In the dynamic world of crypto trading, understanding Elliott Wave Theory can unlock valuable insights. The flat-zigzag-triangle pattern, a trio of corrective structures, holds significance for traders navigating those markets.
Flat Correction: These three-wave movements (A-B-C) exhibit sideways action, offering prime opportunities for traders. Wave C, extending past A's termination, signals potential shifts in the crypto trend.
Zigzag Correction: Known for swift and impactful movements, zigzags (A-B-C) showcase rapid price swings. Watch for wave C, often surpassing the origin of wave A, indicating potent market momentum.
Triangle Correction: Crypto volatility finds a different form in triangles, manifesting as five-wave structures with converging trendlines. Tightening price ranges hint at imminent breakouts.
This is too early to be 100% but it is the pattern with the most pain; time pain!
Follow for more!
Flat Correction: These three-wave movements (A-B-C) exhibit sideways action, offering prime opportunities for traders. Wave C, extending past A's termination, signals potential shifts in the crypto trend.
Zigzag Correction: Known for swift and impactful movements, zigzags (A-B-C) showcase rapid price swings. Watch for wave C, often surpassing the origin of wave A, indicating potent market momentum.
Triangle Correction: Crypto volatility finds a different form in triangles, manifesting as five-wave structures with converging trendlines. Tightening price ranges hint at imminent breakouts.
This is too early to be 100% but it is the pattern with the most pain; time pain!
Follow for more!
הערה
Trade still in play. Correction (triangle formation) will be confirmed once Altcoins experience a surge.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.