"accumulation" schematic, a useful template but useless for most because it’s all just liquidity, making an assessment about which side you think is weak and then taking trades at levels which offer you favorable risk to reward
@Eric07086169 Sure. Check out my answers to the question of TheBull.
They are not on #Elliottwave theory though. That’s why I didn’t add them to the list. https://t.co/zxdsEjHk70
Here are my #cryptotrading lessons on #Elliottwave theory in one tweet.
More to come, so stay tuned!
Lesson 4: Alternation
Lesson 6: Diagonals
Lesson 7: Flats
Plz like or RT if you find these kind of pics helpful
#crypto#btc $btc #bitcoin
Something I keep in mind:
If trend is bullish, you want to place bids below the daily open. If bearish, set asks above the daily open. Unless scalping, you don’t want to be placing bids above the daily open to try to catch a long entry. Patience, let the range develop $btc.
#Educational
Price Action Delivery
1. Retracement
2. Reversal
3. Consolidation
4. Expansion
It’s important to identify what cycle the market is producing before entering a trade.
Went ahead and a made small brief explanation for each.
Would appreciate if you share.
NEW Medium Article 💎
'Using Previous Day's High/Low for Intraday Bias'
Longer than planned, but plenty of detail.
Easily one of my best pieces to round off 2019.
Cheers!
https://t.co/koJi3epNBk
Impulses are easy , what defines a good elliottician vs a novice is who can analyze/trade a corrective phase with precision.
There is a ton that goes into it but here is the LOGIC in which you MUST think to successfully trade using this theory.
#cryptocurrency#bitcoin