In the dynamic world of crypto trading, understanding Elliott Wave Theory can unlock valuable insights. The flat-zigzag-triangle pattern, a trio of corrective structures, holds significance for traders navigating those markets.
Flat Correction: These three-wave movements (A-B-C) exhibit sideways action, offering prime opportunities for traders. Wave C, extending past A's termination, signals potential shifts in the crypto trend.
Zigzag Correction: Known for swift and impactful movements, zigzags (A-B-C) showcase rapid price swings. Watch for wave C, often surpassing the origin of wave A, indicating potent market momentum.
Triangle Correction: Crypto volatility finds a different form in triangles, manifesting as five-wave structures with converging trendlines. Tightening price ranges hint at imminent breakouts.
This is too early to be 100% but it is the pattern with the most pain; time pain!
Follow for more!
Flat Correction: These three-wave movements (A-B-C) exhibit sideways action, offering prime opportunities for traders. Wave C, extending past A's termination, signals potential shifts in the crypto trend.
Zigzag Correction: Known for swift and impactful movements, zigzags (A-B-C) showcase rapid price swings. Watch for wave C, often surpassing the origin of wave A, indicating potent market momentum.
Triangle Correction: Crypto volatility finds a different form in triangles, manifesting as five-wave structures with converging trendlines. Tightening price ranges hint at imminent breakouts.
This is too early to be 100% but it is the pattern with the most pain; time pain!
Follow for more!
Anmerkung
Trade still in play. Correction (triangle formation) will be confirmed once Altcoins experience a surge.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.