2021 Elliott Wave - page 6. | Bitcointalksearch.org

xxxx123abcxxxx

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Quote from: josegines on March 30, 2021, 05:19:50 PM

Quote from: xxxx123abcxxxx on March 30, 2021, 01:52:01 PM

Quote from: josegines on March 30, 2021, 03:23:54 AM

I am not a specialist in elliot, but without understanding how (2) can be almost on the same level as [4]. What I see more logical is that (2) is actually the end of [4]

Anyway, thank you very much for the follow-up you do.

NOV/DEC 2020 and FEB/MAR 2021 are similar price fractals, see here:

I was talking about the Primary wave [4]

That would imply the rise from the low of 2018 to the top of 2019 is wave a B-wave as part of PRIMARY[4] wave.

B-waves are corrective three wave structures.

The rise from 2018 to 2019 is an impulsive five wave parabolical structure. Character and magnitude of such waves are classic motive waves in Bitcoin.

The 2015 and 2019 bull markets began with similar price fractals, see here:

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Quote from: xxxx123abcxxxx on March 30, 2021, 01:52:01 PM

Quote from: josegines on March 30, 2021, 03:23:54 AM

I am not a specialist in elliot, but without understanding how (2) can be almost on the same level as [4]. What I see more logical is that (2) is actually the end of [4]

Anyway, thank you very much for the follow-up you do.

NOV/DEC 2020 and FEB/MAR 2021 are similar price fractals, see here:

I was talking about the Primary wave [4]

xxxx123abcxxxx

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Quote from: josegines on March 30, 2021, 03:23:54 AM

I am not a specialist in elliot, but without understanding how (2) can be almost on the same level as [4]. What I see more logical is that (2) is actually the end of [4]

Anyway, thank you very much for the follow-up you do.

NOV/DEC 2020 and FEB/MAR 2021 are similar price fractals, see here:

josegines

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Quote from: xxxx123abcxxxx on March 29, 2021, 11:08:00 AM

I am not a specialist in elliot, but without understanding how (2) can be almost on the same level as [4]. What I see more logical is that (2) is actually the end of [4]

Anyway, thank you very much for the follow-up you do.

xxxx123abcxxxx

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Activity: 559

Merit: 281

xxxx123abcxxxx

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Activity: 559

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Quote from: MiningBattalion on March 18, 2021, 01:17:46 PM

As you probably know, Elliott wave patterns range from tiny ones that cover the span of just a few minutes all the up to patterns that span centuries.And the same Fibonacci proportions also begin to point to the year 2021 as a very important moment in financial history.That's what Elliott wave fans mean when they say that the financial market are fractal,A lot! For one, clear Fibonacci proportions begin to emerge between multi-decade historical periods.

Fibonacci-based resistance zones outlined here:
https://www.reddit.com/r/BitcoinMarkets/comments/kkhby9/2021_elliott_wave/

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Quote from: xxxx123abcxxxx on March 17, 2021, 03:53:32 PM

As you probably know, Elliott wave patterns range from tiny ones that cover the span of just a few minutes all the up to patterns that span centuries.And the same Fibonacci proportions also begin to point to the year 2021 as a very important moment in financial history.That's what Elliott wave fans mean when they say that the financial market are fractal,A lot! For one, clear Fibonacci proportions begin to emerge between multi-decade historical periods.

xxxx123abcxxxx

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xxxx123abcxxxx

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CRYPTO MINING STOCKS

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Quote from: Wilhelm on March 05, 2021, 04:57:43 AM

So dip to 40k and off to >60k.
Yup March will suck like each year.... Grin

Yes, that is the current thinking at the moment.
A move beyond 53K from here may be a start for the flip back to bullish bias.

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So dip to 40k and off to >60k.
Yup March will suck like each year.... Grin

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Quote from: LUCKMCFLY on February 22, 2021, 01:10:57 AM

I have a peculiarity, I always analyze the market with the Wyckoff method, but when we are in trend either bullish or bearish, I like to analyze these trends with Elliot waves, so I have verified in many more graphs that it is true. I like the approach you show, I think a lot can be done doing the analysis to weeks and days using Elliot, it would give level 1A information.

Unfamiliar with the Wyckoff method. But would imagine the "Oversold/Accumulation" phase to correspond with the first/second Elliott Waves, the "Markup" phase to correspond with the third Elliott Wave, and the "Overbought/Distribution" phase corresponding to the fourth/fifth Elliott Wave.

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I have a peculiarity, I always analyze the market with the Wyckoff method, but when we are in trend either bullish or bearish, I like to analyze these trends with Elliot waves, so I have verified in many more graphs that it is true. I like the approach you show, I think a lot can be done doing the analysis to weeks and days using Elliot, it would give level 1A information.

xxxx123abcxxxx

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xxxx123abcxxxx

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Quote from: CookieFactory on February 19, 2021, 05:37:27 AM

Quote from: xxxx123abcxxxx on February 10, 2021, 01:49:36 AM

Quote from: CookieFactory on February 09, 2021, 11:58:39 AM

On a more abstract note, the iconic Elliott Wave 5-3 fractal pattern can be used on everything from price action to our lives as human beings, and everything humanity touches. Nothing goes up in a straight line and natural growth is always 3 steps forward, two steps back. Not to get woo-woo, but it's increasingly clear (at least to me) that the Elliott Wave pattern is deeply embedded in human psychology, affecting everything from who we are and how our lives unfold, to the things we touch and create.

While I'm 100% on board with Elliott Wave theory holding interpretative power, I'm not fully convinced in its predictive power, especially when the resolution gets down into the lower cycles (minor, minute, minuette, etc). At this level it seems our hard-wired pattern-seeking brains are simply trying to wring signal from noise, claiming meaning from randomness. I'm open to be convinced otherwise though.

To this day I'm still impressed with the accuracy of OP's earlier 2019 Cryptocurrency (Elliott Wave) thread. Masterful work. Glad to see the effort continues here. This thread is one of the handful of reasons I make it a point to visit this forum on a regular basis.

An interesting video you may enjoy:
https://socionomics.net/2021/02/historys-hidden-engine-a-socionomics-documentary/

Thanks for that - I had no idea there was an actual field of study on this. Are you aware of any discussion forums or have any other resource recommendations for learning more?

It appears other than the original Elliott Wave theory, all material on socionomics is relatively recent so we probably can't expect a mainstream breakthrough for another decade or so (based off the observation that new science takes roughly 20 years to gain general acceptance). The sooner mainstream economics stops modeling humans as perfectly rational actors the better Wink

Similar and related area of study you may find interesting is "The Fourth Turning"...

https://www.fourthturning.com/
https://en.wikipedia.org/wiki/Strauss%E2%80%93Howe_generational_theory
https://www.businessinsider.com/protests-coronavirus-crisis-fourth-turning-theory-millennials-boomers-2020-6

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Back in Bitcoin land, it was mentioned earlier but I'm in agreement the ~61K level is one to watch. My current operating assumption is it'll be a local top.

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Quote from: xxxx123abcxxxx on February 10, 2021, 01:49:36 AM

Quote from: CookieFactory on February 09, 2021, 11:58:39 AM

On a more abstract note, the iconic Elliott Wave 5-3 fractal pattern can be used on everything from price action to our lives as human beings, and everything humanity touches. Nothing goes up in a straight line and natural growth is always 3 steps forward, two steps back. Not to get woo-woo, but it's increasingly clear (at least to me) that the Elliott Wave pattern is deeply embedded in human psychology, affecting everything from who we are and how our lives unfold, to the things we touch and create.

While I'm 100% on board with Elliott Wave theory holding interpretative power, I'm not fully convinced in its predictive power, especially when the resolution gets down into the lower cycles (minor, minute, minuette, etc). At this level it seems our hard-wired pattern-seeking brains are simply trying to wring signal from noise, claiming meaning from randomness. I'm open to be convinced otherwise though.

To this day I'm still impressed with the accuracy of OP's earlier 2019 Cryptocurrency (Elliott Wave) thread. Masterful work. Glad to see the effort continues here. This thread is one of the handful of reasons I make it a point to visit this forum on a regular basis.

An interesting video you may enjoy:
https://socionomics.net/2021/02/historys-hidden-engine-a-socionomics-documentary/

Thanks for that - I had no idea there was an actual field of study on this. Are you aware of any discussion forums or have any other resource recommendations for learning more?

It appears other than the original Elliott Wave theory, all material on socionomics is relatively recent so we probably can't expect a mainstream breakthrough for another decade or so (based off the observation that new science takes roughly 20 years to gain general acceptance). The sooner mainstream economics stops modeling humans as perfectly rational actors the better Wink

Topic: 2021 Elliott Wave - page 6. (Read 3688 times)