AW Bitcoin Analysis - Short Trade Opportunity...
Updated
As per my video idea linked below, this is the chart for the short trade opportunity.
Whether you believe it or not this is what the chart is suggesting.
Previous Wave iv is the level I expect this to fall down towards.
If it doesn't fall that far great. We need to stay on top of it if we are going to have any chance of catching it regardless.
Entry: At market.
Stop: 25,180
Target: 3,154
Risk Reward Ratio: 28.33
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.***
Whether you believe it or not this is what the chart is suggesting.
Previous Wave iv is the level I expect this to fall down towards.
If it doesn't fall that far great. We need to stay on top of it if we are going to have any chance of catching it regardless.
Entry: At market.
Stop: 25,180
Target: 3,154
Risk Reward Ratio: 28.33
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.***
Note
Publishing limit reached. I am staying short from the highs. I think I understand what is going on here. The Whole move down is and expanded Zig Zag still unfolding. I will post something as soon as I can.Note
The move I was observing at small degree ended up being a 5-Wave move which means Wave 4 of this 5-Wave move up since November 2022 had a massively expanded Wave D that ended when this spiked. That move that broke the highs confirmed 2 things. 1: That We are not in Wave E but rather in Wave (B) of an expanding zig-zag down from the all-time highs. 2: That move up which I believe just ended was the end of a Wave C not a Wave E. This is why I am remaining short. I will explain on my next video.Note
Been looking closely at the waves since November 2022 and it appears 2 Waves occurred, the first bounce was a Wave C then a funky looking little wave that is potentially Wave D and this move up was wave E for Wave (B) of a Wave B zig-zag down which means the target from this high if it remains as the last high is $10,000.Note
Hope the clowns in the comments are in profit because I am. Being right is cool but I like making money.Note
The only way the clowns would be in profit is if they listened to me haha
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.