MysticRainbow
Mon Sep 09 2024
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6 answers
903
Is bitcoin following the Elliott wave cycle?
Excuse me, but could you elaborate on the idea of the Elliott wave cycle in relation to Bitcoin's current trend? Are we seeing patterns that align with the principle of this theory, where market movements follow a repetitive series of waves? Are investors using this framework to predict future price movements or to understand the current sentiment in the Bitcoin market? Could you give some insights into how the Elliott wave cycle could potentially influence Bitcoin's trajectory, and what factors should be considered when applying this theory to cryptocurrency markets?
