Many traders refer to Elliott Wave Theory when trading Bitcoin. This methodology can help identify price cycles and key turning points. However, in actual trading, relying solely on wave theory is often not enough—it's necessary to combine other technical indicators, market liquidity, and macro cycles for comprehensive analysis. This is especially true for highly volatile assets like BTC, where wave counts can sometimes have multiple interpretations. Do you mainly use this theory in your trading? What other tools do you combine with it for better results?
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TheMemefather
· 01-12 21:01
Wave theory is indeed easy to fall into traps; it looks simple but is full of pitfalls when used.
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MainnetDelayedAgain
· 01-12 20:58
Wave Theory? According to the database, the classification method of this thing has been postponed and standardized multiple times. Everyone's interpretation of waves is different, I suggest it be listed in the Guinness World Records.
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MondayYoloFridayCry
· 01-12 20:53
Wave theory? To be honest, I've long given up on relying solely on it. It's too easy to deceive oneself; I can always find reasons no matter how I count.
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GateUser-00be86fc
· 01-12 20:52
Wave theory relies on intuition. I never use it alone; combining it with MACD and volume helps avoid paying the IQ tax multiple times.
Many traders refer to Elliott Wave Theory when trading Bitcoin. This methodology can help identify price cycles and key turning points. However, in actual trading, relying solely on wave theory is often not enough—it's necessary to combine other technical indicators, market liquidity, and macro cycles for comprehensive analysis. This is especially true for highly volatile assets like BTC, where wave counts can sometimes have multiple interpretations. Do you mainly use this theory in your trading? What other tools do you combine with it for better results?