Disliked{quote} By the way after the LL 3-4 to .382 you mentioned, I found the previous dance step the AB 1-2 Interesting how the B is a trump. I remember when on the first chart we were both seeing waves up and a correction over. I develop everytime as a potential 5 wave impulse if looked at on the "wrong TF" Then a sharp subwave down to the begining of c of B, and your alligator snout sideway toward the end of 1. Followed by a sharp and short 2 to the .618 fib of 1. I didn't explain more what I meant about your triangle yesterday, but in all those...Ignored
your observation about the triangles is interesting - so there is a pattern in the Fib ratios too... The reason I did those geometric shapes and used color coding instead was to get away from the framework of "measure" and correct count and tried to just focus on 1. what action does price do in this zone, and 2. what is the outcome of that action (reaches a TL or moves sideways).
When you mentioned that there was a relationship in the triangles areas and sum of their sides to a previous triangle, i was surprized because i just drew the shapes freehand without measure or care for how accurately they contained price. So it was like i tried to do the opposite of what i usually do and when you pointed out the relationship i realized the result was measureable! I was a bit confuzed by that and didn't know what to say!
I see you're doing the same in the charts attached to your last post: labeling the pattern and not using the EW wave count. It's useful to look at price like that - we've discussed this AB-1-2 shape many times before without being able to deconstruct it or get a handle on it. EW doesn't help because the EW labels are awkward (in this BTC case) and doesn't allow anything to jump off the page and say: "down, sideways, drop, retrace [repeat]"
It's all about this thing we're seeing: there is a logical engine (i keep thinking, DNA) behind the Bitcoin price that makes it do this AB-1-2. And just like you said yesterday, there is a moment following decline when suddenly (or gradually?) the 1-2 to the downside swaps functions with the AB and starts advancing. I think you said "the next wave will break the rule and start advancing". It was all too much for me yesterday due to my brain being tired, but now i'm excited that conversation is back on this phenomenon.
The guy at Elliottwave Reboot always says "a triangle and a diagonal have the same internal substructure - only their function is different".
Somewhere toward the end of trend the B-waves must be magically transforming wave function... or something like that...
cryptocurrency everytime