2022 Elliott Wave

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I would expect a pretty substantial bounce from here, something more than one's typical bear market rally or at least the start of such. There's a myriad of reasons - sentiment is far too negative, buy-back blackout period ending, Federal Reserve dovish hints, earnings will be better than expected, DXY rolling over, negative divergence on 2 year yields, seasonality, etc etc. I think we need S&P ~4000 before general risk appetite returns and results in a Bitcoin breakout.

The US mid-term elections are two weeks away and it does appear the global markets may have bottomed.

A move beyond the 04-OCT high of ~$20,500 in BTC/USD ought to begin momentum favouring the bulls.

[CookieFactory]

I honestly believe indicators are useless in crypto market. They could be a major tools in stock and forex market, but in crypto market public sentiment is more important than indicators like Elliott wave or any other. A rumor can create pump dump in the market, then what will be the use of indicators. Investors mostly doesn't check all these indicators. What they see is the news.

Agree to disagree.

[CookieFactory]

I would expect a pretty substantial bounce from here, something more than one's typical bear market rally or at least the start of such. There's a myriad of reasons - sentiment is far too negative, buy-back blackout period ending, Federal Reserve dovish hints, earnings will be better than expected, DXY rolling over, negative divergence on 2 year yields, seasonality, etc etc. I think we need S&P ~4000 before general risk appetite returns and results in a Bitcoin breakout.

The US mid-term elections are two weeks away and it does appear the global markets may have bottomed.

A move beyond the 04-OCT high of ~$20,500 in BTC/USD ought to begin momentum favouring the bulls.

Looking good!

[doomloop]

I honestly believe indicators are useless in crypto market. They could be a major tools in stock and forex market, but in crypto market public sentiment is more important than indicators like Elliott wave or any other. A rumor can create pump dump in the market, then what will be the use of indicators. Investors mostly doesn't check all these indicators. What they see is the news.

If it was useless then why we are seeing it anywhere? People should stop using it then if what you were saying is true. I think that stocks, forex and crypto do have a similarity, and that is why people in crypto are also using an indicators. If there are many factors which can affect the crypto market then I think it happens as well in stocks and forex markets. Rumors are only a rumor therefore many people won't believe on it so the price will hardly react with it.

There might be a small movement and those were mostly came from newbies and weak hands who sell because of rumors and FUDs. Investors don't like to use indicators but traders do.

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[CookieFactory]

I’m looking for equities to resume their uptrend starting next week. Let’s see how it plays out.

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I’m looking for equities to resume their uptrend starting next week. Let’s see how it plays out.

Yes, seasonality suggests a Santa rally soon, but DJIA30 index perhaps a little overbought at the moment.

[ImThour]

I have been keeping an eye on all of your charts since 2021.
I would request you to stop posting and leave as Elliot Wave is shit.
Stop wasting your time mate, cheers.

[hisslyness]

Lol! That's the thing about TA... it's................................

[josegines]

In 3 weeks it looks like we'll have a new thread, "2023 Elliot Wave."
My bet is that in these last two weeks they will do (V), and there it will end MINOR C
Happy New Year to all!!

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New thread for 2023 here: https://bitcointalk.org/index.php?topic=5434401.0