AW Bitcoin Analysis - Small Degree Wave Observations...
Updated
In this short video I explain what goes through my mind when I look at these patterns.
Every wave means something, and every pattern has a direction that you can identify based on those waves.
If you see something that doesn't align with what you're thinking, then obviously you need to take corrective action.
I shorted this way before I saw these little patterns unfolding and I will explain what they mean.
See related ideas below.
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.***
Every wave means something, and every pattern has a direction that you can identify based on those waves.
If you see something that doesn't align with what you're thinking, then obviously you need to take corrective action.
I shorted this way before I saw these little patterns unfolding and I will explain what they mean.
See related ideas below.
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.
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