This is my subjective Elliott wave count: a leading diagonal with very strong wave 1 and wave 4 in the same area with wave 2 (P4 < P1). According to this wave count, wave 5 will be smaller than wave 3, meaning P5 ≤ $43K. Although there is still a possibility that ETH will touch Fibo 0.786 ~ $20K, I lean towards Fibo 0.618 ~ $10K.
By Harmonic patterns, we can define the next zone. Many Fibonacci numbers are concentrated in the $482B area.
This prediction uses a serial trend line and the completeness of an oscillator. The expected price of BTC peak in 2025 is $245K. It's really fascinating.
This prediction uses a parallel channel created by 2 bottoms and 1 top. The expected price for BTC peak in 2025 is only $145K USD. It's quite humbling.
We got FE 0.764 within Impulse 2010-2018, then FE 0.618 within correction. I think we have a large range to predict BTC price in next cycle ~ 2025. FE = 0.618 => only $100K. FE = 0.764 => about $160K.
Just use simple FR for uptrend in cycles. 2013 => 2.618 2017 => 2.618 They are impulses. 2021 => 1.618. It is a apart of long correction, not impulse. 2025 => 1.618? Then we can wait for $166K. I don't think we can get max FR = 2.0 ~ $290K. So Max = FR 1.786 ~ $213K.
This is the wave count that I am monitoring: + We are in a corrective wave lasting 8-13 years, or even 24 years; + Uptrend 2021 and 2025 are only X waves, so it is difficult to count waves accurately, they are just like a single wave instead of a recognizable 5-wave or 3-wave structure.
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.