Can Elliott Waves really predict the price of Bitcoin?

Elliott suggested that financial price trends derived from market psychology are the predominant use of investors. He found that fluctuations in crowd psychology always appear in the same repeating fractal patterns or “waves” in financial markets.

Elliott Corrective Waves

Overcoming corrections is a very difficult task. Most Elliott traders make money during the moving pattern and then lose it during the correction phase. The movement pattern consists of 5 waves. A correction pattern consists of three waves and is usually a triangle pattern. The correction pattern is divided into 2 different categories, which include simple correction and combined correction.

ZigZag correction

In simple correction there is only one pattern. This pattern is called zigzag modification. A zigzag correction pattern consists of a three-wave pattern. that wave B cannot correct more than 75% of wave A. Wave C creates a new low below wave A. Usually wave A of a zigzag correction has a 5-wave pattern. In the other 2 cases, the correction (flat and irregular) of wave A has a 3-wave pattern. So if you can identify five waves in wave A, you can expect the correction to end with a zigzag pattern.


The combined modification group consists of three parts: 1- Flat 2- Irregular 3- Triangle

Flat corrections

In a Flat correction, the wavelengths are the same. After a 5-wave movement pattern, the market reaches wave A. Then the B wave that was formed reaches the High point of the previous A wave. Finally, the market reaches its previous low in wave C in wave A.


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  1. I have a buy order on ada at .38 1k usdt with 10x leverage, dot at 5.8 1k usdt 5x leverage and link at 4.8 1k usdt 5x leverage hope all these orders gets filled

  2. Ben I hear the stress in your voice, you have been clear about your thoughts, if peeps get it wrong it’s not your problem, hell I bought back my .2 BTC earlier after listening to your blog but that’s my choice. I’m happy to have it and risk the down side, (no leverage, ever) the upside is much more. It’s to tricky to guess what’s gonna happen now, basically it’s on the fed mate. That’s imo why the market is crawling, the smart money is waiting

  3. Wanted share with you Ben , I shilled you in the group I talked about below. Told them all your worth, but I can’t attach media so you’ll have to go check them out . 😘. Seriously man thanks a bunch your one of the best around

  4. I just buy BTC after hearing your thoughts.thanks for clearing some of the questions i couldn't answer on my own👍👍..i love the way how you explain the possibilities that may come thankyou

  5. Any movement up this week will be short lived just market manipulation for quick profit and then boom everything will be down for good just like we saw nice green for last couple of weeks

  6. Would be great of you accept some indicators and macro news into the analysis as well. They ARE highly relevant. And it does not look corrective at the daily timeframe

  7. I like your videos and appreciate your hard work. However, the overall news in the world isn't good: higher energy prices and cost of living, health crisis, ballooning debt, etc. Rising interest rates and upcoming official announcement of recession will cause fear. Crypto needs demand for the prices to rise. No money, no honey.

  8. ⛔️ ⚠️ WARNING, Attenzione , STOP ✋ listen to him , I just lost 2000 euro because of his thoughts, it made my calculating go wrong . ⚠️

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