Identifying Elliott Waves is crucial for professional traders to identify potential trends and prices. To identify these waves, you can use other technical analysis tools such as:
- Elliott wave and Fibonacci retracement levels:
The Elliott wave cycle consists of eight waves plus their five corresponding sub-waves, which make a sequence of Fibonacci numbers (0, 1, 1, 2, 3, 5, 8, 13, 21, 34, etc ). Using Fibonacci tools helps count and predict Elliott’s waves. Each Fibonacci tool is suitable for a specific purpose, So it is better to properly understand each before using them for an appropriate analysis.
- Elliott wave oscillator
The Elliott Wave Oscillator (EWO) helps new traders identify market trends. The EWO generally appears at the bottom of your chart, and usually, the highs and lows of the oscillator represent wave 3. If the oscillator returns to the zero line, it is considered wave 4. If the market trend has an extreme change while the oscillator does not, we are likely facing wave 5.
Thank you, Ben!
Nice. 1st
I think you read my mind Ben. Scary drop for eth. Please can you TA it. Thank you Kevin
Thank you Ben! As always, greatly appreciate all your insight.
Merci Beaucoup 👌…Top Videos💎💫
Is such a sequemce of 1-2-1-2-1-2 really probable? Compared to WXYXZ?
Thanks Ben where do you think ADA will retrace back to now 😬
Thank you Ben
Considering the noises getting louder that this might just be a huge bear flag, do you have any invalidation areas where you would pull your money out because we might get lower lows?
Thanks, Ben
Like and comment, if everyone followed ben’s analysis the chart would have been much more predictable. 🤔
Can't wait for ETH update !
Thanks for the update!
23.5K is currently monthly vWAP so it would make sense for the price to retrace to that in line with what you're saying.
Thanks a lot Ben! I just subscribed to the gold membership, please add me to your discord server 🙂
thanks ben!!
As always, love your honest assessments
do quant plz
Thanks Ben 👍
Ben, thank you very much! 🙏🏻
Watched the price drop on the whole Coingecko list as it happened. Paid attention to which ones got hit by what %, which ones held up, etc. Very interesting. Looked like a lot of stop loss targets would've been taken out. And on those which have been strong recently.(Taking into account the smaller % most are willing to work within right now.) 😎
That would be nice on signal channel
If BTC doesn't print an enormous green dildo soon, the 12 12 12 scenario will become more unlikely, don't you think ? Basically as it happened from December to April 2019, leading to the 25% candle from 4000ish to 5000ish
Tnx
hey ben is it possible the (5) is wave B of expanded flat correction? and we are doing a wave C of expanded flat correction
Thanks for this
Thanks
Thanks Buddy, have a good evening
40% chance we are at the top of a Y wave of wxy correction
Thanks so lucky to meet your channel
Algorand forever!
Hello ben , many thanks for your hard work and taking care for all of us !!
So the prices of crypto will be dropping lower than it is right now?
🙂
i love your intro music
Thanks!
Thx for the update Ben
Whales that hold between 1,000 and 10,000 BTC have been and continue to dump on retail investors. They have been aggressively de-risking for well over a year and are using dumb money as exit liquidity whenever we have a suckers rally. This means Bitcoin whales do not think the macro bottom is in yet. Could they be wrong? Yes. But usually they are not wrong.
Thank you very much for the BTC update!