N word wave, is a simplified wave theory, in the modern financial market, big data has solved a lot of can't solve problems, in the history of the elliott wave theory, is regarded as artifact, but there are one thousand thousand so-called wave, Anthony fauci is head of the elliott also once said, Eliot's wave theory is the most magical found security analysis field, but in addition to Eliot himself, others cannot be used correctly, and Eliot to keep the word too little, so the wave theory also becomes the word gobbledygook.
But in the age of big data, everything is no longer a problem, so we see the birth of the zigzag line, which is to select the most essential 3 waves of wave theory and make it a simple and easy tool to learn. Make good use of it and you will reap the rewards.
The so-called n-wave, we assume that after the rise of a wave, adjustment, after the break will have a new high, namely three waves, so it looks like an n-word, and after the break of the trend is similar to the three waves of wave theory. We all know that 3 waves is the most powerful, so it is also the most profitable wave of trading.
Let's take a case study. When the bitcoin price breaks through the pressure line, we will observe whether the macd is a bull trend and whether the average line forms a support.
If the three criteria are fully met, then what is left is buy buy buy, stop loss can be ma6 or -5-10%, stop gain can be the first two highs in batches, after the high can be set with 5, 8, 13%.