Cryptocurrency Market Movement
The cryptocurrency market has been relatively stagnant over the past few months, with prices remaining in a tight range. This period of low volatility has been especially pronounced in August and September, with very few days of significant movement. This is in stark contrast to the typical pattern of October and November, which historically have seen prices move to the upside.
Potential for Price Movement
Despite the recent lack of movement, there is still potential for prices to move in the near future. There is a possibility that prices could drop all the way down to 26,000-28,000, although this is not certain. Alternatively, prices could start to move to the upside in October and November, as has been the historical trend.
Historical Patterns
Looking at the historical patterns of the cryptocurrency market, it is clear that September is typically a weak month. This could mean that September will remain relatively stagnant, although this is not certain. It is possible that prices could start to move in October and November, as has been the historical trend.
What is {{YOUTUBE_VIDEO_TITLE}}?
{{YOUTUBE_VIDEO_TITLE}} is a video that discusses the current scenario of Bitcoin and the potential for a third wave of the market. The video looks at the possibility of a break below 29k, which is the 78.6 retracement of the move to the upside, and the potential for Bitcoin to bottom in this wave. The video also looks at the potential for a five wave move to the upside, as well as the possibility that the bottoming structure is incomplete and may require one more low.
What is the 78.6 Retracement of the Move to the Upside?
The 78.6 retracement of the move to the upside is a technical analysis tool used to identify potential support and resistance levels. It is calculated by taking the high and low of a given period and dividing it by the Fibonacci ratio of 78.6%. This ratio is used to identify potential support and resistance levels, as well as potential entry and exit points for traders.
What is the Potential for a Five Wave Move to the Upside?
A five wave move to the upside is a technical analysis tool used to identify potential trends in the market. It is based on the Elliott Wave Theory, which states that the market moves in five waves. The first wave is the impulse wave, which is followed by three corrective waves, and then the fifth wave, which is the final wave of the trend. This tool is used to identify potential entry and exit points for traders, as well as potential trends in the market.
What is the Bottoming Structure?
The bottoming structure is a technical analysis tool used to identify potential support and resistance levels. It is based on the idea that when the market is in a downtrend, it will form a series of lower highs and lower lows. This structure can be used to identify potential entry and exit points for traders, as well as potential support and resistance levels.
What is the Onyx Trade Setup?
The Onyx Trade Setup is a trading pattern that is used to identify potential opportunities for high-end profits. It involves observing five waves of price movement, followed by a three wave pullback. If the low of the pullback is held, it could indicate that a rally to 40K or beyond is possible.
What is the Current Scenario?
At the moment, higher prices are still possible as long as the 29K level is held. If the 29K level is broken, it could increase downward momentum. If the current wave is a B wave, it could give us a higher P wave before coming down in C wave. However, if the B wave has already topped, then the C wave will come down directly.
What is the Live Stream?
The live stream is a discussion hosted by members of the Onyx Trade Setup team. During the live stream, they will discuss how prices are made and created in the spot markets and future markets. The live stream will take place tomorrow and Sunday.
What is {{YOUTUBE_VIDEO_TITLE}}?
{{YOUTUBE_VIDEO_TITLE}} is a live stream event that is open to members of the community. It is a chance to check in on the members and get updates on what is happening in the community.
How to Join {{YOUTUBE_VIDEO_TITLE}}?
In order to join {{YOUTUBE_VIDEO_TITLE}}, one must first become a member. This can be done by using the links provided in the description of the video. After becoming a member, one can find the link to the live stream on Telegram and Discord, as well as other live stream tutorials.
What to Expect from {{YOUTUBE_VIDEO_TITLE}}?
{{YOUTUBE_VIDEO_TITLE}} offers a variety of educational content. This includes live streams, recordings of previous live streams, and tutorials. Additionally, the price for the event is not expected to be too expensive.
