Smart Start TA Series 48: Elliott Wave Theory – Predicting Market Cycles in Crypto

In Smart Start TA Series 46: Understanding Gann Theory, we explored time and price relationships in predicting market movements. Another essential theory for understanding market cycles is Elliott Wave Theory, developed by Ralph Nelson Elliott. Elliott Wave Theory posits that market prices move in predictable cycles, driven by the psychology of market participants. These cycles, or "waves," are structured into five-wave patterns for trend movements and three-wave patterns for corrections.