Want to Know Where Cryptocurrencies Are Going? Then Fasten Your Seat Belt! :: Elliott Wave International

2022-04-21 12:13:41 By : Mr. Lu Jun

by Nico Isaac Updated: April 14, 2022

In the course of human history, the road to greatness is rarely ever a straight line. There are "What the heck were they thinking?" detours, re-routes and unforeseen obstacles that force the designers to go back to the drawing board before arriving at the final, brilliant idea. Take these examples:

Now, let's talk about the current "design" of mainstream financial forecasting, commonly known as fundamental analysis. It says price trends are driven by news events, weather patterns, supply/demand data, gossip, rumors, any and all host of factors occurring within the market's backdrop.

In turn, to know where market "x" is going to be tomorrow, traders follow the trail of news breadcrumbs today.

But we believe this design needs a complete reboot. On paper, it says one thing. But in reality, it fails to prepare traders for meaningful trend changes, especially in highly volatile markets like cryptocurrencies.

(Don't guess where cryptocurrencies are headed. Get objective analysis into the near-term trend changes in store for the world's most popular tokens with our brand-new Crypto Traders Classroom today!)

Fact: Cryptos are risky. To say otherwise is boloney. The "Oracle of Omaha" Warren Buffett has called cryptocurrencies "probably rat poison squared" and a kind of "Buck Rogers" suspended reality.

But using fundamental analysis to try and navigate cryptocurrencies is like volunteering as a human crash test dummy and getting behind the wheel of a runaway car without working seat belts.

Reason being, the perception and news surrounding cryptos is all over the map: Says Forbes on January 28:

"How Bitcoin Could Go to $10,000 Not $100,000. It is more like a commodity. Its price is determined by supply and demand. But demand is dropping. And that leaves crypto extremely vulnerable, in the way that dot-com stocks were vulnerable in the year 2000

Only for this April 13 Business Insider to posit the exact opposite:

"Bitcoin to $1 million by 2030: Cathie Wood explains why the crypto is pegged for substantial growth, adding that those who get it now will have a 'very nice ride.'"

What if there was a newer design to navigate these markets, one so improved it not only enables traders to identify where they're right, but also where they're wrong before it's too late? And, it has nothing to do with fundamentals!

Well, that's exactly where our brand-new service Crypto Trader's Classroom steps in. This educational resource is the collaboration of 5 of EWI's market-savvy technical analysis instructors who joined their individual strengths to create a united, market-forecasting force.

Together, the Crypto Trader's Classroom team utilizes technical tools from momentum indicators to Elliott wave patterns to teach subscribers how to spot high-confidence setups in the world's leading crypto markets and help spot low-risk scenarios along the way.

Let's go straight to the source. On March 30, our Crypto Trader's Classroom instructor Jason Soni presented this chart of AAVE which put forth a bearish Elliott wave count for a C wave decline.

Press play to listen to this clip of Jason explaining where he expects AAVE to go in the days ahead:

And, this next chart of AAVE shows how prices followed Jason's bearish script to a T.

It's one thing to correctly identify the pattern underway in prices. But Elliott wave analysis shines brightest in its ability to cite to the tick, pip and coin exactly where the wave count is wrong, effectively managing the risk inherent in every financial market.

Here, we pull up to our Crypto Trader's Classroom video lesson on April 5. There, editor Tony Carrion presented a bullish wave count for Filecoin (FIL). However, his analysis wasn't complete until he identified the critical support level to keep prices headed higher.

And here's what happened. FIL did in fact fall below critical support, alerting Crypto Trader's Classroom subs that now was the time to get out!

Accepting the inherent risk in cryptocurrencies is inevitable. But accepting that there's no measurable way to manage that risk -- that's just poppycock!

Right now, our newly launched Crypto Trader's Classroom provides in-depth analysis of those markets that present timeless teachable and time-sensitive actionable moments.

Right now, Crypto Trader's Classroom presents detailed video lessons on meaningful developments underway in Bitcoin, Ethereum, Ripple, TRON, EOS, Binance Coin and more!

Subscribe today to be part of the first generation of our Crypto Trader's Classroom crop of students and discover why capitalizing on crypto trends is less about being intrepid and more about being prepared and independent.

See below for details on how to watch new video crypto today!

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