Do you think it's possible that the drop from the high to $30k is wave 1, 2, and 3 (instead of abc) and we are currently consolidating on wave 4 waiting for another wave down?

Do you see the current correction as a wave 4 correction?

However, with Elliott waves, there will eventually there will be impulse waves after the correction is over. With impulse waves, we assume that the price goes up forever in the long run. In the long run,

However, with a pair like LTC/BTC, there are no clear larger fractals since the prices just keeps oscillating without any clear direction. It would be hard to put a impulse wave count on the longer time

I've seen people do Elliott Waves on BTC pairs. However, the price vs BTC often comes and goes in nondirectional cycles, so I don't think that using Elliott waves would be valid. What is your opinion on

What books or resources would you recommend for Elliott Waves?

Thanks for the explanation. It really clears things up. I searched up the rules about triangles in the Prechter's book. Triangles can occur in the second wave but are extremely rare.

What factors would help us determine whether this leg down will be an ABC, WXY, or leg C of some sort of triangle?

How do we know that this is the start of an impulse wave and not the A wave of an ABC correction?

How do we invest in this site without actually gambling? Where can we buy bet tokens?

Could you explain how you calculate the index?

Great analysis! How did you get the 6700 retracement level?

According to your count, Bitcoin had an extended fifth wave. Usually during 5th wave extensions, the price only retraces to sub-wave 2 of the 5th wave, not the 4th wave. In addition, the ABC correction

Very nice analysis of support and resistance.

Could you explain why?

You post all these possible counts, which is necessary to be a successful analyst, but in your opinion, what is the most likely count?

A symmetrical triangle and the MACD triangle indicate that a massive price action is happening -either huge price pump or massive price crash. However, Haejin believes that a massive bear market to the

A rising wedge is indeed bearish. However, he is saying there are more bullish signs -inverse head and shoulders and the Elliott Wave count- than the bearish signs. Although most rising wedges break down,

Thanks for putting all these info in one place!

Please don't borrow money to trade. You can never be certain if you will win.