2023 Elliott Wave

[xxxx123abcxxxx]

2023 Elliott Wave

• 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: 2022 Elliott Wave
 

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[xxxx123abcxxxx]

BTC/USD

[xxxx123abcxxxx]

ETH/USD

[xxxx123abcxxxx]

DJIA 30

[ImThour]

Price goes opposite to what you say. Last post in 2022 says price to go $13k and guess what? we are at $18k.
I think you should already cut the crap and shutdown these threads and do something better in your life.

[hisslyness]

Like signature campaigns!...   

[xxxx123abcxxxx]

Price goes opposite to what you say. Last post in 2022 says price to go $13k and guess what? we are at $18k.
I think you should already cut the crap and shutdown these threads and do something better in your life.

https://12345abcdewxyz.files.wordpress.com/2022/12/20221217-btcusd-1.png

A final fifth wave lower was anticipated to be somewhere around $15,000 to $16,000 during the 08-NOV-2022 election, see here:

https://bitcointalk.org/index.php?topic=5379463.msg61044435#msg61044435

The actual low so far appears to be $15,470 on 21-NOV-2022.

Subsequent revisions proved to be erroneous when the market eliminated the alternate scenarios.

[dansus021]

Maybe we gonna see correction first after bump from 20K, 19K and the price stable we can go on to 25K or test resistance first at 23K and question is my elliot wave correct?

[xxxx123abcxxxx]

https://s3.tradingview.com/snapshots/g/GHMBCvQr.png

Maybe we gonna see correction first after bump from 20K, 19K and the price stable we can go on to 25K or test resistance first at 23K and question is my elliot wave correct?

Current guesswork...

[dansus021]

then we are still gonna see the correction first right? before continue run

[xxxx123abcxxxx]

then we are still gonna see the correction first right? before continue run

When the current trend completes, which started from the 30-DEC-2022 low, would then expect around a sub -10% pullback, before the rally resumes.

[xxxx123abcxxxx]

then we are still gonna see the correction first right? before continue run

When the current trend completes, which started from the 30-DEC-2022 low, would then expect around a sub -10% pullback, before the rally resumes.

[dansus021]

the bull run continues it looks like we have a strong buyer, I just watch the awesome oscillator and it looks like doesn't loose its power  but stochastic RSI and fibbonaci says it need to cool down first before another run, Want to buy but still scared at this time 

[rhomelmabini]

the bull run continues it looks like we have a strong buyer, I just watch the awesome oscillator and it looks like doesn't loose its power  but stochastic RSI and fibbonaci says it need to cool down first before another run, Want to buy but still scared at this time 

It's exhausted and I think so too that it will cool down, I wonder if it's just a bull trap in the end but we should know that in the coming days or weeks. Decrease in price will be an elevator down if it's just a bull trap. I wonder what news again this time that will make the market to react, just recently it's about the unknown Bitzlato exchange being taken down and the market reacted quickly.

[GreatArkansas]

the bull run continues it looks like we have a strong buyer, I just watch the awesome oscillator and it looks like doesn't loose its power  but stochastic RSI and fibbonaci says it need to cool down first before another run, Want to buy but still scared at this time 

Me, I was worried because we gain a huge percentage of pumps in just a short period of time.
I am still waiting for the monthly candle close for this month and I will observe the price action of Bitcoin starting February up to the end of this first quarter of the year.
Overall, now I am still not satisfied for the market is already in a bull market.

[franckuestein]

BTC/USD

Hi, what's your opinion on B at 60,000$ being slightly higher than 5?

Detailed screenshot from your analysis:


Shouldn't it be a little lower?

Thanks

[xxxx123abcxxxx]

Hi, what's your opinion on B at 60,000$ being slightly higher than 5?

Detailed screenshot from your analysis:
https://i.ibb.co/Tmw7mnw/2023-elliot-btc.jpg

Shouldn't it be a little lower?

Thanks

Its an Irregular B-wave, also known as an Expanded Flat correction...

[franckuestein]

Thanks for the clarification xxxx123abcxxxx! Let's see what happens from now on.

[franckuestein]

Hi @xxxx123abcxxxx I still have some questions about the following bitcoin analysis  

BTC/USD

AFAIK the third wave can never be the shortest and in your graphic seems to be the shortest one. Let me show it over your analysis courtesy of @Meigo from Forobits



Sorry if i'm wrong. I'm trying to fully understand your analysis.

Adding some guidelines as reference.


Thanks!

[xxxx123abcxxxx]

Hi @xxxx123abcxxxx I still have some questions about the following bitcoin analysis  

AFAIK the third wave can never be the shortest and in your graphic seems to be the shortest one. Let me show it over your analysis courtesy of @Meigo from Forobits

https://forobits.com/uploads/default/original/3X/7/0/707ab2b89b0529b345be79a61c2ce119f203e742.png

Sorry if i'm wrong. I'm trying to fully understand your analysis.

Adding some guidelines as reference.
https://i.ibb.co/rvs4LVH/wave-3-elliot.png

Thanks!

The third PRIMARY[3] wave is NOT the shortest. Elliott Waves are measured in terms of points, not percentages. A logarithmic chart provides an illusory impression that PRIMARY[1] wave is the longest.

Code:

PRIMARY [1] : 1242 points
PRIMARY [3] : 19642 points
PRIMARY [5] : still underway