Hello guys. Today i wanna share my vision about the Elliott waves theory, applying it into Peercoin/BTC Chart.
This is the beginning of a posting series of Elliot Waves counting.
For the next 3 month i will be with you into this market predicction and guiding you the best i can, in this series.
Open your eyes to the knowledge, and lets do it together.
Peercoin : is one of the Alt-coins i most like. Is been around for a fews since 2015.
It is a hybrid PoW / PoS (Proof of Work / Proof of Stake) coin.
Stake rate 1 % yearly.
You can find more info about it in https://www.cryptocompare.com/coins/ppc/overview/BTC
Elliot waves Theory
This is analysis technique created by Ralph Nelson Elliott (1871–1948).
Mr.Ralph noticed a similar repetitive patterns in the market in all the time frames.
He called waves to a impulsive and corrective movement of the price of an asset.
Bassically consist in 5 "waves" in the trend direction and 3 "waves" that make a correction.
Also in each of this "waves", you can find the same pattern.
You can learn more about the Elliot Waves in a lot of sites, by reading books or just looking for video tutorials.
If you like and enjoy the info, subscribe to continue in the series, do what you do and comment in the section below.