Crypto Technical (Trading and Stablecoin)
- What is Elliott Wave Theory, and how to use it in crypto?
What is Elliott Wave Theory, and how to use it in crypto?
Elliott Wave Theory predicts prices in all sorts of markets, allowing investors to adjust their trading strategies based on historical trends.
Elliott claims the eight-wave principle will repeat, leading back into five waves, converging into three waves and so on.
... the second set of waves will never drop below the lowest point of the initial five waves. As a result, this theory states that barring any unforeseen price shifts, such as a rug pull, the price will continue to rise on a long-term basis.
Elliott argues that these market cycles can be seen across various time frames — that the eight-wave theory applies in a 15-minute trading period to an hour-long period, to a week-long, and so on.
