Elliott Wave Theory offers a method for analyzing market cycles and predicting price movements in the crypto market.
Elliott Wave Theory predicts prices in all sorts of markets, allowing investors to adjust their trading strategies based on historical trends.
Elliott Wave Theory is a price prediction model established by the accountant Ralph Nelson Elliott in 1934. The model is based on a common pattern Elliott discovered while studying the history of stock market price patterns.
What Elliott found was that price movements moved in up-and-down waves, broken up into groups of five and then three. The first set of five waves results in an overall positive trend, broken down as follows:
