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Let's use Elliott Waves on a price movement of Bitcoin!
Some technical analysts try to profit from wave patterns in the market using the Elliott Wave Theory. This hypothesis says that price movements can be predicted because they move in repeating up-and-down patterns called waves that are created by investor psychology or sentiment.
The theory identifies several different types of waves, including motive waves, impulse waves, and corrective waves. It is subjective, meaning not all traders interpret the theory the same way or agree that it is a successful trading strategy.3
Unlike most other price formations, the whole idea of wave analysis itself does not equate to a regular blueprint formation where you simply follow the instructions. Wave analysis offers insights into trend dynamics and helps you understand price movements in a much deeper way.
More information You can find in my EDU post👇
Let's use Elliott Waves on a price movement of Bitcoin!
Some technical analysts try to profit from wave patterns in the market using the Elliott Wave Theory. This hypothesis says that price movements can be predicted because they move in repeating up-and-down patterns called waves that are created by investor psychology or sentiment.
The theory identifies several different types of waves, including motive waves, impulse waves, and corrective waves. It is subjective, meaning not all traders interpret the theory the same way or agree that it is a successful trading strategy.3
Unlike most other price formations, the whole idea of wave analysis itself does not equate to a regular blueprint formation where you simply follow the instructions. Wave analysis offers insights into trend dynamics and helps you understand price movements in a much deeper way.
More information You can find in my EDU post👇
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Join me in👇🏻:
🚀💣 t.me/+aAADzO1OqsQ2MGI0
💰 I'm using Bybit and I highly recommend it to You. By using my link - You'll get a nice bonus
www.bybit.com/invite?ref=7X0W2A