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While EW is intriguing, I've ALWAYS found it to be the case where the interpretation is "It's either x and it's about to go UP or its really Y and its about to go down". Seems like more of a tool for either justifying one's opinion / theory on direction, or to try to explain what's already occurred.
Ice, you ever heard of Turtle Trading? 
That's my personal fav strategy at this moment
i havent heard of it. if you have time please explain it. thanks That's my personal fav strategy at this momentSure, what I'll do is upload a good lecture of it onto YouTube and send you the unlisted link. There used to be a good account 'FooledByRandomness' up on YouTube, but it was removed! Thankfully I downloaded the most pertinent lecture that has helped me personally the most. I'll send it your way today and you can tell me what you think.
a little update... it wants to go parabolic
iceice, your 1 and 2 seem to be way out of proportion, time-wise, with the (developing) 3. Maybe 1 is where you put your i?
iceice, just a word of caution: every time I found myself counting multiple 1s and 2s, waiting for a third of a third of a third, I ended up realising my count was wrong... I don't say this is the case here, because I haven't done the measurements, just sharing my (painful) experience!
thats if you assume bitcoin will go down
Just mirror it if you assume it will go up
Nice posts man. I have been studying trading for hmm, about 6 months now! Do you find Elliot Wave Theory and Fibonnaci Retracements to offer insight? I haven't invested the time into becoming an expert on either of them, although I'm quite familiar with the concepts.
wow are you seriously looking at charts... do you know TA is useless and will lose you money 50 the time.. so useless.
As any seasoned investor knows, it doesn't matter what percentage of time you lose money. It's all about how much you make or lose in each trade. I've been using EWA for years and I can confirm that you're right: about 50% of my trades have been unsuccessful. But if I lose a dollar 50% of the time and I make three in the other 50%, I'm much better off in the end, thank you!
But, seriously now, if you're not interested in 'seriously looking at charts', why are you reading this thread?
zooming in on wave A shows it's a diagonal triangle type 2 since this is wave A. notice how wave 4 and 1 overlap
diagonal is not a 5th wave or a C wave so no violent change in direction
if someone knows where wave B maximum retracement level after such diagonal triangle forms please post. i assume B wave retraces similar to a zigzag = 61.8% maximum
diagonal is not a 5th wave or a C wave so no violent change in direction
if someone knows where wave B maximum retracement level after such diagonal triangle forms please post. i assume B wave retraces similar to a zigzag = 61.8% maximum
It cannot be a diagonal: these occur at the END of a trend, not as first waves! Plus, wave 3 seems go bottom lower than wave 5!
Having said that, you OP analysis looks plausible. It's just that A is more probably an a-b-c wave than an impulse.
here's my ew analysis of btc. please post your chart or comment. thank you
This is what you think it will happen? Or what you WANT to happen ?
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