What is Elliot Wave Theory?
- Elliot Wave Theory is a theory that has five waves. 1 , 2 , 3 , 4 , 5
- Created in 1930's during one of the first US Bull Markets by Ralph Nelson Elliott
- aka one of the most ancient trading philosophies of all time. It is very simple.
1/5 - Bottom Direct Accumulation
2/5 - Profits turned into downward buy back of bullish support band ( Most important to validate a Bullrun )
3/5 - Biggest wave always
4/5 - Profits being realized and weak hands
5/5 - Moon 2-3x market cap
Bullruns in BTC history.... 2011, 2013, 2017, 2021
- Each Bitcoin Bull Run has verified the Elliot Wave Theory that was created in the 1930's
- Unlike new indicators that have just been made recently like the PI Cycle.....
Time will tell. What do you think? Elliot Wave Theory likely?
- Elliot Wave Theory is a theory that has five waves. 1 , 2 , 3 , 4 , 5
- Created in 1930's during one of the first US Bull Markets by Ralph Nelson Elliott
- aka one of the most ancient trading philosophies of all time. It is very simple.
1/5 - Bottom Direct Accumulation
2/5 - Profits turned into downward buy back of bullish support band ( Most important to validate a Bullrun )
3/5 - Biggest wave always
4/5 - Profits being realized and weak hands
5/5 - Moon 2-3x market cap
Bullruns in BTC history.... 2011, 2013, 2017, 2021
- Each Bitcoin Bull Run has verified the Elliot Wave Theory that was created in the 1930's
- Unlike new indicators that have just been made recently like the PI Cycle.....
Time will tell. What do you think? Elliot Wave Theory likely?
