With bitcoin I got used to expect the unexpected.

sorry if i some how miss the nomenclature but what does "historical 3" mean?

mean ,CUT your LOSSES while you can 

I only know Elliot Wave Theory by ear, but I know "historical 3" does not mean that. It means that "1" was the whole life of Bitcoin until $1160, "2" was the bear market we would have just finished, and there would be two more growth spurts, "3" and "5", each of which would reach ever higher prices, with a bear market in between, "4".

The "historical count" in EW is the highest level count that encompasses all of the history.

No, but the count predicts what the future holds.  I don't know if it is right or not.  No one does.  But if we did just complete "historical 2" than "historical 3" next.

Right? It works until it doesn't anymore.

Historical Elliott-Wave 1 was 1163; Wave 2 completed below 300 and Wave 3 will end above 1163.

So I guess my question is what changed his thinking that we were in 3 last November to we might just be starting 3?