In this count, VNINDEX completed the Impulse with 5-wave structure and entered the Correction. Duration: about 20-25 years. In this Elliott wave count, VNINDEX can adjust to 550 or even 300 points.
+ Ensure the nature of the cycle: 1 Halving cycle = 1 full price movement cycle; + Validate the 3-wave structure for the correction from 29K to 69K by the end of 2021; + Follow the extended flat corrective wave pattern with peak B higher than peak 5 and wave C with 5-wave structure;
New/Updated Elliott Wave A modern Elliott approach is predicting BTC to $13.3K in the winter of 2023, then only to $90K in the next cycle ~2024 and then $140K in the next cycle ~2028.
Comparing with the standards of the A-Bat pattern, we see many matches (in %): AB/XA = 38.2, exactly BC/AB = 88.6 belongs to 38.2-88.6 It is expected that D will satisfy: CD/BC = 333 belongs to 200-361.8 DA/XA = 113 DE/CD = 61.8 So D & E could be wave 1 & 2 Intermediate in the next cycle.
Comparing with the standards of the 5-0 pattern, we see many matches (in %): AB/XA = 113 belongs to 113-161.8 BC/AB = 161.8 belongs to 161.8-224 It is expected that D will satisfy: CD/BC = 50 DE/CD = 61.8 So D & E could be wave 3 & 4 Minor of wave 1 Intermediate.
Comparing with the standards of the ButterFly pattern, we see many matches (in %): AB/XA = 78.6, exactly BC/AB = 78.6 belongs to 38.2-88.6 CD/BC = 223.6 belong to 161.8-261.8 CD/XA = 161.8 belongs to 127.2 - 161.8 DE/CD is about 45, belongs to 38.2-61.8.
I tested several ratios and found a coincidence of 78.6% in BTC's "recovery wave". We have not only 61.8%, but the square root of 61.8%, which is 78.6%. If this continues over this period, we could see BTC retrace to $51K before the next BTC Halving (2024).
Comparing with the standards of the Bat pattern, we see many matches (in %): AB/XA = 38.2, the min boundary of the range 38.2 - 50 BC/AB = 88.6 max boundary of the range 38.2 - 88.6 (not very nice, min >< max) Expect a D at $43K to match the Bat pattern: CD/BC = 261.8 max boundary of the range 161.8 - 261.8 CD/XA = 88.6 to be exact. DE can be expected at the 38.2...
Comparing with the standards of the Deep Crab pattern, we see many matches (in %): AB/XA = 88.6, exactly BC/AB = 38.2 belongs to Expect D at $4K that matches the Deep Crab pattern: CD/BC = 300 belongs to CD/XA = 161.8 to be exact. DE can be expected at the 38.2 ~ $29K or 61.8 ~ $44K retracement levels. I don't understand why it coincides, interesting, but...
Comparing with the standards of the Cypher pattern, we see many matches (in %): AB/XA = 58.6 belongs to BC/AB = 113 belongs to CD/BC = 127.2 belongs to CD/XC = 78.6 to be exact. DE can be expected at the 38.2 ~ $37K or 61.8 ~ $50K retracement levels. I don't understand why it coincides, interesting, but there is still a problem that the price range is too...
I think that USDVND is in a new bull phase, it will soon surpass 30K VND per 1 USD. Things get very interesting looking through the Fibonacci levels.
A wave count with a view of the failed C5 wave. I focus on harmonic ratios for waves and modification from Ian Copsey.
In my wave count, we are in wave c2. The decline will come quite slowly and last for more than 1 year. The ultimate goal will still be 862 in 2024.
VNINDEX market may have completed wave 5 SuperCycle. If VNINDEX corrects to Fibo Retracement 0.618, we will see VNINDEX at 900 in 2024. Another possibility: 2021 is the top 1 of the extended (V) SuperCycle wave, however we do not see the end of the zigzag correction yet.
Today we get some notable signals: + BTC price surpasses MA200W; + We have the first green histogram after 5 correction waves of MACD; + We are in the 17th month after the official peak of the previous cycle (Apr 2021); I think we are really entering a new cycle with an uptrend that lasts until 2025.
Several trajectories for BTCUSD are presented to reach the next full cycle top. Some criteria for prediction: + BTC peaked at 18 months after BTC halving; + Pumping coefficients according to the golden ratio; + Functions are considered in their most basic form y = y0 + a*x^n. Some comments: + The faster BTC is pumped, the lower the peak of BTC will be; + The...
In MSAP model, we can see: BTC completed the last harmonic and the big crypto winter is waiting for BTC and entire crypto market. Hope 2011 season is not the wave 0-1 or we will have big distribution phase in 2024 season.
MSAP v2: time of ALICE :) My best price to cash out: 70 USD