{"id":526517,"date":"2023-04-12T00:12:48","date_gmt":"2023-04-12T00:12:48","guid":{"rendered":"https:\/\/ktsl888.com\/?p=526517"},"modified":"2024-06-11T08:11:15","modified_gmt":"2024-06-11T08:11:15","slug":"check-one-two-is-bitcoin-mic-drop-rally","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/check-one-two-is-bitcoin-mic-drop-rally\/","title":{"rendered":"Check One, Two: Is Bitcoin Ready For A Mic Drop Rally?"},"content":{"rendered":"

Bitcoin price<\/a> has punctured into resistance at $30,000 and bulls are celebrating the demise of the bear market.<\/p>\n

But are they celebrating too early? Or is the first ever cryptocurrency going to fist pump higher? Find out how Elliott Wave Principle and music might hold the secret to solving where Bitcoin might be in its market cycle.<\/p>\n

Imagine an EDM song at a club or festival. Even the most-energetic song tracks typically start off slower, building and building until the beat drops. After that, the song tempo picks up and the lyrics begin.<\/p>\n

Markets move in a similar manner, first with a small wave of hope, followed by a huge drop that gets everyone\u2019s attention. It\u2019s this moment that the entire dance floor begins to notice the tune, and begin participating. At this point, everyone\u2019s doing it.<\/p>\n

$\"bitcoin$ <\/p>\n

Is BTC in the same spot, ready for a small correction? | BTCUSD on TradingView.com<\/a><\/pre>\nThis Is What It Sound Like, When Bulls Run<\/h2>\nIf this sounds a lot what it\u2019s like when Bitcoin or another asset begins to trend, that\u2019s because music and markets both march to a similar beat. For example, Hurst Cycle Theory looks at the market\u2019s cyclical rhythm and covers themes like harmonics and amplitude \u2014 themes also prevalent in music and sound.<\/p>\nSo what\u2019s this all have to do with Bitcoin? The natural rhythmical behavior in markets, according to Elliott Wave Principle<\/a>, are found all over the place \u2014 from art, to psychics, to music. Currently, after some surprising upside, bulls are euphoric because they know the beat is about to kick into high gear.<\/p>\n
But they could be forgetting that beat drop that comes before things intensify and need to \u201ccheck\u201d their \u201clevels\u201d with a \u201cone-two,\u201d mic check.<\/p>\n
<\/p>\n
The 1\/2 1\/2 setup in action | BTCUSD on TradingView.com<\/a><\/pre>\nCheck One, Two: Is The Bitcoin Uptrend On?<\/h2>\nThe most ideal positioning in an Elliott Wave impulse or motive wave is at the 1\/2 sub-wave of wave III, which follows after waves I and II complete.<\/p>\n
This 1\/2 behavior that arrives after a completed I\/II wave count, is the point before the party really starts. Prices tend to pump toward the ceiling with very few pullbacks. If the count is accurate, the crypto market could see a small correction, followed by a several month-long bull trend.<\/p>\n
Crypto traders could learn a thing or two about what to do in this situation from musicians who noticed the important of the 1\/2 1\/2 setup.<\/p>\nRelated Reading: Brace Yourself: The Most Explosive Move In Bitcoin In Years Has Begun<\/a><\/div>\n\u201cI always count ‘one, two, one, two’ before recording anything, just to make sure the levels are good,\u201d explained rocker Eddie Van Halen. “When I count ‘one, two, one, two,’ it’s not just to check my levels, it’s a reminder to myself to focus and be present in the moment,\u201d advised folk artist Joni Mitchell.<\/p>\n
If you\u2019re worried about what Bitcoin might do next, check your levels, be present in the moment, and focus.\u00a0 <\/span>Check for the 1\/2 1\/2 setup, and if the beat does drop, don\u2019t be afraid to hit the dance floor, a mic drop rally could follow.<\/p>\n\nHere is a detailed \ud83e\uddf5 explaining why any #Bitcoin<\/a> pullbacks are A-okay, along with an absolutely fascinating story about technical analysis and music.<\/p>\n
Best of all, this all ties into Elliott Wave Principle, and a killer trading tip. Keep reading\u2026 pic.twitter.com\/gLtFT8rxqr<\/a><\/p>\n
— Tony "The Bull" Severino, CMT (@tonythebullBTC) April 11, 2023<\/a><\/p><\/blockquote>\n