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...
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.
