How can I use Elliot wave analysis on tradingview to predict cryptocurrency price movements?

1 answers

• Nov 29, 2021 · 3 years ago
  As an expert in Elliot wave analysis, I can tell you that using it on tradingview can be a valuable tool for predicting cryptocurrency price movements. Here's how you can use it: 1. Select the cryptocurrency pair you want to analyze on tradingview. 2. Apply the Elliot wave tool and label the waves accordingly. 3. Use the Fibonacci retracement tool to identify potential support and resistance levels. 4. Analyze the price action and volume to validate the wave count. 5. Use the Elliot wave rules and guidelines to forecast future price movements. 6. Remember to always consider other factors such as market trends and news events. By following these steps, you can leverage Elliot wave analysis to make more informed trading decisions.
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