Binance Coin is the cryptocurrency issued by Binance exchange and carries BNB symbol. With a volume of $7.6 billion, as of Q2 2022, Binance Exchange was the largest cryptocurrency exchange in the world. One-fifth of Binance exchange’s profits are used to repurchase and permanently destroy, or “burn,” Binance coins held in its treasury. Binance was created […]
BNB / BTC (Binance Coin / Bitcoin) Elliott Wave AnalysisRead More
Binance Coin is the cryptocurrency issued by Binance exchange and carries BNB symbol. With a volume of $7.6 billion, as of Q2 2022, Binance Exchange was the largest cryptocurrency exchange in the world. BNB was initially based on the Ethereum network but is now the native currency of Binance’s own blockchain, the Binance chain. Every quarter, […]
Bitcoin Impulsive Elliott Wave Rally Favors the UpsideRead More
Cycle from 19 December 2022 low is ongoing as a 5 waves impulse Elliott Wave structure. The starting wave from 19 December low at 16306.36 is wave 2. Wave 3 higher is currently in progress with internal subdivision as another 5 waves in lesser degree. Up from wave 2, wave ((i)) ended at 17046 and […]
Bitcoin Failed At The Equal Legs AreaRead More
In this technical blog, we will look at the past performance of the 4-hour Elliott Wave Charts of Bitcoin. In which, the decline from 15 August 2022 high ended 5 waves in an impulse sequence and showed a lower low sequence in a higher time frame charts. Therefore, we knew that the structure of Bitcoin […]
Elliott Wave View: Bitcoin (BTCUSD) Selling Pressure Should PersistRead More
Bitcoin resumes lower and break below previous low in September 21. This article and video look at the Elliott Wave path for the crypto currency.
ETHUSD Impulsive Decline Calls for More DownsideRead More
ETHUSD (Ethereum) is one of the three crypto-currencies covered as a regular instrument at Elliottwave-Forecast. Other two crypto-currencies we cover on a regular basis are BTCUSD (Bitcoin) and LTCUSD (Litecoin). In today’s article, we will be looking at Ethereum which has been dropping since forming a high on 08.14.2022. It dropped 43% from 2036 to […]
Bitcoin Reacting Lower From Elliott Wave Blue Box AreaRead More
In this blog, we take a look at the past performance of Bitcoin charts. In which, the pair provided a selling opportunity at the blue box area.