Is the Elliott Wave Theory Profitable? Most people use the Elliott Wave Theory in conjunction with other forex technical analysis tools.

This is a technical analysis prediction on Bitcoin utilizing the Elliott Wave Theory and Fibonacci extension. Click to read why I remain bullish on Bitcoin.

Figure 1. Bitcoin’s short-term Elliott Wave count with several technical indicators and moving averages.

This still allows Bitcoin to reach its target zone by the end of this year. Additionally, all three prior cycles show a ...