Quote from: ImThour on Today at 06:05:36 AM

What's the point of changing the chart everyday? Last post says Uptrend starts from $42k and now this post says the price to come to 0.618 i.e. $25k.
This ain't Elliot if you changing it every month lol.

Impossible to predict the future entirely. If one could, then there would be no free will..!

No forecast is omnipotent, omniscient and omnipresent. As new data arrives and events unfold, the situation is required to be reassessed and revised.

Elliott Wave provides potentialities based on current and historical metrics. And based on those metrics, the most probable scenarios are anticipated within a theory of rules. A roadmap is devised, but the route and journey can take many twists & turns, be delayed or hurried. And of course, one's interpretation of the theory of rules could be flawed.

The current long-term anticipation is expecting the bull market to resume imminently, unfold in five waves, and perhaps conclude by 2023, with a price target of either $136K, $220K or $370K. As and when the waves develop, either extend or truncate, revisions are required.

The current short-term anticipation is expecting the market to have already bottomed around $30K, or decline further to $28K or $25K zones —all based on Fibonacci derivations as illustrated on the second chart. Sub $25K starts to require a reassessment of the entire long-term roadmap.