Elliot waves reflect the movement of repetitive market sentiment.
It usually has five waves move in the direction of the main trend followed by three corrective waves (a 5-3 move), (up or down).
The elliot waves are often repetitive and overlapping. It is usually divided into cycles:
Grand Supercycle
Supercycle
Cycle
Primary
Intermediate
Minor
Minute
Minuette
Sub-minuette
This post is my assumption for the Grand Supercycle Wave model. (In my opinion, it has a 4 year/cycle). With the Supercycle, it takes about 6 months and the cycle is 22-30 days.
This is a fun fact. It is a personal opinion. Maybe right or wrong.
Thank for reading. Go to the moon, yo!!!!
***Sometimes the simplest and most basic things are right. Why not? Humans allways complicate matters. Right? LOL
It usually has five waves move in the direction of the main trend followed by three corrective waves (a 5-3 move), (up or down).
The elliot waves are often repetitive and overlapping. It is usually divided into cycles:
Grand Supercycle
Supercycle
Cycle
Primary
Intermediate
Minor
Minute
Minuette
Sub-minuette
This post is my assumption for the Grand Supercycle Wave model. (In my opinion, it has a 4 year/cycle). With the Supercycle, it takes about 6 months and the cycle is 22-30 days.
This is a fun fact. It is a personal opinion. Maybe right or wrong.
Thank for reading. Go to the moon, yo!!!!
***Sometimes the simplest and most basic things are right. Why not? Humans allways complicate matters. Right? LOL
It could be true but knowing that the price of Bitcoin depends on how many investors patronize in it. It is always be the investors responsible for the fluctuations of it's price and not by a mere predictions where we are not holding a crytal ball to know the future.