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Bitcoin: Here's Why the Push Above $20,000 Was in the Cards

By Elliott Wave International


Now You Can Get Bitcoin Updates Daily and Even During the Day
-- and Get in Front of the Waves

EWI's FX analysts now provide cryptocurrency coverage. Now, investors who follow and trade Bitcoin can see what is most likely to happen next -- on multiple degrees and in both directions.

And the CME and CBOE just launched Bitcoin futures, so you can participate on stable exchanges.

To our best knowledge, The Elliott Wave Theorist was the first financial publication in the world to discuss Bitcoin. Bitcoin began in 2009. When it hit 6 cents in September 2010, amidst obscurity, skepticism and disinterest, our Theorist explained the digital currency to subscribers and said it had the potential to become the world's currency. As everyone now knows, Bitcoin recently traded at $20,000.

The majority of traders get run over by big, unanticipated market swings. Those who follow Elliott waves can be calm, prepared and ready to take action before the next, most likely turn.

4 ways EWI's Cryptocurrency Pro Service lets you make decisions with more confidence

You Get Analysis Through the Day

Your Cryptocurrency Pro Service subscription puts a team of Forex experts in your corner. Their goal is to make sure that day-by-day, you have the latest Elliott wave coverage for Bitcoin. To start, we will provide Bitcoin coverage several times a day. As demand proves out, we'll increase our frequency. If other cryptocoin futures become available, we'll cover them.

You Get "Opportunity-Now!" Alerts on Currency Pairs

As a Cryptocurrency Pro Service subscriber, you also get opportunity alerts in currencies. Your Pro Services Forex team scours all FX markets for dramatic setups for you. That's when a market has reached a low-risk, high-reward juncture in its wave pattern. You'll find the alerts in the Opportunities section of your Pro Services portal.

You Get Essential Weekly Perspective On Currencies

Once a week, your currency analysts prepare a video to help you prepare for the week ahead. Sit back and watch as our analysts reveal the markets that are on their radar and should be on yours -- including Bitcoin. Then, each day, market veteran Murray Gunn posts his Currency Insights column. The inimitable analyst calls your attention to an overlooked but powerful wave-generated undercurrent moving FX. These videos and columns are required viewing and reading for all serious currency followers.

You Become Part of an Exclusive Community of Savvy Elliott Wave Traders

If you have a question about the Wave Principle or our analysis, just send us an email. An FX team member will get back to you. We know that we're successful when you are successful. We do what we can to make sure that happens.

Special Introductory Offer:

We considered waiting to launch our Cryptocurrency Pro Service until January 1. That would let us iron out every kink, including data access and format. Instead, we decided to give you the choice: Order now and get 2 months of our new Crypto Pro Service for the price of 1, or wait until January 1 and pay the normal rate. It's your call.

Start Your Subscription Now for $49

This offer is good until 12 midnight, Eastern time, on December 31, 2017. Starting January 1, we go to full price.

This article was syndicated by Elliott Wave International and was originally published under the headline Bitcoin: Here's Why the Push Above $20,000 Was in the Cards. EWI is the world's largest market forecasting firm. Its staff of full-time analysts led by Chartered Market Technician Robert Prechter provides 24-hour-a-day market analysis to institutional and private investors around the world.

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