Gainesville, Ga.— The cryptocurrency markets are identified for risky value swings that current heightened dangers and alternatives for traders. To assist speculators make sense of latest value motion within the main cryptocurrency points and anticipate the markets’ most possible coming strikes, Elliott Wave Worldwide has introduced that it’ll host a particular cryptocurrency forecasting webinar on Friday, February 26 at 2 p.m. Japanese.
The presentation, obtainable to the agency’s Cryptocurrency Pro Service and Global Market Perspective subscribers, will characteristic forecasts for Bitcoin, Ethereum, Litecoin, Bitcoin Money, Ripple, EOS and Monero. Attendees can even have a chance to pose inquiries to the corporate’s lead cryptocurrency analyst throughout a Q&A session.
Cryptocurrency traders have turn into effectively acquainted with elevated volatility over the previous 12 months. Bitcoin, as an example, fell 60% from mid-February to mid-March final yr after which soared 1,320% into its excessive earlier this month earlier than dropping greater than 20% in two days.
“Dramatic strikes within the crypto markets have captured the eye of skilled merchants and novices alike,” stated Jason Lureman, a market supervisor at Elliott Wave Worldwide. “We felt the time was proper to host a particular occasion to introduce contributors to our technique of market evaluation and provides them a roadmap for the place we predict the cryptos are more likely to go subsequent.”
Elliott Wave Worldwide, the world’s largest impartial technical market evaluation agency, first wrote about cryptocurrencies in September 2010, telling subscribers that Bitcoin was “the way forward for cash.” Again then, Bitcoin traded at 6 cents. The coin’s value has since superior a whopping 80,270,620%, which means a greenback invested in Bitcoin in September 2010 can be value greater than $800,000 right now.
However the agency’s analysts have caught important strikes to the draw back within the crypto markets as effectively. In a December 21, 2017 interview with Newsmax, an EWI analyst stated of Bitcoin, “I wouldn’t contact it. The danger of collapse is simply too nice.” The coin fell 32% over the following day and would lose greater than 81% over the following yr.
Extra not too long ago, this previous Sunday, EWI’s cryptocurrency service informed subscribers to be “on alert for a reversal” in Bitcoin. The coin then fell greater than 20% in 48 hours.
In fact, forecasting is all the time a matter of chances. “The market forecasting technique that by no means makes errors doesn’t exist,” stated Lureman. “However we discover Elliott waves to be particularly helpful when emotion runs excessive in markets. That’s when our analysts inform us the wave patterns typically turn into clearest.”
The latest volatility within the crypto markets suggests emotion is working excessive certainly.
readers can be taught extra about Elliott Wave Worldwide’s Cryptocurrency Professional Service and register for the upcoming webinar by means of the corporate’s website.
For extra details about Elliott Wave Worldwide, contact the corporate right here:
Elliott Wave Worldwide
PO Field 1618
Gainesville GA 30503