Psychology. The human factor that runs the Markets from Panic, to Confidence to Over-confidence. The Elliott Wave is in the DNA of everything in Nature. As humans, we are no exception. Nature has patterns- and patterns repeat- so much so they can be studied, measured, calculated and predicted.
Bitcoin. Lets look at the example. Right off the bat, is a Wave B of a Flat that is divided in 3 parts namely;
1. Wave A(Red)
2. Wave B(Red)- corrects Wave A(Red) at around 61.8%
3. Wave C(Red)- a 5 Wave move that is our focus
Wave C(Red). A 5 Wave move that is nearing completion. It should be noted that if the market retests at confirms where it is(261.8%), there would be an upward push to complete the 5th Wave of the Wave C. This would trigger the biggest Bitcoin drop in History. This drop is inevitable and there is calculation to back that up.
Bitcoin. Lets look at the example. Right off the bat, is a Wave B of a Flat that is divided in 3 parts namely;
1. Wave A(Red)
2. Wave B(Red)- corrects Wave A(Red) at around 61.8%
3. Wave C(Red)- a 5 Wave move that is our focus
Wave C(Red). A 5 Wave move that is nearing completion. It should be noted that if the market retests at confirms where it is(261.8%), there would be an upward push to complete the 5th Wave of the Wave C. This would trigger the biggest Bitcoin drop in History. This drop is inevitable and there is calculation to back that up.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.