This Analysis is purely based on Elliot Waves Theory, 50/200 Moving averages in daily and weekly time frame and chart pattern
This analysis is 2024 Halfing Event
As provided earlier analysis on current price action, we will be experiencing a mini and a quick bear market till August End on 2021 and then we will commence our bull run similar to 2013 which will be parabolic and would end in December 2022 we are in a falling broadening wedge which started with a rising wedge in daily time frame and was the completion of wave 5, the wedge broke down to start the A correction which is making a head and shoulder pattern (the target will be calculated for head and shoulder in terms of percentage which will complete wave A then a wave B will be till 0.618 level which is much more likely as that will be test of upper trendline of broadening wedge ) and the the test of lower trendline will complete bear market with wave C correction.
After the complete of ABC wave correction will start our wave 1 which will break the wedge in upside the test of upper trendline as a support will be wave 2 and then we will start our parabolic move in wave 3.
I consider bull run top to be at 383098$ in December 2022 next year which will be in correspondence with halfing event which will be 2024 the bear run after 2022 will be a 84.5 % correction at 59203.5 in 2024
If you like my analysis do give a like and comment your views on same
This analysis is 2024 Halfing Event
As provided earlier analysis on current price action, we will be experiencing a mini and a quick bear market till August End on 2021 and then we will commence our bull run similar to 2013 which will be parabolic and would end in December 2022 we are in a falling broadening wedge which started with a rising wedge in daily time frame and was the completion of wave 5, the wedge broke down to start the A correction which is making a head and shoulder pattern (the target will be calculated for head and shoulder in terms of percentage which will complete wave A then a wave B will be till 0.618 level which is much more likely as that will be test of upper trendline of broadening wedge ) and the the test of lower trendline will complete bear market with wave C correction.
After the complete of ABC wave correction will start our wave 1 which will break the wedge in upside the test of upper trendline as a support will be wave 2 and then we will start our parabolic move in wave 3.
I consider bull run top to be at 383098$ in December 2022 next year which will be in correspondence with halfing event which will be 2024 the bear run after 2022 will be a 84.5 % correction at 59203.5 in 2024
If you like my analysis do give a like and comment your views on same
