The emerging crypto markets have created incredible opportunities for the average person to gain wealth and achieve financial independence. Never before has the barrier to entry been so low to invest in tradable assets, but with this influx of new people and technology, we see that the markets are flooded with emotional decisions as the markets move up and down. New Wave Traders has built an academy that incorporates Elliott Wave Theory to help you succeed in the cryptocurrency markets.
Developed in the 1930s, Ralph Elliott developed his wave theory, which is a pattern methodology based on human psychology. Elliot recognized that the stock market moves in three and five wave structures that form fractals—patterns that are infinite and repeat across different scales. Elliott detailed these patterns and how to trade them in his book, Nature’s Laws: The Secret of the Universe in 1946.
The Elliott Wave patterns repeat across different markets as well—Stock Markets, FOREX, and of course, cryptocurrency—each with their unique attributes. For example, in the crypto markets, there is high volatility due the amount of leverage and speculation in these new assets, which creates unique opportunities for profit if you understand how the market works. To help you achieve this, New Wave Traders has mastered the principle of Elliot Wave, collected massive amounts of data, and back tested strategies that will help you build an edge in the crypto market. We have created a system with four crucial elements that create complete trading system, of which Elliot Wave is just one component.
We have put together some of the basics of Elliott Wave Theory here on our site—such as knowing how to identify impulse waves, corrections, triangles, etc. They will help you start to see market structures and become a successful trader!
To master the markets and become a successful trader, sign up now for our free UPI System and cheat sheets for beginners.