AW Bitcoin Analysis - Long Trade For Wave 5...
The change of view has now happened due to very weak price action at the lows.
After adjusting the count for this Wave E, it's possible that we have one higher yet.
This view prepares us for 2 scenarios.
1: would be if we did happen to break critical resistance, we would already be long.
2. We have a small area at the highs that would be consider the sell zone if price stays under critical resistance.
As I always mention, if my view changes then I will post an update highlighting the more probably count.
If this idea is accurate enough, then we will create profits for the coming short position.
Alternatively, it can be used as a continuation trade if something changes.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research[b/] instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
After adjusting the count for this Wave E, it's possible that we have one higher yet.
This view prepares us for 2 scenarios.
1: would be if we did happen to break critical resistance, we would already be long.
2. We have a small area at the highs that would be consider the sell zone if price stays under critical resistance.
As I always mention, if my view changes then I will post an update highlighting the more probably count.
If this idea is accurate enough, then we will create profits for the coming short position.
Alternatively, it can be used as a continuation trade if something changes.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research[b/] instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
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