An Elliott Wave Theory to Predict Bitcoin’s Next Price Movement

Written by MarkHelfman | Published 2020/02/23
Tech Story Tags: bitcoin | cryptocurrency-trading | bitcoin-price-prediction | money | investing | btc | hackernoon-top-story | technical-analysis-bitcoin | web-monetization

TLDR Bitcoin author, analyst, commentator: People have created lots of models about bitcoin. One model is Elliott Wave Theory, which fits cryptocurrency very nicely. In this theory, markets move up in five waves, then down in three waves. Could we have started wave 3 of a five-wave uptrend that sends bitcoin to an unthinkable price? As an investor, it’s pretty important to have a clear view of the market and facts to back up your instincts, even if you can never know what's around the corner.via the TL;DR App

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Written by MarkHelfman | Editor, Crypto is Easy newsletter. #1 writer, Medium. Bitcoin author, analyst, commentator.
Published by HackerNoon on 2020/02/23