Elliott Wave theory was formulated by R.N. Elliott in the 1930s based on his study of 75 years of stock charts covering various time periods.2 Elliott, whose theory gained adoption in the investment community, designed it to provide insights into the probable future direction of larger price movements in the equity market. The theory can be used in conjunction...
Doge is the native cryptocurrency of dogecoin, a parody cryptocurrency based on a viral internet meme of a Shiba Inu dog. At first, the crypto project was created purely as a mockery of other cryptocurrency projects that were being launched at the time. The cryptocurrency is essentially a direct copy of Litecoin’s code and can be used to transfer value over the...
Impulse Rules: An Impulse is a five Wave pattern labeled 1-2-3-4-5 moving in the direction of the larger trend. It is the most common Elliott Wave pattern. Wave 1 must be an Impulse or a Leading Diagonal. Wave 2 may be any corrective pattern except a Triangle. No part of Wave 2 can more than retrace Wave 1. Wave 2 must retrace Wave 1 by a minimum of 20%. The...
What Is Bitcoin? Bitcoin is a decentralized digital currency created in January 2009. It follows the ideas set out in a whitepaper by the mysterious and pseudonymous Satoshi Nakamoto.1 The identity of the person or persons who created the technology is still a mystery. Bitcoin offers the promise of lower transaction fees than traditional online payment...