Bitcoin by Ross #2: An Elliot Wave Primer

by Ross Ulbricht

The Elliot Wave Theory is a concept that describes how prices change over time in speculative markets. It combines mass psychology and an area of math called fractal geometry. For those of you afraid of numbers, don’t worry; we won’t be doing anything beyond counting and basic arithmetic. It’s worth taking a moment to understand because it provides an excellent framework with which to understand Bitcoin’s price history up to today and where it may be going next.