Can Bitcoin's Price Action Really Be Attributed to the FTX Meltdown?
by Editorial Staff
Updated: December 30, 2022
Mind-blowing??? Not really. But is it enough to get you to think outside the box just a bit?
To trade cryptos, you must first understand them. What makes them tick? What indicators are best at predicting their next move?
Here at EWI, we ALERTED readers to the amazing potential in bitcoin back in 2010 when it was trading at 6 cents and we've been forecasting cryptos intraday since 2017. Our subscribers know: Elliott waves are great at showing you setups before the moves begin.
Our Crypto Pro Service updates you on key cryptos -- Bitcoin, Ethereum, Litecoin, Cardano, Dogecoin, Binance Coin and Bitcoin Cash -- every day, even intraday.
See the latest forecasts now -- here's how.
Mainly just seven stocks have been holding up the U.S. stock market. As EWI recently noted: "There has never been such a high weighting in the S&P in such a few number of companies." Elliott wave analysis can help you anticipate major shifts in crowd behavior.
Many investors believe that the stock market reacts rationally to news like corporate earnings, oil "shocks," economic data, Fed announcements and so forth. But does the evidence support the notion of such exogenous causality? There are several examples of stock market "myths" and here's just one of them.
The cryptocurrency stage has a clear standout: Solana. On November 16, the world's #6 crypto soared to 18-month highs, outperforming all cryptos in Oct. and Nov. SOL's surge was right in line with its bullish Elliott wave pattern -- NOT a ChatGPT prediction.