Cryptocurrency Q&A
Are two daily Elliott wave counts valid for bitcoin?
Are two daily Elliott wave counts valid for bitcoin?
JamesBrown
Sun Jul 07 2024
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7 answers
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Could you elaborate on whether conducting two separate daily Elliott wave counts for Bitcoin is a valid approach? Given the volatile and complex nature of the cryptocurrency market, does it make sense to apply this technical analysis tool twice in a single trading day? Could the results provide conflicting signals or enhanced insights? Additionally, how does this method compare to conducting a single daily Elliott wave count? Are there any specific considerations or caveats that traders should be aware of when employing this strategy?
7 answers
DigitalLegendGuard
Tue Jul 09 2024
The first count suggests a continuation of the current bullish trend, with Bitcoin poised to make further gains.
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HanRiverVisionaryWave
Tue Jul 09 2024
The second count, however, warns of a possible correction, indicating that a period of consolidation or even a decline may be ahead.
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Alessandra
Tue Jul 09 2024
BTCC, a UK-based cryptocurrency exchange, offers services that cater to both traders and investors in the digital currency market.
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Caterina
Tue Jul 09 2024
Regarding Bitcoin's price trajectory, two Elliott Wave counts persist as relevant predictions.
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ShintoMystic
Tue Jul 09 2024
These counts, proposed by Lara Iriarte, offer insights into the potential future movements of the cryptocurrency.
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