+1 on the ignore. This is one of my favourite threads.  Thanks Luc.

This was indeed a great call from him, but...

Despite all the respect I have for masterluc/lucif and the great stuff he's taking care to share with us. You should know that everybody make mistakes and, like every of us, he already made some in the past like beeing a long lasting bear between december 2012 -february 2013[1] missing a big part of the first bubble of 2013 (i.e. short between 13 to 25$ and more)

I just wanted to remember that to the person who are blindly glorifying masterluc as the "chosen one" guru. At some point you could end complaining like this guy: https://bt.irlbtc.com/view/131065.msg1521185#msg1521185

And yeah it's part of the game. Do your homeworks first !!

[1] Check the 35 first pages of the first version of this thread called "yet another analyst" started by lucif/masterluc.
https://bt.irlbtc.com/view/131065

Anyone who thinks any specific speculator on this forum is some kind of prophet and is always right is just too brainless for this game. I've seen many noobs worship someone who has made one or two good predictions on this forum, and then later on they get severely burned for blindly following their analysis to the letter. I've seen not one analyst making constant good predictions, the market is simply too unpredictable for that. What separates the good traders from the bad is good risk management and proper trade setups, not how well they can draw charts and make accurate predictions. Look at the trade simulator and see how many times people sell or buy at the wrong time, even the ones at the top make many mistakes. You just have to know when you are wrong. That said masterluc did make a few great calls in the past and he does seem to have a very keen market intuition, also I think he has grown and learned a lot since the beginning of 2013. But this doesn't mean he always is correct of course.

Sorry to hear that Lucif. Know that you are not alone with the burden that comes with such an experience. Thanks for doing what you do.

I'm really sorry to hear that.

To make it clear and to be honest. Back in 2012 with your insights you gave me the envy of beeing a professionnal trader back in the days. Which I am now, so I can't thank as much as I can. I just wanted to make it clear, that some people needs to learn the hardway by themself and should not take anybody else advice as granted.

in luc's option wave 2 is too short, bear market can not be wave 2, maybe wave 4, but imo ryn's option where 166 was wave A bottom and now we are having wave B is the most likely option, so 50-62% retrace from 1100 is the most likely target, or even just 38%, though it could make even smallish HH

http://www.tradingfives.com/articles/elliott-wave-guide.htm

here is a chart from RyNinDaCleM

What do you mean, this time?

Possible but unlikely. Agree with him, that the next move is up to ~700 - after that correction to 400.

B is usually 50-100% of A so that can realize faster. This chart has been here before. I would not post it otherwise.

Yeah that ABC correction doesn't look possible given the block reward halving and increasing global financial instability. Is Wave 2 really so short as to make this ABC chart more plausible?