EW learning/counting topic

[RyNinDaCleM]

Finally got a count on btc which is similar to the one of masterluc (https://bitcointalk.org/index.php?topic=274613.msg15329177#msg15329177)



Any though?

How much is waves B supposed to retrace in a flat correction ? and a zig zag ? I have got forecast for C waves (using fibo retracement, plus previous waves four of one lesser degree) depending on B retracement, but I wanted to know how much one should assume B will retrace ?

Moreover, one issue with this count is that chaneling does not work ? is this a matter or it can happen ?

Personally, I don't think your (1) holds the rules even a little bit. The subwave 3 wouldn't have even made a hh over 1...

Anyway, in a zigzag, wave B should retrace 50-61.8% of A, and flats get deeper retraces, usually 61.8 to 100%. There are sources that say 80%+ is mandatory, but in bitcoin, there are some different dynamics that allow for lesser retraces. Namely the reluctance to do anything iif deep pockets aren't already moving. This is clearly visible in the current down stroke. There wasn't even a 23.6% retrace until the C that then moved ~$200. By that time, it is too late to sell.

Channels aren't always held. China markets hold channels and trend lines better than the west, but they all break down if sideways moves stagnate too long anyway.

[sandiman]

Finally got a count on btc which is similar to the one of masterluc (https://bitcointalk.org/index.php?topic=274613.msg15329177#msg15329177)

img]https://i.imgur.com/h6Y2c9N.png[/img]

Any though?

How much is waves B supposed to retrace in a flat correction ? and a zig zag ? I have got forecast for C waves (using fibo retracement, plus previous waves four of one lesser degree) depending on B retracement, but I wanted to know how much one should assume B will retrace ?

Moreover, one issue with this count is that chaneling does not work ? is this a matter or it can happen ?

Personally, I don't think your (1) holds the rules even a little bit. The subwave 3 wouldn't have even made a hh over 1...

Anyway, in a zigzag, wave B should retrace 50-61.8% of A, and flats get deeper retraces, usually 61.8 to 100%. There are sources that say 80%+ is mandatory, but in bitcoin, there are some different dynamics that allow for lesser retraces. Namely the reluctance to do anything iif deep pockets aren't already moving. This is clearly visible in the current down stroke. There wasn't even a 23.6% retrace until the C that then moved ~$200. By that time, it is too late to sell.

Channels aren't always held. China markets hold channels and trend lines better than the west, but they all break down if sideways moves stagnate too long anyway.

You are right, rules are broken on waves (1), even cross checking amongst several exchange as you already adviced me to do, rules still being broken, so this view doesn't work.

Thank you again for the info from which I am learning a lot. But now I am afraid do someone have a bullish count? I can't find a good way to count after what I see as a C waves in my bullish count is finished, and your count is still being validated as time pass.

Moreover, what do you call the C waves (bold sentence)?

[RyNinDaCleM]

Finally got a count on btc which is similar to the one of masterluc (https://bitcointalk.org/index.php?topic=274613.msg15329177#msg15329177)

img]https://i.imgur.com/h6Y2c9N.png[/img]

Any though?

How much is waves B supposed to retrace in a flat correction ? and a zig zag ? I have got forecast for C waves (using fibo retracement, plus previous waves four of one lesser degree) depending on B retracement, but I wanted to know how much one should assume B will retrace ?

Moreover, one issue with this count is that chaneling does not work ? is this a matter or it can happen ?

Personally, I don't think your (1) holds the rules even a little bit. The subwave 3 wouldn't have even made a hh over 1...

Anyway, in a zigzag, wave B should retrace 50-61.8% of A, and flats get deeper retraces, usually 61.8 to 100%. There are sources that say 80%+ is mandatory, but in bitcoin, there are some different dynamics that allow for lesser retraces. Namely the reluctance to do anything iif deep pockets aren't already moving. This is clearly visible in the current down stroke. There wasn't even a 23.6% retrace until the C that then moved ~$200. By that time, it is too late to sell.

Channels aren't always held. China markets hold channels and trend lines better than the west, but they all break down if sideways moves stagnate too long anyway.

You are right, rules are broken on waves (1), even cross checking amongst several exchange as you already adviced me to do, rules still being broken, so this view doesn't work.

Thank you again for the info from which I am learning a lot. But now I am afraid do someone have a bullish count? I can't find a good way to count after what I see as a C waves in my bullish count is finished, and your count is still being validated as time pass.

Moreover, what do you call the C waves (bold sentence)?

I made this count last night, but now I'm thinking there are more nested waves in there and one more down is possible. It is also possible that this ABC is only making up a larger A

[sandiman]

Finally got a count on btc which is similar to the one of masterluc (https://bitcointalk.org/index.php?topic=274613.msg15329177#msg15329177)

img]https://i.imgur.com/h6Y2c9N.png[/img]

Any though?

How much is waves B supposed to retrace in a flat correction ? and a zig zag ? I have got forecast for C waves (using fibo retracement, plus previous waves four of one lesser degree) depending on B retracement, but I wanted to know how much one should assume B will retrace ?

Moreover, one issue with this count is that chaneling does not work ? is this a matter or it can happen ?

Personally, I don't think your (1) holds the rules even a little bit. The subwave 3 wouldn't have even made a hh over 1...

Anyway, in a zigzag, wave B should retrace 50-61.8% of A, and flats get deeper retraces, usually 61.8 to 100%. There are sources that say 80%+ is mandatory, but in bitcoin, there are some different dynamics that allow for lesser retraces. Namely the reluctance to do anything iif deep pockets aren't already moving. This is clearly visible in the current down stroke. There wasn't even a 23.6% retrace until the C that then moved ~$200. By that time, it is too late to sell.

Channels aren't always held. China markets hold channels and trend lines better than the west, but they all break down if sideways moves stagnate too long anyway.

You are right, rules are broken on waves (1), even cross checking amongst several exchange as you already adviced me to do, rules still being broken, so this view doesn't work.

Thank you again for the info from which I am learning a lot. But now I am afraid do someone have a bullish count? I can't find a good way to count after what I see as a C waves in my bullish count is finished, and your count is still being validated as time pass.

Moreover, what do you call the C waves (bold sentence)?

I made this count last night, but now I'm thinking there are more nested waves in there and one more down is possible. It is also possible that this ABC is only making up a larger A
img]https://i.imgur.com/3bs2IOB.png[/img]

Thank you again RyNinDaCleM. I had a similar count but our current low would be only A even though this one looks better. But is this count nested in your overall bearish picture ? if yes, I may have misunderstood something. When in a bearish market, shouldn't we count 5 impulsive waves when going down and 3 corrective waves while going up?

[RyNinDaCleM]

Finally got a count on btc which is similar to the one of masterluc (https://bitcointalk.org/index.php?topic=274613.msg15329177#msg15329177)

img]https://i.imgur.com/h6Y2c9N.png[/img]

Any though?

How much is waves B supposed to retrace in a flat correction ? and a zig zag ? I have got forecast for C waves (using fibo retracement, plus previous waves four of one lesser degree) depending on B retracement, but I wanted to know how much one should assume B will retrace ?

Moreover, one issue with this count is that chaneling does not work ? is this a matter or it can happen ?

Personally, I don't think your (1) holds the rules even a little bit. The subwave 3 wouldn't have even made a hh over 1...

Anyway, in a zigzag, wave B should retrace 50-61.8% of A, and flats get deeper retraces, usually 61.8 to 100%. There are sources that say 80%+ is mandatory, but in bitcoin, there are some different dynamics that allow for lesser retraces. Namely the reluctance to do anything iif deep pockets aren't already moving. This is clearly visible in the current down stroke. There wasn't even a 23.6% retrace until the C that then moved ~$200. By that time, it is too late to sell.

Channels aren't always held. China markets hold channels and trend lines better than the west, but they all break down if sideways moves stagnate too long anyway.

You are right, rules are broken on waves (1), even cross checking amongst several exchange as you already adviced me to do, rules still being broken, so this view doesn't work.

Thank you again for the info from which I am learning a lot. But now I am afraid do someone have a bullish count? I can't find a good way to count after what I see as a C waves in my bullish count is finished, and your count is still being validated as time pass.

Moreover, what do you call the C waves (bold sentence)?

I made this count last night, but now I'm thinking there are more nested waves in there and one more down is possible. It is also possible that this ABC is only making up a larger A
img]https://i.imgur.com/3bs2IOB.png[/img]

Thank you again RyNinDaCleM. I had a similar count but our current low would be only A even though this one looks better. But is this count nested in your overall bearish picture ? if yes, I may have misunderstood something. When in a bearish market, shouldn't we count 5 impulsive waves when going down and 3 corrective waves while going up?

This count implies more up. This would be either 4 of C of (B) where (B) is the counter trend rally of a prolonged bear market, or (b) of Y of (B) where 504 from November was W, the 6 month triangle was X and the 789 touch was a of Y. Either case has more up, but how much more is yet to be determined. This correction can definitely be much longer and yesterday's low was only A, but much lower really starts to make the C of (B) idea look bad.

By nested, I meant the C down in my chart may have nested waves in it and that the C is not yet complete.

[sandiman]

Finally got a count on btc which is similar to the one of masterluc (https://bitcointalk.org/index.php?topic=274613.msg15329177#msg15329177)

img]https://i.imgur.com/h6Y2c9N.png[/img]

Any though?

How much is waves B supposed to retrace in a flat correction ? and a zig zag ? I have got forecast for C waves (using fibo retracement, plus previous waves four of one lesser degree) depending on B retracement, but I wanted to know how much one should assume B will retrace ?

Moreover, one issue with this count is that chaneling does not work ? is this a matter or it can happen ?

Personally, I don't think your (1) holds the rules even a little bit. The subwave 3 wouldn't have even made a hh over 1...

Anyway, in a zigzag, wave B should retrace 50-61.8% of A, and flats get deeper retraces, usually 61.8 to 100%. There are sources that say 80%+ is mandatory, but in bitcoin, there are some different dynamics that allow for lesser retraces. Namely the reluctance to do anything iif deep pockets aren't already moving. This is clearly visible in the current down stroke. There wasn't even a 23.6% retrace until the C that then moved ~$200. By that time, it is too late to sell.

Channels aren't always held. China markets hold channels and trend lines better than the west, but they all break down if sideways moves stagnate too long anyway.

You are right, rules are broken on waves (1), even cross checking amongst several exchange as you already adviced me to do, rules still being broken, so this view doesn't work.

Thank you again for the info from which I am learning a lot. But now I am afraid do someone have a bullish count? I can't find a good way to count after what I see as a C waves in my bullish count is finished, and your count is still being validated as time pass.

Moreover, what do you call the C waves (bold sentence)?

I made this count last night, but now I'm thinking there are more nested waves in there and one more down is possible. It is also possible that this ABC is only making up a larger A
img]https://i.imgur.com/3bs2IOB.png[/img]

Thank you again RyNinDaCleM. I had a similar count but our current low would be only A even though this one looks better. But is this count nested in your overall bearish picture ? if yes, I may have misunderstood something. When in a bearish market, shouldn't we count 5 impulsive waves when going down and 3 corrective waves while going up?

This count implies more up. This would be either 4 of C of (B) where (B) is the counter trend rally of a prolonged bear market, or (b) of Y of (B) where 504 from November was W, the 6 month triangle was X and the 789 touch was a of Y. Either case has more up, but how much more is yet to be determined. This correction can definitely be much longer and yesterday's low was only A, but much lower really starts to make the C of (B) idea look bad.

By nested, I meant the C down in my chart may have nested waves in it and that the C is not yet complete.

Now I understand, regarding EW, it looks like the month incomming will be crucial for btc holders return.

[sandiman]

Watch out for this, could destroy some bulls

[sandiman]

Any good material to read in order to learn EW ?? I just finished Elder's most famous book, now going through market wizards.

I acquired Glenn Neely book (Mastering Elliot Waves) any critics and other recommendation?

Cheers in advance.