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October 14, 2021 at 9:00 PM
by Schyler Edwards

Does Elliott Wave (EW) work in crypto markets? Critics say EW takes too much time, it’s too difficult, too subjective, too advanced, or it presents too many outcomes. After all, how could a system developed for the traditional stock market in the 1930s relate to the 21st Century crypto market? The New Wave Academy can show you how to use EW to make you more successful in your trading.

The truth is that EW does work even in the volatile crypto markets, but why? When Ralph Elliott created his system, he did not base it on price action or stock fundamentals. He realized that the main driver in trading on the stock markets was rooted in psychology: Greed, fear, elation, despair … all of the emotions that you feel when you enter a trade into the market. The waves structures you find in the traditional and crypto markets are fundamentally the same, which allows an EW technical analysis to work.


But is EW perfect? Of course not. If it were perfect, EVERYONE would be using it and making a lot of money. There is truth the idea that there are many different possibilities when using EW, and that can be both a strength and a weakness. If you know all the ways the market can move, you won’t be surprised. On the other hand, if you have too many possibilities you may suffer from analysis paralysis and never get into a trade. Therefore, pairing EW with other tools can give a competitive advantage in the market and ensure that you see more profits than losses. That is where NewWave Traders differs from the rest!

NewWave Traders has created a unique trading system that leverages EW to deliver consistent results, but it is only one of four key elements that you will learn in the New Wave Academy—which has delivered an average win rate over 75% for students. The New Wave Academy uses a modified Elliott Wave system that had been adapted for crypto and extensively back tested to ensure that the strategies work, which is a critical part of using EW in different markets. More importantly, the strategies within the New Wave Academy help you know when to get in and out of the market and make profitable trades.