BitcoinBaily.com

  Corrective Waves Position and Alternation  (Zigzag, Flat, Triangle & Combination) The attached flow chart summarizes the four major corrective wave families in Elliott Wave Theory: Zigzag, Flat, Triangle, and Combination. Zigzag : Includes Single, Double, and Triple Zigzags. A Single Zigzag has a 5-3-5 structure, while Double and Triple Zigzags connect multiple Zigzags through X waves. Zigzags commonly appear in Wave-2, Wave-4, Wave-B, and other corrective positions. Flat : Includes Regular, Expanded, and Running Flats, all based on a 3-3-5 structure. Flats can occur in Wave-2, Wave-4, Wave-B, Wave-X, and several combination positions. Triangle : Includes Contracting, Barrier, Expanding, and Running Triangles, each normally having a 3-3-3-3-3 structure. Triangles commonly occur in Wave-4, Wave-B, Wave-X, and within combinations. Combination : Includes Double Three and Triple Three, which combine corrective structures using W-X-Y or W-X-Y-X-Z formations. Overall, correcti...

 Motive Waves Position and Alternation (Impulse and Diagonal) The above flow chart summarizes the three major Motive Wave patterns in Elliott Wave Theory: Impulse, Contracting Diagonal, and Expanding Diagonal. Impulse : Consists of five waves—1-2-3-4-5—and generally moves in the direction of the larger trend. It can occur as Wave-1, Wave-3, Wave-5, Wave-A of a Zigzag, and Wave-C of a Zigzag or Flat. Wave-1 and Wave-5 may also show alternation in their structure. Contracting Diagonal : A five-wave motive pattern, normally subdividing 3-3-3-3-3, and can appear as either a Leading or Ending Diagonal. It can occur in Wave-1, Wave-5, Wave-A of a Zigzag, or Wave-C of a Zigzag/Flat. Its internal waves may also alternate between different corrective structures. Expanding Diagonal : Similar to a Contracting Diagonal in its Leading/Ending role and 3-3-3-3-3 internal structure, but its trendlines expand rather than contract. It can occupy the same positions as a Contracting Diagonal. In short...

  Elliott Wave Theory is a form of technical analysis that studies market price movements through recurring wave patterns driven by investor psychology. It is broadly divided into two major categories: Motive Waves and Corrective Waves. Motive Waves move in the direction of the larger trend and consist mainly of Impulse and Diagonal patterns.  Corrective Waves move against the larger trend and consist of Zigzags, Flats, Triangles, and Combinations. Using the classification discussed above, Elliott Wave can be organized into 2 major categories, 6 pattern branches, and 15 commonly recognized pattern types.

Explore the interactive Hash Lab & Block Lab and see how blockchain fundamentals work in practice.  Click “Launch” on the lab options below to get started. HASH LABORATORY: Input data  → SHA-256 Hash Compare  →  SHA-256 Hash of Input 1 vs  SHA-256 Hash of Input 2 Launch Hash Laboratory   To see the Avalanche Effect in action, enter a value, generate its hash, then change even a single character and generate the hash again. Notice how dramatically the hash changes.  The Avalanche Effect gives us sensitivity to changes . BLOCK LABORATORY Data Block(Block number + Timestamp + Transactions + Nonce) →  SHA-256 Hash Launch Block Laboratory

UNDERSTANDING HASH FUNCTIONS BEFORE BLOCKCHAIN Hashing is one of the fundamental building blocks of a blockchain. If you understand what a hash does, many blockchain concepts become much easier to understand.  Blockchain = data + hashing + networking + consensus + cryptography Hashing is especially important because it explains how blocks are connected and how changes can be detected . 1. Hash creates a fingerprint of data Suppose a block contains: A hash function takes all this information and produces: 7A3F91C8... is the hash and it represents the contents of the block 1. 2. Hashing is easy to perform forward, but computationally impractical to reverse . But why can't we reverse it?  Because a hash function compresses information . For example, imagine a hash function that takes 10 GB file and produces 256 bits.  So the original information has been massively compressed. There are potentially enormous numbers of different inputs that could produce a 256-bit output. Th...