An Elliott Waves Checker

Elliott Waves have rules. Read the book. Apply them.
Not Financial Advice.

[An Elliott Waves Checker @EWChecker]

@decodejar This is my current preferred count. I believe no rule is broken.

[An Elliott Waves Checker @EWChecker]

@UKTR15 @AlemzadehC I deleted a reply saying my last count is still valid, but it's actually been a long time since I updated. I'll try to post an updated, presentable chart when I've got time!

[An Elliott Waves Checker @EWChecker]

@longtermdaily @AlemzadehC Awful.

https://t.co/6MVU8M7WnW

[An Elliott Waves Checker @EWChecker]

@AlemzadehC That is not even close to a valid EW analysis.

- Your 3rd is the smallest. I could accept the argument of "It was early" if w1 and w3 were at least close.
- In your ending diagonal, w2 does not seem to be a zigzag, and w4 is definitely not a zigzag. All subwaves must be zigzags.

[An Elliott Waves Checker @EWChecker]

@Ludox07 @AlemzadehC Because EW works on the assumption that markets are (on a large scale) in a perpetual growth. It does involve temporary sideways movements though.

[An Elliott Waves Checker @EWChecker]

@TraderRWarthog @AlemzadehC Thank you.

[An Elliott Waves Checker @EWChecker]

@0x1ee7 @AlemzadehC That is false. W2 usually retraces deep, but it does not have to. There is no rule broken with shallow W2. There is actually plenty of examples of W2s with shallow retracements.

[An Elliott Waves Checker @EWChecker]

@AnalysisElliott @AlemzadehC That is definitely a valid possibility. But tbh it's way too early to know which high degree count is the right one. Could also be a series of three 1/2 for instance.

[An Elliott Waves Checker @EWChecker]

@UKTR15 @AlemzadehC It does come with time estimations, but that's definitely not where it excels. I would personally never base anything off timings estimated through Elliott Waves. Only price levels.

[An Elliott Waves Checker @EWChecker]

@longtermdaily @AlemzadehC It actually follows very strict rules. Unfortunately clowns violate them all the time, creating that impression of looseness.

[An Elliott Waves Checker @EWChecker]

@AlemzadehC That is not even close to a valid EW analysis.

- Your 3rd is the smallest. I could accept the argument of "It was early" if w1 and w3 were at least close.
- In your ending diagonal, w2 does not seem to be a zigzag, and w4 is definitely not a zigzag. All subwaves must be zigzags.

[An Elliott Waves Checker @EWChecker]

@cryptomaximus78 How do you subdivide A?

[An Elliott Waves Checker @EWChecker]

@DaraSmithy @decodejar Apologies! I did not understand that you were talking specifically to this scenario.

[An Elliott Waves Checker @EWChecker]

@DaraSmithy @decodejar Wave 5 doesn't have to be smaller than wave 3. It usually is the case, but it can also have the same length, or even be longer.

[An Elliott Waves Checker @EWChecker]

@FedorWerdum88 @GertvanLagen @therationalroot @Coins_Kid @TheRealPlanC @AurelienOhayon @OnChainCollege @CredibleCrypto @KevinSvenson_ What rule is it against?

[An Elliott Waves Checker @EWChecker]

@decodejar Completely agree.
MA crosses are overrated. The raw purpose of MAs is to give a smooth impression of the current trend, to help identify trends. Slope matters most.

[An Elliott Waves Checker @EWChecker]

@Saajaz1 @AlemzadehC Your 2 and your 4 are way too disproportionate. EW are not flexible enough to fit whatever count you want to see.

[An Elliott Waves Checker @EWChecker]

@AlemzadehC What the absolute fuck am I looking at.

Funny enough, you mention a valid option for this setup (expanded flat), but you have no idea how to actually place the subwaves.

[An Elliott Waves Checker @EWChecker]

Looking at #ETH and the recent drop in price, it is pretty clear to me that the green waves are valid, and the orange ones are most likely. I'm expecting it to drop further. Around $1450 seems likely.

[An Elliott Waves Checker @EWChecker]

There is a strong possibility that we do not correct before seeing another big spike up in many cryptos.

Why? Because many of them are currently showing a series of what likely is W1-W2s. RUNE has them beautifully made.

And others didn't even care about the current range (FTM)

[An Elliott Waves Checker @EWChecker]

@CryptoRebelnl So simple. Yet so few can honestly say they trade by this rule.

[An Elliott Waves Checker @EWChecker]

@SaichowB @Ashcryptoreal Could definitely be photoshoped, I mean, this is CT after all.

But these 'photoshop scars' are called compression artifacts, and happen on most images you see on internet.