Journal of Kirkuk University For Administrative and Economic Sciences

The role of Elliott Wave Technique in rationalizing investment decisions for digital currency traders Analytical study

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
Journal of Kirkuk University For Administrative and Economic Sciences
Volume 13, Issue 1
Spring 2023
Pages 139-151

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