Bull Market – Winter Host http://winterhost.org/ Mon, 06 Dec 2021 21:46:39 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://winterhost.org/wp-content/uploads/2021/10/icon-50x50.png Bull Market – Winter Host http://winterhost.org/ 32 32 Examination of a rare corrective pattern of the bull market https://winterhost.org/examination-of-a-rare-corrective-pattern-of-the-bull-market/ Mon, 06 Dec 2021 21:46:39 +0000 https://winterhost.org/examination-of-a-rare-corrective-pattern-of-the-bull-market/ Bitcoin’s price in a flash fell below $ 50,000 just weeks after the highest cryptocurrency hit a higher high. Year-end price targets of $ 100,000 or much more are no longer within reach, thanks to a rare corrective bull market pattern that few saw coming. But although Bitcoin has fallen ‘flat’ on its back, this […]]]>

Bitcoin’s price in a flash fell below $ 50,000 just weeks after the highest cryptocurrency hit a higher high. Year-end price targets of $ 100,000 or much more are no longer within reach, thanks to a rare corrective bull market pattern that few saw coming.

But although Bitcoin has fallen ‘flat’ on its back, this could be the last time the cryptocurrency does so before the end of the bull market cycle.

Shocking Crypto Die-Hards Fix Didn’t See It Coming

Ask most Bitcoin investors what their thesis is, and the majority would likely point to the cryptocurrency’s scarce supply, halving, or stock-to-flow model.

The cyclical behavior of halving every four years or so is all that has ever existed historically and all the masses must continue. The stock-flow model takes scarcity and halving into account, to predict prices as high as $ 100,000 to $ 288,000 in December 2021. Instead, each coin is trading today at $ 49,000 .

Related reading | In Search of Fibonacci: Is Bitcoin Starting A “Gold” Recovery?

Additionally, throughout history, whenever the price of Bitcoin has peaked significantly higher, it has continued in a parabolic uptrend. This time, however, it was different. The leading cryptocurrency by market cap hit a new high above and beyond its April peak, but has since corrected to 38%.

So what gives? Well, the first clue of the kind of corrective model that Bitcoin is in relates to that 38% pullback. This is because 38.2% is the 0.618 Fibonacci retracement level. With 61.8% movement in mind, the in-game corrective pattern is likely to be referred to as “running flat”.

Which type of "flat" is Bitcoin trading in?  | Source: BTCUSD on TradingView.com

According to Elliott Wave Theory, during bull markets there are two major corrective phases and three upward impulses which constitute the major uptrend. These phases not only alternate between pulse and correction, but the strength of the pulses and the severity of the corrections also alternate. But we will come back soon to the concept of work-study.

The market expected the fifth and final push to be up to $ 100,000 or more, but a “flat” potential has prevented the conclusion of a Wave 4 – so far or now. What is not entirely clear is what type of apartment Bitcoin is in.

The next phase of the Bitcoin bull market begins with the conclusion of a dish

Apartments can be regular, irregular or enlarged, or in very rare cases, “in progress”. Flat flats are so rare, because they occur when longer term uptrends are so strong and dominant, that flat fails to end beyond wave A in the correction.

The comparison above shows that the Bitcoin price action matches the model’s Fibonacci relationship perfectly. The high and wave B stopped at around 123.6% of wave A down, then dropped to precisely 61.8% of wave B until potentially completing wave C.

The question is, does the collapse end here? Or does the price of Bitcoin keep falling to form an enlarged apartment instead? Rather, the 123.6% extension target for an expanded apartment would be closer to $ 19,500 – where BTC peaked in 2017.

BTCUSDT_2021-12-06_15-56-16

Elliott Wave alternation guidelines explained  | Source: BTCUSD on TradingView.com

But there is still a lot of hope, for the bulls, according to the Elliott Wave rules of alternation. A primary driving wave alternates between pulses and corrective waves in a five-wave pattern. Even waves are always corrective, with odd waves moving with the main trend.

Related reading | Want to learn technical analysis? Read the NewsBTC trading course

Even the corrective waves alternate, in simplicity and severity. One correction tends to be lateral, while the other is sharp. It’s hard to imagine anything more specific than Black Thursday last year. Elliott Wave also points out that one correction is likely to be a simple ABC pattern, while the other is much more complex.

The complexity of consolidation in 2019 compared to 2021 is very different. There is also a clear wave one and a longer wave three which formed a wedge-shaped pattern. If the wedge pattern holds, a widened dish will have been narrowly avoided and the fifth and final pulse wave should begin.

However, the fifth wave is not the happy ending that the bulls are hoping for. The resulting pattern, according to the same Elliott Wave theory that suggests the uptrend is still intact, could result in the worst bear market ever once the uptrend ends.

To follow @TonySpilotroBTC on Twitter or join the TonyTradesBTC telegram for exclusive daily market information and technical analysis training. Note: The content is educational and should not be taken as investment advice.

Featured image from iStockPhoto, Charts from TradingView.com



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Is this the end of the bull market or a pause to refresh the lead? By StockNews https://winterhost.org/is-this-the-end-of-the-bull-market-or-a-pause-to-refresh-the-lead-by-stocknews/ Fri, 03 Dec 2021 19:30:00 +0000 https://winterhost.org/is-this-the-end-of-the-bull-market-or-a-pause-to-refresh-the-lead-by-stocknews/ © Reuters. Is this the end of the bull market or a pause to refresh the lead? “It’s good to be in something downstairs. I arrived too late for that and I know. But lately, I feel like I’ve come to the end. The best is over. These were the words of Tony Soprano in […]]]>

© Reuters. Is this the end of the bull market or a pause to refresh the lead?

“It’s good to be in something downstairs. I arrived too late for that and I know. But lately, I feel like I’ve come to the end. The best is over. These were the words of Tony Soprano in the first episode of The Sopranos. And, it foreshadowed two of the show’s major themes – the decline of the American Empire and the failure of 20th century institutions to remain relevant in the 21st century. It’s also very relevant to investors given the beating the S&P 500 (SPY) has taken over the past week. The main focus of today’s commentary will address this question: is this the end of the bull market? Or is it just a break to refresh the lead? Read on below to find out more… (Please enjoy this updated version of my weekly commentary posted on December 02, 2021 from the POWR Stocks Under $ 10 newsletter).

Over the past couple of weeks, we’ve been discussing the stealth sell off of small caps and cyclical stocks. Last week sales widened and the S&P 500 fell 2.4%.

Market volatility only continued and led to uncontrolled fluctuations in intraday prices. Overall, the S&P 500 was down 4.9% from its all-time Nov 22 high to yesterday’s low.

Continue reading on StockNews

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Fusion media or anyone involved with Fusion Media will not accept any responsibility for any loss or damage resulting from reliance on any information, including data, quotes, graphics and buy / sell signals contained in this website. Please be fully informed about the risks and costs associated with trading in the financial markets, it is one of the riskiest forms of investing possible.


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The bull market returns after a 50% jump in support https://winterhost.org/the-bull-market-returns-after-a-50-jump-in-support/ Tue, 30 Nov 2021 05:03:02 +0000 https://winterhost.org/the-bull-market-returns-after-a-50-jump-in-support/ The price of HIVE saw a sudden rise after a perfect return to an important level of technical support, bringing ATH back to the center of its concerns. Monday saw a remarkable return to form for Hive (HIVE). The decentralized data-sharing network for content creators jumped 30% as the Bulls tried to narrow the loss […]]]>

The price of HIVE saw a sudden rise after a perfect return to an important level of technical support, bringing ATH back to the center of its concerns.

Monday saw a remarkable return to form for Hive (HIVE). The decentralized data-sharing network for content creators jumped 30% as the Bulls tried to narrow the loss to 40% from Friday’s all-time high. The strong rebound has taken Hive’s market cap back above $ 1 billion and is poised to reclaim its place among the top 100 most valuable cryptocurrencies. The recent strength is undoubtedly due to fears about the demise of the Omicron covid variant. Confidence returned to the crypto market, helping Bitcoin rally nearly $ 4,000 from Friday’s low and triggering large gains in altcoins.

As we expected, the weakness at the end of last week resulted in a buy as price neared the support level of $ 1.80:

A logical support level is $ 1.8000 which offered resistance ahead of the impulsive rally. In my opinion, buyers should emerge if the price moves towards the $ 1.8000 level. Based on this, a prudent trading strategy would be to let the price adjust to the overbought condition and accumulate a reduction towards the support.

However, the rally that followed is extreme, leaving HIVE vulnerable to profit taking.

What to expect next

The 4 hour data chart shows that the price of HIVE is in a strong uptrend. As a result, the relative strength index is close to overbought. However, a push above $ 3.00 could encourage aggressive buying, despite the high RSI.

See also

In theory, as long as HIVE stays above $ 1.80, the outlook is good. But I expect volatility to remain high over the next few sessions. Therefore, the token can take another peek below $ 2.00 before going up.

Based on that, I’m on the close at this level, waiting for a better entry point on a pullback.

HIVE price table (4 hours)

hive price

For more market information, follow Elliott on Twitter.



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Business News | Stock market and stock market news | Financial news https://winterhost.org/business-news-stock-market-and-stock-market-news-financial-news/ Mon, 29 Nov 2021 04:11:27 +0000 https://winterhost.org/business-news-stock-market-and-stock-market-news-financial-news/ Search for quotes, news, net asset values ​​of mutual funds Addiction INE002A01018, RELIANCE, 500325 A 97 (Paytm) INE982J01020, PAYTM, 543396 IRCTC INE335Y01020, IRCTC, 542830 Tata power INE245A01021, TATAPOWER, 500400 IEX INE022Q01020, IEX, 540750 Search for quotes, news, net asset values ​​of mutual funds Addiction INE002A01018, RELIANCE, 500325 A 97 (Paytm) INE982J01020, PAYTM, 543396 IRCTC INE335Y01020, […]]]>














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Trends on SGX Nifty point to a flat to positive start for the index in India with a gain of just 18 points.

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name Price Switch % variation
Sbi 465.10 -5.40 -1.15
Indiabulls Hsg 230.90 -15.65 -6.35
Ntpc 126.50 -2.35 -1.82
Nhpc 30.30 -0.35 -1.14

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