Join our FREE Trading Telegram Group to connect with like-minded traders, get real-time market updates, and access exclusive trading insights!No experience necessary - from beginners to pros, all are welcome!What you'll get:- Live market analysis- Trading tips and strategies- Q&A sessions with experienced traders- Community support and networkingJoin now and start trading with confidence! https://t.me/POWERPIPSS#trading #telegramgroup #freeresources"
Elliott Waves Analysis, created by Ralph Nelson Elliott, is a complex and subjective method used to predict market trends. It involves two types of waves: impulse waves and correction waves.
Finding Impulse Waves: âïž Wave 3 should be longer than Wave 1 and/or Wave 5. âïž Correction Wave 2 should be 38.2% - 61.8% of Wave 1. âïž Correction Wave 4 should be 38.2% - 61.8% of Wave 3.
Use Fibonacci levels to measure wavelengths!
On the Weekly BTCUSD chart: đ»Wave 3 is longer than Wave 1 (over 161.8% of Wave 1). đ»Wave 2 is 38.2% of Wave 1. đ»Wave 4 is about 38.2% of Wave 3. đ»Wave 5 is 100% of Wave 3. đ»After Wave 5, expect a correction (BTCUSD may fall)
âDo you want to use Elliott waves professionally? Check itđ
The crypto market can be unpredictable, and downturns can be challenging. But, it's essential to remember that market fluctuations are temporary, and every dip presents an opportunity!
Share with us:
Your thoughts on the current market situation Your strategies for navigating the downturn Your favorite projects or assets that you believe will weather the storm Lessons learned from past market experiences
Use hashtag #MarketDownturn, and you could win up to 1000 USDC!
Let's come together, support each other, and navigate this market with confidence!