This video explains Elliott Wave and where I believe Cryptocurrency sits in the macro environment.
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⏰ Timestamps
00:00 Time To ZOOM OUT
01:24 What Is Elliott Wave?
02:45 The 3 Rules
03:37 Human Psychology
04:52 Wave 1
06:34 Wave 2
07:01 Wave 3
07:50 Wave 4
08:13 Wave 5
08:42 What Comes Next.
10:00 Another Puzzle Piece
#cryptonews #bitcoin #crypto
Financial Disclaimer: I am not a financial advisor. The ideas presented in this video are personal opinions and for educational and entertainment purposes only. You (and only you) are responsible for the financial decisions that you make.
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42 Comments
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Thanks Michael! Nice Elliot wave overview!
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Really useful insights. It's so easy to loose track of the big picture. i'd love to see more like this in the future.
Bro, the 5th wave completed in November 2021. Your count is off, and it's causing you to wait for something that already happened. Look at the Monthly RSI bearish divergence between the 2017 high and the 2021 high. Those are the 3rd and 5th waves. Then look at the Monthly bearish divergence between May 2021 and November 2021. Those are the 3rd and 5th of the 5th. It's over. We're getting a macro wave 2 right now. Don't get rekt.
Your perspective on things is truly remarkable. This kind of insight is definitely helpful when looking at the bigger picture, which we all need to do from time to time.👍
agree overall, but I think that red 4 should come closer to red 1, before the run to leg 5 starts. September just doesn't seem the right time for the reversal for leg 5.
Awesome information Michael. Thanks so much 🙏
Great Info
The only thing I thing needs upgrade is the site navigation for newbies.
Elliot wave analysis on this chart doesnt consider external fundamental factors such as the feds balance sheet being in direct correlation to the performance of both the crypto market and general market indices. Also consider interest rate hikes.
It is good, but i can’t afford $100, can there be chance for $50?
There are so many recommended sites to earn passively without doing anything because they have automated both that work 2hrs for you, just that I can’t afford $100 to invest in there site, if not the site is 100% good
What’s the best choice investing in real estates or crypto? Because I have been thinking crypto seems to be one of the most promising at the moment.
I need to watch this every month as reminder. This is great info!
Great video today. I liked the Elliot wave overview!
Great explanation
Hey Michael, thanks for the content, do you or any one no of a trading platform in Australia that can be linked to trading view? Is that the go?
I made an investment with Mrs Mirabel
She helped me get back what I lost while trying to trade.
Awesome, thanks! At a guess, the peak of cycle 5 will roughly align with the 18.6 year cycle?
What makes the macro trend wave 3 coming in at the 69k high instead of the 20k high of december 2017? I struggle to see where the difference is when it comes to counting the big 5 waves, because if dec 2017 would be wave 3, the 2021 high would be wave 5 and that is a hell of a different outcome.
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Thanks, I like the longer time frame vids. 😀
A truely relief from your video! Thanks Jason 😁
OMG I really appreciate you I don't know you are true and legit I received my profile 50BTC@Investormike05 thank you very much I will continue trading with you
OMG I really appreciate you I don't know you are true and legit I received my profile 50BTC@Investormike05 thank you very much I will continue trading with you
The current situation in the crypto market worries me a little, it's hard to stay calm. if stablecoin is stable in my wallet and LEO is relatively stable.
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Some people i know selling there btc for COTI, i bought some just in case there on to something. CARDANO , COTI, STABELCOIN DJED , 100.000 TPS and more…. Its a no brainer people.
🙂 was just talking about Eliot waves yesterday. Good to get some extra info on this. Cheers mate 🤙
Brilliant work mate, sticking with you guys for the few years, decades 🙂
Michael where do you see the bottom? Do you think we will pass the old bottom?
should I buy BTC and ETH these days?
GUUUYSSSS right now the official Binance DEX has a bug
It exchanges BTC to eth FOR x10
I made a video
DCA AMZSB2 and chill. You'll be obnoxiously rich in less than 5 years. What's 5 years among friends?
The inflation is real We are far very from the bottom, But we also need to talk about Amazons AMZSB2 as a gamechanger where we can avoid most of the losses. This is not a joke guys, this is the only chance this year gives!
Binance CEO talk about AMZSB2 and hinted let it list on binance, cant imagine the price at 2023!.
Exciting times for Amazon’s AMZSB2 and it's community.
I’ve been under since day one, (April 2021). When BTC was supposed to go to $100k, It didn’t. I’ve been buying and hodling AMZSB2 and i know my patience will pay off .
Wow I'm so surprised you mentioned AMZSB2. I have been keeping eye on it for a while and it seems very promising.
I’ve heard Amazon is killing it with * AMZSB2* .