Bitcoin Forum

2024 Elliott Wave

• https://12345abcdewxyz.wordpress.com (https://12345abcdewxyz.wordpress.com)

Speculatively forecasting the price of Bitcoin via subjectively using the Elliott Wave principle.

Analysis is conjecture with sporadic fortnightly to monthly updates.

Previous thread: 2023 Elliott Wave (https://bitcointalk.org/index.php?topic=5434401.0)
  

BTC/USD

https://12345abcdewxyz.wordpress.com/wp-content/uploads/2024/02/20240217-bncblx-1.png (https://12345abcdewxyz.wordpress.com/wp-content/uploads/2024/02/20240217-bncblx-1.png)

https://12345abcdewxyz.wordpress.com/wp-content/uploads/2024/02/20240217-btcusd-1.png (https://12345abcdewxyz.wordpress.com/wp-content/uploads/2024/02/20240217-btcusd-1.png)

ETH/USD

https://12345abcdewxyz.wordpress.com/wp-content/uploads/2024/03/20240303-ethusd.png (https://12345abcdewxyz.wordpress.com/wp-content/uploads/2024/03/20240303-ethusd.png)

DJIA 30

https://12345abcdewxyz.wordpress.com/wp-content/uploads/2024/02/20240217-w-djia30.png (https://12345abcdewxyz.wordpress.com/wp-content/uploads/2024/02/20240217-w-djia30.png)

GOLD

https://12345abcdewxyz.wordpress.com/wp-content/uploads/2024/02/20240217-m-gold.png (https://12345abcdewxyz.wordpress.com/wp-content/uploads/2024/02/20240217-m-gold.png)

OIL

https://12345abcdewxyz.wordpress.com/wp-content/uploads/2024/02/20240217-m-oil.png (https://12345abcdewxyz.wordpress.com/wp-content/uploads/2024/02/20240217-m-oil.png)

you use elliot wave indicator in trading or not.
if yes how to added elliot wave in binnace applicaton or you use metatrader 4 in analys bitcoin price market.
and where site youre download elliot wave indicator

if you want get wave indicator you can seach in meta trader 4 in youre platform pc or ypue notebook
or you can seach in google use keyword elliot wave indicator ussualy you can get indicator you want.

https://12345abcdewxyz.wordpress.com/wp-content/uploads/2024/02/20240226-btcusd.png (https://12345abcdewxyz.wordpress.com/wp-content/uploads/2024/02/20240226-btcusd.png)

we could be in a wave 3 (iii),
of a wave 3 [iii]
of a wave 3 (Minor 3)
from wave 5
That could give us an explosive rise :o

because waves 3 are famous for being explosive

https://12345abcdewxyz.wordpress.com/wp-content/uploads/2024/03/20240302-btcusd.png (https://12345abcdewxyz.wordpress.com/wp-content/uploads/2024/03/20240302-btcusd.png)

https://12345abcdewxyz.wordpress.com/wp-content/uploads/2024/03/20240305-btcusd.png (https://12345abcdewxyz.wordpress.com/wp-content/uploads/2024/03/20240305-btcusd.png)

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https://12345abcdewxyz.wordpress.com/wp-content/uploads/2024/03/20240314-btcusd.png (https://12345abcdewxyz.wordpress.com/wp-content/uploads/2024/03/20240314-btcusd.png)

hhhhmmmm... EW strikes again!

If the count is correct,
we could be very close to the beginning of an explosive movement
wave (iii) of the [iii] of the Minor3
3-3-3
the most explosive waves are usually 3

For minute there, I thought you knew what i had for lunch!!

I'm also surprised by the lack of attention given to this EW thread and its perspective. While I've never been a subscriber of TA, there's a certain allure to EW that I find compelling. Perhaps it's because EW delves into human emotions rather than just being about lines on a chart.

this next wave will be life changing, that's for sure!...

Keeps posting updates for us @xxxx123abcxxxx

that explosiveness is manifested in this other count
https://twitter.com/AlemzadehC/status/1767360395969245245

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https://12345abcdewxyz.wordpress.com/wp-content/uploads/2024/03/20240324-btcusd-1.png (https://12345abcdewxyz.wordpress.com/wp-content/uploads/2024/03/20240324-btcusd-1.png)

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https://12345abcdewxyz.wordpress.com/wp-content/uploads/2024/04/20240408-btcusd.png (https://12345abcdewxyz.wordpress.com/wp-content/uploads/2024/04/20240408-btcusd.png)

Not a triangle, maybe a complex flat

Appears to be Falling Triangle at the moment...

https://stocata.org/ta_en/images_elliott/elliott6_clip_7_24.jpg

https://12345abcdewxyz.wordpress.com/wp-content/uploads/2024/04/20240422-bncblx.png (https://12345abcdewxyz.wordpress.com/wp-content/uploads/2024/04/20240422-bncblx.png)

https://12345abcdewxyz.wordpress.com/wp-content/uploads/2024/04/20240422-btcusd.png (https://12345abcdewxyz.wordpress.com/wp-content/uploads/2024/04/20240422-btcusd.png)

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https://12345abcdewxyz.wordpress.com/wp-content/uploads/2024/05/20240505-bncblx-1.png (https://12345abcdewxyz.wordpress.com/wp-content/uploads/2024/05/20240505-bncblx-1.png)

https://12345abcdewxyz.wordpress.com/wp-content/uploads/2024/05/20240505-btcusd.png (https://12345abcdewxyz.wordpress.com/wp-content/uploads/2024/05/20240505-btcusd.png)

Your analysis of late March (https://bitcointalk.org/index.php?topic=5485551.msg63849817#msg63849817), where you predicted a deeper fall below 60k, was actually quite good (even it the dip got lower than your predicted 57-58k, but I believe this was mainly due to long liquidations and a mini-panic) :)

I am also quite a fan of Elliott waves because they can be explained well with mass psychology and with the "overbought"/"oversold" conditions.

For the current slightly bearish movement we're seeing since the March ATH of >73k, I think the most likely options are (in decreasing probability, from my subjective point of view):

1) a bearish wave 4 in a ~2-3-year bullish cycle with peak in late 2024 or early 2025. Wave 1 would have been, in this case, the movement in late 2022 to mid-2023 up to 32k. Wave 2 would have been the consolidation down to 25-26k, and Wave 3 then the whole way up to 73K. This means that after this wave 4 has bottomed, an "euphoria phase" with >100k could follow.
2) a correction inside a bullish wave 3, peak would be in early to mid 2025. This would be even more bullish, because then we could expect some more ATHs (perhaps up to 80-90k or even 100k) before wave 4 sets in and brings us again down to 55-70k or so. The likelihood of this scenario, in my opinion, has however lowered in favour of scenario 1 due to the relatively weak last weeks.
3) a bearish wave 2 in a 3-4-year bullish cycle, peak in late 2025 or even 2026. This would be the most bullish option, but I think it's relatively unlikely. Basically that would mean that everything from 15.5k up to 73k was a Wave 1. And in my opinion, taking into account the attention levels and psychologic sentiment (Google Trends, Greed & Fear etc.) we have already advanced more than this stage. The only argument in favour of that scenario is tha none of the corrections we've seen in this bull market before the current wave was really important enough to be considered a "wave". In the short term this would be bearish, it could mean we could fall down to 50k before seeing 70k again, but in the mid to long term this would be uber-bullish, the cycle high in 2025 could then easily surpass $200.000 or even more.

Let's see how it plays out, interesting times ahead :)