About Wave principles of crypto by @azeemtariq

Theory Requests

Introduction:

First of all, let's talk about Elliott's theory, which is actually his theory. In his book The WAVE PRINCIPLE he explained his theory after extensive research on market fluctuations and market price patterns. In fact, it is a technical analysis of market fluctuations and price changes. It helps us to estimate asset prices and trends in the market after the application of Elliott View Theory.

Applications:

• It really provides a lot of information before making decisions in the market.
• Help predict asset prices.
• It also helps us to prevent losses while trading currencies in the market.
• It allows us to know the market patterns.

This theory helps us to trade in different markets, but we should get proper information before making any decision in trade.

Movement and Correction Waves

Two types of waves are generally recognized in commercial markets, one is leading and the other is corrective. The following is an explanation of the wave according to Elliott's theory.

• If the wave moves towards higher prices then it will be impressive wave and if it moves towards lower trend then trade will be corrective wave.

• The market cycle has a total of 8 waves according to the theory. The first 5 waves are considered impressive waves and the 3 waves are considered corrective waves.

How you can easily find different waves

We can identify different waves with some basic principles. These waves are constantly on the chart at different levels. The length of the start and end can be identified by comparing.

Continuity wave:

source

The first wave is the beginning of the cycle. This shows that very few people buy assets when market prices have risen recently.

The second wave is after the first wave. When prices go up a bit and investors or traders who buy assets make very little profit and sell assets with small profits. The market price may decrease slightly.

The third wave is the rapid rise in prices. Most people start buying assets.

The fourth wave is the reverse of the second wave. It provides the same conditions for buying and selling assets in order to make a small profit in trade.

The fifth wave is the last wave where traders can buy the currency found during this period.

These were the five consecutive waves.

Correction wave:

Corrective waves are the three waves that start after continuity waves according to Elliott's theory.

ZIGZAG is the first pattern to explain the wave. In this, pattern B is smaller than pattern A and pattern C, indicating the difference in price in trading.

Triangle is a small complex shape that indicates fluctuations and decreasing volume.

Flat This formation has an equal shape, it does not follow the zig zag pattern.

This, according to Elliott's theory, was some wave information that I got entirely from the

My opinion on the idea

The theory that Elliott explains can really help us to invest and trade before we buy assets. We must use this information in our work.

• But it is not certain that the prediction should be 100% every time. All we need to do is control our research and our emotions, as the professor explained in his previous lecture before making any decisions in trading.
  So if we use a large investment, we should decide using different parameters or predictions, not just this theory.

• But in the case of small investments, this theory can be an excellent predictor.

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