Quote from: bbc.reporter on Today at 03:11:03 AM

My question is on this elliot waves. Will this always depend on what the market is doing presently or are these predictions real predictions where it can say where or what the market will do on the next 6 months?

If the expert eliot waves predictors change their predictions depending on what might presently occur on the market, can they declare always that the elliot waves really is a good market indicator?

There is no such accurate prediction indicator or model of any event in this world: nor weather, nor sporting events, nor genetic mutations, nor elections results, nor stock prices.
If forecasting and prediction was 100% accurate, and if all the outcomes of all events could be known and calculated in advance, then there would be no free-will.

Like all prediction models, the Elliott Wave theory provides probabilistic outcomes; whereby, the forecast is monitored and adjusted to incoming data.
Successful trading is largely based on account management; i.e. stop-losses and limits, balancing margin and hedging.

For now, the Elliott Wave model presented here suggests Bitcoin may decline to $50,000 to $60,000 during 3Q-4Q of 2025, and then, the bull market resumes.
If however, Bitcoin advances in an impulsive five-wave structure beyond $114,000 with a weekly close, then it may suggest the bull market is already resuming.