I hope this correspondence finds you in good health and high spirits, prepared to tackle the upcoming week with renewed energy. I extend my best wishes for your continued success in all your business endeavors. It is worth noting that success in trading is largely dependent on the consistent definition and adherence to one's own rules.
As a supporter of the Elliott Wave Principle, I consider this methodology an invaluable tool for market analysis. After three years of personal experience, I have developed my approach by combining this principle with meticulous consideration of different market scenarios. I strive to avoid market surprises by maintaining a range of market prospects, which enables me to recognize the market structure forming with 100% accuracy.
I am pleased to share my analysis with you, with the caveat that I do not provide buy or sell signals. My perspective on idea analysis is entirely impartial, and if my analysis meets your standards, it may serve as a guide to making an informed decision.
For your reference and comparison, I have attached my previous analysis of the same market. All the details of my analysis are clearly labeled for ease of comprehension. Nonetheless, familiarity with the Elliott Wave Principle theory would facilitate an understanding of the analytical idea.
My study of the Elliott Wave Principle took nearly three years, during which my understanding and experience with this invaluable tool have grown. My progress thus far is a testament to the legacy of Ralph Nelson Eliot, whose genius has provided the foundation for my achievements. May he rest in peace.
I express my gratitude for your continued support and kindness, and welcome your comments and critiques.
May my analysis be a valuable asset to your business journey, and I remain sincerely yours,
Your dedication and careful study are an inspiration to many in the trading community. I hope to continue benefiting from your expertise and perspective.
mehdi47abbasi79
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@MyCryptoParadise_Simon, I always feel energized by the positive comments and support you provide on Trading View. I am grateful for your kindness and strive to improve and become the best version of myself. Although I am young and inexperienced, I am working hard to strengthen my skills and turn my weaknesses into strengths. I appreciate the support of everyone in the community, including yourself, as it has been instrumental in my progress. My friend, I hope and pray that you are in good health and that you achieve success in all your endeavors. Sincerely,
Pastig
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did you see that huge fallen? what is your opinion and the next move just now?
mehdi47abbasi79
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@Pastig, "I believe that the market will continue to grow from my perspective. Currently, we are experiencing a correction, but I think it is more likely to be a sideway correction pattern rather than a deeper correction. However, there is a possibility of a reverse trend. If the DXY strengthens, the correlation will be negative, which is highly unlikely."
bakhshihossein
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Thank you I analyze with a different style It is interesting that my entry point is almost in sync with yours
This is the first time I've seen the chart of this particular digital currency, and I did so thanks to your suggestion. I'm happy to help out in any way I can, and without any hesitation.
It's important to note that all cryptocurrencies are heavily influenced by Bitcoin, which is the main indicator. It appears that you are up-to-date with the latest news in this field.
However, if there is a positive correlation between the USD and cryptocurrencies this scenario happening. or a deeper correction may occur. In such a scenario, the price action should be based on an impulse pattern after the failure of the conservative idea. After each target is reached, a correction pattern should be formed that corresponds to the progress.
Best wishes to you, my friend.
bakhshihossein
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@mehdi47abbasi79, You are right Any theory may not be correct Anyway, thank you for your attention and that I can't speak English properly and if I make mistakes in my speech, please forgive me
mehdi47abbasi79
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@bakhshihossein, Identifying the correct Elliott wave pattern requires patience, accurate diagnosis, and experience. Experience is a crucial factor in analyzing the Elliott wave principle. Personally, I started studying this principle almost three years ago, and it takes at least five years of experience to become a world-class expert analyst. After a decade of experience, you can reach the professional level of an analyst. Also, your English is fine, and I understand what you mean. I will try to express myself more clearly from now on. Wishing you the best, dear friend.