The role of Elliott Wave Technique in rationalizing investment decisions for digital currency traders Analytical study | ||
| journal of kirkuk University For Administrative and Economic Sciences | ||
| Volume 13, Issue 1, June 2023, Pages 139-151 PDF (991.23 K) | ||
| Authors | ||
| Ammar Shihab Ahmed Al Ahmed; Montadher Fadel Saad Al-Batat | ||
| University of Kirkuk Journal For Administrative and Economic Science | ||
| Abstract | ||
| Elliott Wave Technical Analysis is a Global Positioning System (GPS) that helps traders identify the locations where the price trend of cryptocurrencies will be reversed, through the so-called price charts and other auxiliary technical analysis tools that are displayed on the MetaTraderla platform. (5) For technical analysis and trading, which reflects for traders the price movements of digital currencies, which charts for traders the current path of the price direction (bullish, sideways, bearish), and determines for them the current position reached by the prices (overbought, equilibrium, oversold), On the basis of which they take the appropriate investment decisions that are commensurate with the location of the specified price (peak buying), selling decision, (accidental) waiting decision, (peak selling) buying decision, taking into account reducing the risk associated with those investment decisions. | ||
| Keywords | ||
| technical analysis; Elliott waves; investment decisions; MetaTrader; 5 platform for technical analysis and trading | ||
|
Statistics Article View: 303 PDF Download: 19 |
||