Hello Ravana I hope that you are doing fine today I am doing another homework for the Crypto Academy thank you so much to the professor for teaching us in a very easy way

Homework for this lecture:

A) Share your understanding on this lecture by answering the following questions:

What's the application of this theory?

The application of this theory is very important in every traders life this theory helps us to find the right spots to trade in a specific asset this helps all the0 trade. to spot train and this theory helps us to to do a right price forecasting did this theory can't be accurate all the time but it gives us an idea offer we should start our trade from

by applying this theory we knows if the market is in uptrend or in town trend meaning of the market is bullish or bearish then we can decide if we have to to exit from the trade or this is the time to enter into the trade and we can do that by using this theory this theory helps us to identify the price movement of a specific coin or asset

What are impulse and corrective waves? How can you easily spot the different waves?

Now let's understand what is impulsive and corrective waves so prise moves in in these two waves Now which wave is likely under way And what recent waves war Will help us to forecast the price It basically helps you to forecast the price what will the price  be in th future 

 let's understand it easily so an impulsive wave is Large price move And has associated trends an Uptrand keep reaching higher prices because Because the moves are large up then the moves down Which occurs between Those large upwaves This is the easiest way to understand the impulse waves

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Now let's talk about the second which is corrective waves So these waves are the smallest waves occur within the trend By knowing this it is the You should trade in the direction of impulsive waves Because the price is making largest Movies in that direction 

Following the impulsive can make you a good profit then the corrective is corrective is can only help you when to enter in the uptrend

What are your thought on this theory? Why?

My thoughts on this theory is that I really like this because this helps us to understand the market we all know that technical  analyses is the most important in analysis when we are dealing with trading trading is a very tough and risky thing to do and we should know everything about the market every use this theory and practical work it will help us to know the movements of market the nature of market very  easily

 I like this theory because it's very easy to understand and you don't have to do much brainstorming to understand it it's very easy you just need to understand the patterns and two corrective and impulsive waves and by the help of that you can do you price forecasting and you can do good trading in the market

B) Choose a coinchart in which you were able to spot all impulse and correct waves and explain in detail what you see. Screenshots are required and make sure you name which cryptocurrency you're analyzing.

BTC/BUSD

This is a short of a pair of BTC/ BUSD  as you can see that I have been able to spot the two impulses in the beginning every locate the chat its uptrend chart and we can clearly see that there is a very large moves in prices which indicate us the the impulsive waves 

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 we have three impulsive waves and to correction waves if you look at the impulsive waves are the first two are quiet large it means that the market is moving very fast in uptrend and whenever the impulsive waves are big we have to measure the Waves also so the measurement is that how long the wave is if it's long it means that the market is going up very high and in our case if the market is going up while if we look at the correction waves we have got to correction waves and they are pretty small not that large to be understand that the market is going up and this coin can be very profitable because the market is in uptrend that is what I could spot in the chat

@fendit