BTC Elliott wave education

Elliott wave theory was invented in 1930 by Ralph Nelson Elliott. He studied for several years the market and the psychology behind the markets. He concluded that markets are deeply linked to herd psychology, and since every person has similar emotions, the markets also move in predictable waves. After applying his theory to many markets, he documented the repetitive movement creating rules for analysing the market.
I am in love with the Elliott Wave theory, and I believe it is one of the best tools in a trader's arsenal. It takes some time to label waves correctly and get the perfect count, but once you start to count correctly, you will start to be far more profitable than you have ever been before.
The Elliott wave can be found in any timeframe, from the monthly to the intraday. Here is an example in the hourly chart. This is a great example as it also shows a rare Elliott Wave triangle. The EW triangle is typical of wave 4 correction or major complex correction after wave 5. It is also amazing how the targets developed by Ralph Elliott stand true every time, with here a classic 2 for wave 3 and 0.618 for wave 5.
I am planning to do a live stream soon again. Let me know in the comments if you would like me to go into more detail in the Elliott Wave theory or if you would like me to talk about other Technical Analysis topics.
I will try to pick only one topic so I can exhaust it properly and create less confusion.