Hey guys and girls,
Here is an updated chart from my (Feb 29, 2024) post.
Technical Section:
Wave 3 < 161.8% of wave 1
Wave 4 = 38.2% of wave 3 (Wave a = 38.2% of wave 3, It did)
Wave 5 is probably too large
Extended Wave 5 (Target 2 ) = 100% x length of (beginning of Wave 1 to top of Wave 3)
(Extended Wave 5 = 161.8% x length of (beginning of Wave 1 to...
Hey guys and girls,
Here is an updated chart from my (Nov 12, 2023) post
As you can see, this is only half of the battle!
Further targets: $ 74k, $ 84k, and $ 100k
Appendix:
Structure: 5-3-5 (Inverted)
Bitcoin halving countdown: 49 Days
Technical Section:
Wave 5 has two different relationships:
1- If wave 3 is less than 161.8% of wave 1 -----> the...
Hi everyone,
In a lot of ways, (four days later!), BTC will not dip below $ 69K again.
1- Based on historical trends following the halving ...
2- Elliott Wave Theory!
Proof of claim:
As you know, wave ((1)) and wave ((4)) cannot overlap. For this reason, there is only one possibility for the long-term outlook.
This can only mean one thing: BTC will not...
I firmly believe we are in a Great-Accumulation era.
Technical Section:
BTC is completing the fifth wave of the third wave of a five-wave rally.
As shown on this chart, wave 3 is less than 161.8% of wave 1, as a result, the 5th wave overextends itself.
Extended Wave 5 = either
61.8% x length of (beginning of Wave 1 to top of Wave 3) ($ 90k)
or
=...
(A implies B, B implies C, C implies D, D implies E)
It seems simple,
yes, it seems simple, but it works!
Anyway, let's see what it does.
Appendix: Technical Section (Wave 3):
This wave is much too big to be some kind of first wave!
- Wave 3 = either 1.62 x length of wave 1
or
2.62 x length of wave 1
or
4.25 x length of wave 1
This is my first post in 2024.
BTC - POSSIBLE LONG TERM SCENARIO (JAN 2024)
This is what I see BTC in a big picture at the moment. The lowest I anticipate (if happens) would be 36k. Moreover, BTC can correct when reaches around 48k. The top also can be around 150k in 2025. Let's see what will happen.
Friends,
This wave is much too big to be some kind of first wave!
Technical Section:
What we have:
- The rise from 2019 to 2021 was Wave 1.
- Wave 2 is an expanded flat.
What we don't have:
- Wave 3 = either 1.62 x length of wave 1
or
2.62 x length of wave 1
or
4.25 x length of wave 1
Now its time to declare that the BEAR market has been finished in January 2023. Many still dont believe this which is understandable but life is a cycle, everything changes, after night, there is day and after cold days, there is warm days.
I believe it would be reasonable to look for a new bull market (I expect higher prices)
(Target-1 = $ 57k, Target-2 = $ 73k)
I think it's clear to all
Appendix:
Bitcoin, the pioneering cryptocurrency, continues to redefine the landscape of finance in the digital age. Since its inception in 2009, Bitcoin has sparked a global phenomenon, challenging traditional banking systems and offering a decentralized alternative to fiat currencies.
At its core, Bitcoin operates on a peer-to-peer network, utilizing blockchain...
Bitcoin went to the Moon with Dec '17 top.
Then it corrected 88.6% on the Fibonacci Retracement with Dec '18 bottom.
After that it went to Mars and hit the tops again in Nov '21.
It was a 2000% gain.
What can you tell from this?
Percentage-wise, Correction is lower than the gain.
So, the Dominant Trend for BTCUSD is UP!
OK, back to Earth.
Let's gather fuel and...
Sometimes I add a bit to what I have thought.
Technical Section:
Wave 5 has two different relationships:
1- If wave 3 is less than 161.8% of wave 1 -----> the 5th Wave overextends itself.
2- If Wave 3 is greater than 161.8% of wave 1 -----> Wave 5 = 100% , 161.8% or 262% of wave 1
As shown on this chart, wave 3 is less than 161.8% of wave 1, as a result,...
As 25k has held, we can be more optimistic to see a pretty good uptrend from now on.
Good luck everybody and I will miss you all for a while.
October 2023
