EW
Bitcoin Price Prediction 2021 Elliott WaveHere is update to my Elliott Wave count for Bitcoin price of 2020, the count can potentially predict 2021.
In past we had Panic Phase, I think from November 2019, March 2020 (COVID crisis) till late May 2020 (Halving Worries).
I think right now we going trough Media Attention phase, from many places we can see news, articles, videos about Bitcoin, Mining and Cryptocurrencies. This topics covering investing, breakeven of the mining (retail), farming, and earnings from DeFi projects, etc.
After breakout from 20k, we see a new wave of traders joined the market, as well as old ones coming back to breakeven from losses, or making good profits.
I think we might retest 20k or below as possible Demand Zone for 2021. On chart the explanation for Spot Buy.
Best regards,
Artem Shevelev
Nasdaq (USTech100) long term viewWhat we see here is a corrective 5th wave. This is possible on the basis of the updated rules. The minimum target for the following correction is the 38.2 RT of the hole upward impuls.
XCUUSD (Copper)Maybe the red (2) is already finished but it's also possible that there is a Y wave to the downside is missing.
ALIBABA forming an ending diagonalAlibaba is forming an ending diagonal in 5 waves, in a minor degree subdivided in 3 waves. There is also a good CRV now for an entry to going long with a target at 370.
GER30 (DAX) long term analysisWe see here the Dax since the 1970's. At the beginnig we have a clear 5 wave impulsiv structure. At the beginning of the new Millenium this structure change to a corrective one. But at this time I could count it also as an impuls. The clearest indication for a corrective structe is the Wave from 09/2011 to 05/2014. I do my best to count this wave as an impuls but it was not possible. Nevertheless the market rise in this time. The only logical interpretation was for me that the Dax is from it's beginning in a corrective structure. The most important question now is whether the coronalow is already the connecting X to the next rising wxy (38.2 RT was hit) or whether the market has just completed a W and we can still expect a Y, which brings a new low.
DXY Crash upcomingHi guys, we're expecting a huge fall on DXY to begin, invalidation points are known for EWA traders so good luck!
