How to trade BITCOIN using Elliott Wave Analysis

Bitcoin is the rage among a lot of speculators. The crypto currency had recently surged, and just as spectacularly crashed! Any trader who got involved in that market needed all the help he could get to navigate it successfully. One approach is using Technical Analysis. More specifically, Elliott Wave analysis! Why? It is because this approach to the market is one of the few ways to anticipate what could happen in the future, and adjust one’s position size.

My recent article on Bitcoin has been published on Forbes. Here is the link:

https://www.forbes.com/sites/greatspeculations/2017/06/16/dont-ignore-technical-analysis-if-you-are-trading-bitcoin/



10 Comments

  • Shaji Manghat

    Sir I would like to have membership
    For analysis news on bitcoin and Indian stock I am an investor
    In both
    Please guide

  • Manish seth

    Ramki sir Many congratulations to you.

    This is Fantastico

  • abhinav

    Sir,
    As per my knowledge in a converging ending diagonal wave 1 will be greater than wave 3 and wave 3 will be greater than wave 5 further wave 2 will be greater than wave 4 but what you showed is some what different. Here wave wave 3 is greater than wave 1. Please clear my doubt.

  • KK

    Hi Ramki,

    I have a general question, if an up trend is to reverse into a down trend, what is the valid wave labelling?
    Is it wave 1-5 up followed by wave 1-5 down? Or do we need an ABC correction and X wave up, then the down trend.

    Thanks!

  • Imran

    It’s been a crazy ride on Bitcoin since your post and revisiting the chart today, if my wave count is right then we have an extended wave 5 which may have been completed. The wave 2 of this wave 5 is around 5000-6000 !! Now if this hypothesis is right we may witness the power of the extended fifth wave.

    • Imran

      “Magical Moments”, just this one chapter of FWTFF in addition to your blog helped me forecast one of the most closely followed market to date.

      Btw DJI looking for a similar drop 21-22k coming.

      Thanks for writing such an amazing book Ramki.

Leave a Reply