Bitcoin Liquid Index

These are the major Elliot Waves for Bitcoin since 2010

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The following are the major Elliot Waves from Bitcoin since it started trading on the exchanges in 2010. Understanding the Elliot waves for Bitcoin brings an understanding of the volatility of the market and a long term perspective. I have included the Bitcoin "log growth curves" indicator by Quantadelic since it illustrates top and bottoms for bull and bear Bitcoin markets quite accurately and projects where major waves might end in the future as far as time and price.

Wave Date BLX % Time (months)
(0) 7/25/10 $0.05 - -
(1) 11/6/10 $0.49 880% 3.4
(2) 12/7/10 $0.17 -65.3% 1.0
(3) 2/10/11 $1.10 547% 2.1
(4) 4/4/11 $0.58 -47.3% 1.8
1 (5) 6/8/11 $31.90 5400% 2.1
2 11/18/11 $2.01 -93.7% 5.3
(1) 1/8/12 $7.19 258% 1.7
(2) 1/31/12 $3.80 -47.1% 0.8
(3) 4/10/13 $268.67 6970% 14.3
3 (5) 7/6/13 $65.00 -75.8% 2.9
4 1/14/15 $163.88 -86.1% 13.5
(1) 11/4/15 $501.22 206% 9.7
(2) 1/16/16 $354.09 -29.4% 2.4
(3) 6/12/17 $2984.90 743% 4.9
(4) 7/16/17 $1814.76 -39.2% 1.1
I 5 (5) 12/17/17 $19764.51 989% 5.0
II 12/15/18 $3148.33 -84.1% 12.0
(1) 6/26/19 $13831.41 339% 6.4
(2) 3/13/20 $3941.21 -71.5% 8.5
(3) 4/14/21 $64840.36 1545% 13.0

The following is approximately the prices and the dates for the next two intermediate waves to complete this bull market:
(4) 8/1/21? $25200? -61.1%? 3.6?
(5) 5/25/21? $170,000? 575%? 9.8?
The (4) intermediate wave should end in a few weeks. I am expecting Bitcoin to hit the golden pocket (61.8% to 65%) retrace of the (3) intermediate wave move from $3941 to $64840. It doesn't have to, but Bitcoin does like to hit golden pockets on retracements.
The timing for the 5th intermediate wave is taking Ken Standfield's bull market top date which includes lengthening bull market cycles. The price, however, is taking the Bitcoin "low growth curves" indicator by Quantadelic which estimates the top of the curves on 5/25/21 at about $170,000.

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