Longterm ElliottWaves Bitcoin
Based on the market cycles since 2013, there are 2 major market cycles we can watch each with a halving event.
I can't predict 100% the future, but my targets may be close with low accuracy to real price discovery in the future market cycle after the 3 Bitcoin halving in 2020.
2013 ATH: Dominant trend ElliottWave 5
2014 Downtrend: AB Corrective
2015 Bottom: C Corrective, Trend Reversal, End of bear market, Dominant Trend ElliottWave 1
2016 Halving: Uptrend, Dominant Trend ElliottWave 1 continues, ElliottWave 2 Corrective Wave
2017 ATH: Dominant Trend ElliottWave 3, 4, 5.
Market Cycle Similarities:
2013 - 2017 ATH
2014 - 2018 Beginning of a Bear Market
2015 - 2019 Price Bottom, Trend Reversal
2016 - 2020 Halving
2017 - 2021 End of Bull Market: ATH.
So far Market cycle repeats, waiting for halving.
Elliott Waves prices applied since 2013
2013: ElliottWave 5 ~1200$, End of Dominant Trend
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2014: Downtrend: ElliottWave A down to 400$, B corrective up to 660$, WaveC.
2015: End of Downtrend: ElliottWave C down to 200$, Bottom. Dominant Trend ElliottWave1: 5 Wave Pattern, Wave1 490$
2016: Dominant Trend: ElliottWave1: 5 Wave Pattern, Wave2 350$, Wave3 750$, Wave4: correction down to 500$
2017: Dominant Trend: ElliottWave1: 5 Wave Pattern, Wave5 2900$, ElliottWave2 ABC forming, A 2000$, B 2600$, C 1800$, ElliottWave3 up to 7200$, ElliottWave4 5000$, ElliottWave5 20,000$
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2018: Downtrend: ABC pattern, Wave A - 6400$, Wave B - 9900$, WaveC.
2019: End of Downtrend: Wave C - 3200$, Dominant Trend: ElliottWave1: 5 Wave Pattern, 1 Wave - 13700$, Wave2 Correction Price Discovery 6000$ - 8000$
2020: Dominant Trend: #ElliottWave1: 5 Wave Pattern, Wave2 ~7000$, Wave3 ~17,000$, 4 Wave: ~12,000$
2021: Dominant Trend: ElliottWave1: 5 Wave Pattern, Wave5 ~30,000$, ElliottWave2 ABC forming, A 21,000$, B 27,000$, C 19,000$, ElliottWave3 up to 75,000$, ElliottWave4 55,000$, ElliottWave5 180,000$ - 390,000$
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2022: End of Dominant Trend
I can't predict 100% the future, but my targets may be close with low accuracy to real price discovery in the future market cycle after the 3 Bitcoin halving in 2020.
2013 ATH: Dominant trend ElliottWave 5
2014 Downtrend: AB Corrective
2015 Bottom: C Corrective, Trend Reversal, End of bear market, Dominant Trend ElliottWave 1
2016 Halving: Uptrend, Dominant Trend ElliottWave 1 continues, ElliottWave 2 Corrective Wave
2017 ATH: Dominant Trend ElliottWave 3, 4, 5.
Market Cycle Similarities:
2013 - 2017 ATH
2014 - 2018 Beginning of a Bear Market
2015 - 2019 Price Bottom, Trend Reversal
2016 - 2020 Halving
2017 - 2021 End of Bull Market: ATH.
So far Market cycle repeats, waiting for halving.
Elliott Waves prices applied since 2013
2013: ElliottWave 5 ~1200$, End of Dominant Trend
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2014: Downtrend: ElliottWave A down to 400$, B corrective up to 660$, WaveC.
2015: End of Downtrend: ElliottWave C down to 200$, Bottom. Dominant Trend ElliottWave1: 5 Wave Pattern, Wave1 490$
2016: Dominant Trend: ElliottWave1: 5 Wave Pattern, Wave2 350$, Wave3 750$, Wave4: correction down to 500$
2017: Dominant Trend: ElliottWave1: 5 Wave Pattern, Wave5 2900$, ElliottWave2 ABC forming, A 2000$, B 2600$, C 1800$, ElliottWave3 up to 7200$, ElliottWave4 5000$, ElliottWave5 20,000$
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2018: Downtrend: ABC pattern, Wave A - 6400$, Wave B - 9900$, WaveC.
2019: End of Downtrend: Wave C - 3200$, Dominant Trend: ElliottWave1: 5 Wave Pattern, 1 Wave - 13700$, Wave2 Correction Price Discovery 6000$ - 8000$
2020: Dominant Trend: #ElliottWave1: 5 Wave Pattern, Wave2 ~7000$, Wave3 ~17,000$, 4 Wave: ~12,000$
2021: Dominant Trend: ElliottWave1: 5 Wave Pattern, Wave5 ~30,000$, ElliottWave2 ABC forming, A 21,000$, B 27,000$, C 19,000$, ElliottWave3 up to 75,000$, ElliottWave4 55,000$, ElliottWave5 180,000$ - 390,000$
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2022: End of Dominant Trend
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