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Topic: 2021 Elliott Wave - page 9. (Read 3566 times)

JL0
full member
Activity: 817
Merit: 158
Bitcoin the Digital Gold
December 31, 2020, 08:37:35 PM
#16
Thank you for your Post's. From $29K to ~$25K is a %13 pull back right ? You see any chance of ~30-40% pull back like in the last bullrun ?
Expecting a 7% to 11% pullback.

Since Wave-4 cannot overlap Wave-1, the maximum is allowable is a 17% pullback.
Thank you for your prompt reply. I still have a little Fiat left. I would like to hear your advice on where to buy or where to place an order to buy.
newbie
Activity: 1
Merit: 0
December 31, 2020, 06:43:50 PM
#15

If it continues into all time high area again, do you see this pull back invalidated? Could the pullback on the 4 hour chart have been the correction a couple days ago with the way it’s been moving?
sr. member
Activity: 541
Merit: 266
December 31, 2020, 12:06:39 PM
#14
Thank you for your Post's. From $29K to ~$25K is a %13 pull back right ? You see any chance of ~30-40% pull back like in the last bullrun ?
Expecting a 7% to 11% pullback.

Since Wave-4 cannot overlap Wave-1, the maximum is allowable is a 17% pullback.
JL0
full member
Activity: 817
Merit: 158
Bitcoin the Digital Gold
December 31, 2020, 11:38:53 AM
#13

Thank you for your Post's. From $29K to ~$25K is a %13 pull back right ? You see any chance of ~30-40% pull back like in the last bullrun ?
sr. member
Activity: 541
Merit: 266
December 31, 2020, 05:59:22 AM
#12
sr. member
Activity: 541
Merit: 266
December 28, 2020, 10:26:23 AM
#11
Hurray! My favorite 2021 topic is ready, I was sad that you passed Elliott Wave 2020. Bookmarking this topic right away.
Considering MINOR 1 made a really small pull back, do you think that MINOR 4 will have a huge pull back to 0.618s?

Thank you, hope all is well. Merry Christmas & best wishes for 2021.

Assuming MINOR 3 ends around $35,000, then the following may be possible estimate zones for MINOR 4 pullback...

Code:
$25,000: Fibonacci 23.6% retracement
$20,000: Fibonacci 38.2% retracement

Not expecting anything deeper than the first zone.

MINOR 2 pullback was a shallow sideways affair elapsing a month. The steeper the pullback, the quicker it ends.
  
full member
Activity: 161
Merit: 175
Hello World!
December 28, 2020, 03:35:14 AM
#10
Hurray! My favorite 2021 topic is ready, I was sad that you passed Elliott Wave 2020. Bookmarking this topic right away.
Considering MINOR 1 made a really small pull back, do you think that MINOR 4 will have a huge pull back to 0.618s?
sr. member
Activity: 541
Merit: 266
December 25, 2020, 09:57:48 AM
#9


sr. member
Activity: 541
Merit: 266
December 21, 2020, 03:39:16 AM
#8


legendary
Activity: 2171
Merit: 1201
December 17, 2020, 06:29:33 PM
#7
I've settled on a range of $300-400K as my preferred scenario.

I can live with that.
legendary
Activity: 1806
Merit: 1521
December 17, 2020, 05:57:51 PM
#6
Since PRIMARY[3] cannot be the shortest, the maximum upside potential for PRIMARY[5] wave is...

Code:
$379,693 : PRIMARY[5] = PRIMARY[3] * 1.000%

Based on harmonics and extrapolations of the past, that's my view as well. Given the impossibility of predicting where blow-off tops end, and also how illiquid the BTC market is (especially during bubbles), I've settled on a range of $300-400K as my preferred scenario. I know the upper bound is slightly outside of the valid range for Wave 5, but I also think short term violations like that are possible under those market conditions.
sr. member
Activity: 541
Merit: 266
December 16, 2020, 08:21:43 PM
#5
Excited to see a new thread. Smiley

I see you've revised targets for your Primary [5] significantly higher this time. Good thing, I always thought those targets in the $30,000s were way too low. An order of magnitude higher sounds about right.

Using BLX:BNC pricing, here are Fibonacci-based projection target zones for PRIMARY[5] wave...

Code:
$34,575  : PRIMARY[5] = PRIMARY[3] * 0.500%
$60,864  : PRIMARY[5] = PRIMARY[3] * 0.618%
$136,152 : PRIMARY[5] = PRIMARY[3] * 0.786%
$219,866 : PRIMARY[5] = PRIMARY[3] * 0.886%
$379,693 : PRIMARY[5] = PRIMARY[3] * 1.000%

In terms of the bull market impulsive waves...

Code:
PRIMARY[1] = 1,178  points / 3,666,017%
PRIMARY[3] = 19,601 points / 11,961%
PRIMARY[5] = 18,500 points / 600% (thus far)

Since PRIMARY[3] cannot be the shortest, the maximum upside potential for PRIMARY[5] wave is...

Code:
$379,693 : PRIMARY[5] = PRIMARY[3] * 1.000%




legendary
Activity: 1806
Merit: 1521
December 16, 2020, 02:33:50 PM
#4
Excited to see a new thread. Smiley

I see you've revised targets for your Primary [5] significantly higher this time. Good thing, I always thought those targets in the $30,000s were way too low. An order of magnitude higher sounds about right.
sr. member
Activity: 541
Merit: 266
December 16, 2020, 01:46:23 PM
#3
sr. member
Activity: 541
Merit: 266
December 16, 2020, 01:46:03 PM
#2
sr. member
Activity: 541
Merit: 266
December 16, 2020, 01:45:33 PM
#1
2021 Elliott Wave


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

Analysis is conjecture with sporadic fortnightly to monthly updates.

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