Afaq AbbasiDec 29, 2021 · 3 years ago3 answers What are the limitations of using the Elliott Wave Theory in cryptocurrency analysis?
What are the potential drawbacks and limitations of applying the Elliott Wave Theory, a popular technical analysis tool, to analyze and predict cryptocurrency price movements? How reliable is this theory in the highly volatile and unpredictable cryptocurrency market? Are there any specific challenges or factors that make it less effective in cryptocurrency analysis compared to traditional financial markets?