרק ציקל פאַרגלייַך, וואָס קומט ווייַטער פֿאַר קריפּטאָ?

Bitcoin price continues to stagnate and מאַך סיידווייז, but according to the cryptocurrency following an Elliott Wave market cycle, a break in the boredom is due soon.

Price action follows the predicted path so perfectly, that when layering Bitcoin directly over the comparison, there is little room for doubt about what comes next for crypto.  Take a look for yourself and decide.

All About Elliott Wave Theory And The Guideline of Alternation

Bitcoin is maturing with each passing ביק ציקל, but it remains a speculative asset. As such, narratives tend to drive the price action. When the cryptocurrency is bullish, it moves in a powerful parabolic impulse up. When things are bearish, the rollercoaster ride turns scary and many get ejected along the way.

Markets might seem like an unpredictable rollercoaster at times, but on several time scales, they can be quite predictable. In the 1930s, Ralph Nelson Elliott developed what he referred to as Wave Principle. According to וויקיפעדיע, “Elliott stated that, while stock market prices may appear random and unpredictable, they actually follow predictable, natural laws, and can be measured and forecast using Fibonacci numbers.”

פֿאַרבונדענע רידינג | איצט אָדער קיינמאָל: ביטקאָין בויען באַזע אין אַ יאָרצענדלינג-לאַנג פּאַראַבאָליק ויסבייג

Today, the study is more commonly referred to at עליאַט וואַווע טירי. Each “wave” has a specific type of characteristic and guidelines. Waves alternate between bullish and bearish phases. Odd numbered phases are impulse waves that move in the primary trend direction, while even numbered waves are corrective phases that move against the primary trend.

In addition to waves alternating between positive and negative growth, they also alternate in their degree of severity. And according to the Guideline of Alternation, one correction is typically sharp, while the other is flat or sideways. When this exact example is projected over ביטקאָין פּרייַז קאַמף the path ahead looks a lot more clear.

If Bitcoin continues to follow the path, what comes next? | Source: בטקוסד אויף TradingView.com

What Is Next For Bitcoin When The Flat-Style Correction Ends?

די length of each correction is also different, according to Elliott Wave Theory. Sharp corrections tend to be over with a lot faster than a flat-style correction, which painfully grinds sideways. The market itself still has a sort of post-traumatic bear market syndrome from the severity of the sharp style correction, that it is expects the market to behave in the same manner yet again.

פֿאַרבונדענע רידינג | צייט ווס פּרייַז: פארוואס די ביטקאָין קערעקשאַן איז געווען די מערסט ווייטיקדיק נאָך

However, according to the Guideline of Alternation, the probability of two of the same type of corrections is extremely low. In rare situations, two sideways corrections occur, but never two sharp corrections. This suggests that whenever Bitcoin price finally does turn around, the corrective wave four should be complete and the grand finale wave five will begin.

What happens after wave five is complete? Another bear market, and likely the worst and longest in the history of Bitcoin.

נאָכפאָלגן @TonySpilotroBTC אויף טוויטטער אָדער פאַרבינדן די TonyTradesBTC טעלעגראַם פֿאַר ויסשליסיק טעגלעך מאַרק ינסייץ און בילדונג פון טעכניש אַנאַליסיס. ביטע טאָן: אינהאַלט איז בילדונגקרייז און זאָל ניט זיין גערעכנט ווי ינוועסמאַנט עצה.

פעאַטורעד בילד פֿון iStockPhoto, טשאַרץ פֿון TradingView.com