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Topic: 2022 Elliott Wave - page 6. (Read 2287 times)

hero member
Activity: 826
Merit: 532
January 05, 2022, 07:17:12 AM
#13
What if the November high was the beginning of the bear cycle? It is not impossible.

If we see a new maximum in the coming months, this cycle would have been significantly longer than the previous ones, also leaving much less time for the subsequent bearish cycle before the next halving of 2024.

That is, if we expect a PRIMARY [5] to culminate CYCLE I, the subsequent CYCLE II would have a very short duration relative to the impulse it corrects.

CYCLE I ---> 11 years
CYCLE II ---> <2 years

It's not what anyone wants to read, not even me. I'm not short, far from it. It is that the times would not fit.

If the price of BTC drops to the 21-SEP-2021 low of 40K, it would imply an ongoing wave-(4) pullback is still underway and heading back to the JUN-2021 low of 28K.

Market cycles don't necessarily have to equal a balance of time; e.g. see DJIA30 chart here:

https://12345abcdewxyz.files.wordpress.com/2021/12/20211224-m-djia30.png

—From the 1932 low to the 2007 high, the DJIA30 index had a 75 year SUPERCYCLE-(I) bull market, consisting of five CYCLE degree waves.
—From the 2007 high to 2009 low, a SUPERCYCLE-(II) bear market halved the bull market (i.e. a -55% decline, approx equal to other historical declines).
—A 75 year SUPERCYCLE bull market, corrected by a 2 year SUPERCYCLE bear market.

After BTC completes its first bull market CYCLE, a bear market CYCLE shall follow (i.e. up to a -90% decline, approx equal to other historical declines).
Afterwards, whether a new bull market CYCLE starts again, is anybody's guess..?


Okay, I try to fit the different forecasts out there.
-If BTC makes a new high in 2022, it could equate to the end of CYCLE I
-If after the halving of 2024 we see a new ATH, it could occur in 2025-2026
-between the maximum assumption of 2022 and the halving of 2024 should be the minimum of CYCLE II, then it would have a duration of less than 2 years.

in your opinion:
-the duration of CYCLE II could perfectly fit Elliot's Wave Theory and be followed by a CYCLE III (which would be mind-blowing)
sr. member
Activity: 571
Merit: 284
January 05, 2022, 05:43:37 AM
#12
Or could it be that it simply doesn’t follow a wave cycle?

How did last year’s thread/prediction play out? “If” I’m reading it correctly it forecast $200k for December 2021.

I love reading these predictions (and would definitely be delighted if they came true) but really … ? … does anyone ever go back and say “This is what it forecast, X; this is what we saw, Y”?

No change to the outlook yet, still expecting a top at either one of the following initial zones...

Code:
Fibonacci-based projection target zones for PRIMARY[5] wave, using BLX:BNC pricing...

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

Waves can subdivide and extend in price and time, or truncate. Hence, unpredictable "delays and detours" may occur to the roadmap. As and when the waves unfold, price and time projections are revised. However, thus far the "destination" hasn't changed as of yet.

The Elliott Wave model is indicative of price & structure, not time.

sr. member
Activity: 571
Merit: 284
January 05, 2022, 05:28:25 AM
#11
What if the November high was the beginning of the bear cycle? It is not impossible.

If we see a new maximum in the coming months, this cycle would have been significantly longer than the previous ones, also leaving much less time for the subsequent bearish cycle before the next halving of 2024.

That is, if we expect a PRIMARY [5] to culminate CYCLE I, the subsequent CYCLE II would have a very short duration relative to the impulse it corrects.

CYCLE I ---> 11 years
CYCLE II ---> <2 years

It's not what anyone wants to read, not even me. I'm not short, far from it. It is that the times would not fit.

If the price of BTC drops to the 21-SEP-2021 low of 40K, it would imply an ongoing wave-(4) pullback is still underway and heading back to the JUN-2021 low of 28K.

Market cycles don't necessarily have to equal a balance of time; e.g. see DJIA30 chart here:

https://12345abcdewxyz.files.wordpress.com/2021/12/20211224-m-djia30.png

—From the 1932 low to the 2007 high, the DJIA30 index had a 75 year SUPERCYCLE-(I) bull market, consisting of five CYCLE degree waves.
—From the 2007 high to 2009 low, a SUPERCYCLE-(II) bear market halved the bull market (i.e. a -55% decline, approx equal to other historical declines).
—A 75 year SUPERCYCLE bull market, corrected by a 2 year SUPERCYCLE bear market.

After BTC completes its first bull market CYCLE, a bear market CYCLE shall follow (i.e. up to a -90% decline, approx equal to other historical declines).
Afterwards, whether a new bull market CYCLE starts again, is anybody's guess..?
hero member
Activity: 1029
Merit: 712
January 05, 2022, 05:11:00 AM
#10
Or could it be that it simply doesn’t follow a wave cycle?

How did last year’s thread/prediction play out? “If” I’m reading it correctly it forecast $200k for December 2021.

I love reading these predictions (and would definitely be delighted if they came true) but really … ? … does anyone ever go back and say “This is what it forecast, X; this is what we saw, Y”?
hero member
Activity: 826
Merit: 532
January 05, 2022, 04:45:30 AM
#9
What if the November high was the beginning of the bear cycle? It is not impossible.

If we see a new maximum in the coming months, this cycle would have been significantly longer than the previous ones, also leaving much less time for the subsequent bearish cycle before the next halving of 2024.

That is, if we expect a PRIMARY [5] to culminate CYCLE I, the subsequent CYCLE II would have a very short duration relative to the impulse it corrects.

CYCLE I ---> 11 years
CYCLE II ---> <2 years

It's not what anyone wants to read, not even me. I'm not short, far from it. It is that the times would not fit.
sr. member
Activity: 571
Merit: 284
January 03, 2022, 07:09:15 AM
#8
Been waiting for this awesome thread, thank you Steve.
Do you keep the bull scenario more likely due to eth's strong hold?
Keeping the bull scenario simply because there appears to be insufficient waves to complete the waveset.
full member
Activity: 161
Merit: 175
Hello World!
January 03, 2022, 06:45:04 AM
#7
Been waiting for this awesome thread, thank you Steve.
Do you keep the bull scenario more likely due to eth's strong hold?
sr. member
Activity: 571
Merit: 284
January 02, 2022, 01:00:52 PM
#6
why is ETH an ABC? shouldn't it start with a 12345 impulse?
Insufficient historical data. Appears to be just three waves since 2015 launch. Either wave-5 or wave-C uptrend is underway from the 2018 low.
hero member
Activity: 826
Merit: 532
January 02, 2022, 12:23:25 PM
#5
ETH/USD


why is ETH an ABC? shouldn't it start with a 12345 impulse?
sr. member
Activity: 571
Merit: 284
January 01, 2022, 01:34:36 PM
#4
DJIA 30



sr. member
Activity: 571
Merit: 284
January 01, 2022, 01:29:20 PM
#3
ETH/USD

sr. member
Activity: 571
Merit: 284
January 01, 2022, 01:17:14 PM
#2
BTC/USD





PRIMARY degree waves...

Code:
PRIMARY Wave [1]: The first bull market wave 2010-2013 (1148 days)
PRIMARY Wave [2]: The first bear market wave 2013-2015 (413 days)
PRIMARY Wave [3]: The second bull market wave 2015-2018 (1064 days)
PRIMARY Wave [4]: The second bear market wave 2018-2019 (364 days)
PRIMARY Wave [5]: The third and final bull market wave 2019-?


Magnitude of bull market impulsive waves which progress the trend...

Code:
PRIMARY Wave [1] = 1178  points, 3666017%
PRIMARY Wave [3] = 19601 points, 11961%
PRIMARY Wave [5] = 65878 points, 2110% (thus far)

Fibonacci-based projection target zones for PRIMARY[5] wave, using BLX:BNC 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%
sr. member
Activity: 571
Merit: 284
January 01, 2022, 01:06:10 PM
#1
2022 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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