2021 Elliott Wave

[dautuonline]

Still together hoping for a new cycle of beginnings for bitcoin. The month is the month of new waves that make the market like every year. 

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I hope that we are on the price to be able to ride this wave because that pattern is pretty convincing. Although, I am not in a rush for bitcoin to go up, might as well accumulate some bitcoin here and there before that wave happens.

Still together hoping for a new cycle of beginnings for bitcoin. The month is the month of new waves that make the market like every year.  

A daily close above 40K is required at this stage to switch momentum back into the favour of the bulls.
A daily close below 34K opens the possibility to revisit the 27K-30K zone, where the bull market would still remain intact.

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[LFC_Bitcoin]

Primary 5 looks like a more than acceptable outcome to me 
How likely do you think it is that we resume the bull run & reach new highs this year? Worrying times at the moment, would love to see what you think.

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Primary 5 looks like a more than acceptable outcome to me  
How likely do you think it is that we resume the bull run & reach new highs this year? Worrying times at the moment, would love to see what you think.

Can't rule out a revisit to the 27K zone just yet, but a move beyond the 15-JUN-2021 high of 40K ought to confirm the the bull market has resumed.

Barring a truncation, PRIMARY[5] at the very least ought to match the high of INTERMEDIATE(3) set on 12-APR-2021.
So at a minimum, back to 65K is expected before 2022 —which is a 100% gain from here.

Fibonacci-based targets for PRIMARY[5] as follows, perhaps either by DEC 2021 or MAR 2022 (BNC:BLX pricing)...

Code:

$136,152 : PRIMARY[5] = PRIMARY[3] * 0.786%
$219,866 : PRIMARY[5] = PRIMARY[3] * 0.886%
$379,693 : PRIMARY[5] = PRIMARY[3] * 1.000%

[josegines]

Primary 5 looks like a more than acceptable outcome to me  
How likely do you think it is that we resume the bull run & reach new highs this year? Worrying times at the moment, would love to see what you think.

Can't rule out a revisit to the 27K zone just yet, but a move beyond the 15-JUN-2021 high of 40K ought to confirm the the bull market has resumed.

Barring a truncation, PRIMARY[5] at the very least ought to match the high of INTERMEDIATE(3) set on 12-APR-2021.
So at a minimum, back to 65K is expected before 2022 —which is a 100% gain from here.

Fibonacci-based targets for PRIMARY[5] as follows, perhaps either by DEC 2021 or MAR 2022 (BNC:BLX pricing)...

Code:

$136,152 : PRIMARY[5] = PRIMARY[3] * 0.786%
$219,866 : PRIMARY[5] = PRIMARY[3] * 0.886%
$379,693 : PRIMARY[5] = PRIMARY[3] * 1.000%

thanks for the update!!.
I see you give a time forecast for the end of PRIMARY [5], on Dec/21 or March/22.
Could you indicate how those dates come out? Thanks.

Which of the two options you see more possible, a maximum in March/22 would mean a 3-month slower rise.

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thanks for the update!!.
I see you give a time forecast for the end of PRIMARY [5], on Dec/21 or March/22.
Could you indicate how those dates come out? Thanks.

Which of the two options you see more possible, a maximum in March/22 would mean a 3-month slower rise.

Time length of the PRIMARY degree waves...

Code:

🡥 Wave 1: The first bull market wave 2010-2013 (1148 days)
🡦 Wave 2: The first bear market wave 2013-2015 (413 days)
🡥 Wave 3: The second bull market wave 2015-2018 (1064 days)
🡦 Wave 4: The second bear market wave 2018-2019 (364 days)
🡥 Wave 5: The third and final bull market wave 2019-Present

The average length of the bull market waves is 1106 days.

This would project the current bull market wave which started in 2019 to complete around DEC 2021.

In the event of an extended subdividing fifth wave, an arbitrary quarter appended to this projection leads into MAR 2022.
  

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[josegines]

I see that you are inclined to think that the movement that BTC has had for 4 days is an accumulation, not a distribution. And it will end up breaking overhead, once that MINOR 2 ends.

Have you checked the movement on a smaller scale to know when that MINOR 2 has finished?

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I see that you are inclined to think that the movement that BTC has had for 4 days is an accumulation, not a distribution. And it will end up breaking overhead, once that MINOR 2 ends.

Have you checked the movement on a smaller scale to know when that MINOR 2 has finished?

Its possible MINOR 2 pullback is now already complete —i.e. it has met the minimum expected pullback criteria of around a 38.2% Fibonacci retracement of the prior uptrend.

If however MINOR 2 pullback is still progressing, then not expecting a move below the 50% Fibonacci retracement of the prior uptrend, which is around the $41,000 zone.

A daily close above the 09-SEP high of around $47,400 may confirm MINOR 3 uptrend is underway.
 

[josegines]

I see that you are inclined to think that the movement that BTC has had for 4 days is an accumulation, not a distribution. And it will end up breaking overhead, once that MINOR 2 ends.

Have you checked the movement on a smaller scale to know when that MINOR 2 has finished?

Its possible MINOR 2 pullback is now already complete —i.e. it has met the minimum expected pullback criteria of around a 38.2% Fibonacci retracement of the prior uptrend.

If however MINOR 2 pullback is still progressing, then not expecting a move below the 50% Fibonacci retracement of the prior uptrend, which is around the $41,000 zone.

A daily close above the 09-SEP high of around $47,400 may confirm MINOR 3 uptrend is underway.
 

47400$, very thanks!

I believe that the conditions are in place for it to be sufficient downward, that is, everything seems to indicate that it has been a rapid fall to throw out some leveraged longs, and from the low of that fall, build a lateral accumulation movement for the next rise .