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BITCOIN - Back Into Trading Mode, But Here is What I Found...Yesterday, I mentioned my intention to assume a spectator role, concentrating on analysis to comprehend our current position thoroughly. This approach allows me to equip myself with insights necessary for delivering daily videos featuring insightful trade ideas. In this latest video, I've begun to shed new light on existing patterns, introducing fresh logic and ideas aimed at rejuvenating the trading experience through AriasWave. With a 24-hour pause in price action, I've had the opportunity to methodically examine all the waves, providing a solid foundation for anticipating future movements. Consider this video merely an introduction, as there's a wealth of material set to be released daily from this point forward.
by AriasWave
1
BITCOIN - My Thoughts on a Possible Topping Out Process...I've presented both a bearish and a bullish perspective. However, there are certain indicators I'm keeping an eye on that suggest the bearish scenario could unfold, which I'll discuss in more detail shortly. For now, i'd like to share my reflections on the current wave structure. If we haven't reached the peak yet, it's likely due to flaws in my wave count, which I intend to rectify in the coming days through further analysis. However, for now, I aim to provide a broader perspective before delving into specifics. I prefer to observe without trading to gain a clearer understanding of our current position. While other cryptocurrencies may indicate a peak, it's essential to remember that altcoins can peak before Bitcoin. I'll contemplate these factors before revisiting the intricacies of wave analysis to offer a more precise count. Over the next 24 hours, I'll maintain a spectator role, closely monitoring the 60,757 level. I refrain from predicting tops and bottoms without corroborating price action to support my analysis.
by AriasWave
1
BITCOIN MEGA BULLISH WAVE REVISIONI'm hesitant to delve too deeply into this count, as it seems almost inconceivable. Nonetheless, I remain open to the possibility that this chaotic scenario is far from over. My primary objective is to profit, irrespective of the market's direction. If this move is only just beginning, then I accept that reality. I'd rather not be the pessimist whose predictions lead to financial ruin, as that would mean missing out on potential gains. Currently, I'll note that critical support rests at 64,528, with a target likely exceeding 100,000. However, I'm withholding final judgment until we gather sufficient evidence to validate this assessment.
Long
by AriasWave
BITCOIN - We Could Be In The Final Move Now...The current count is under scrutiny due to VRA surpassing previous highs unexpectedly. This development challenges previous assumptions. My current hypothesis suggests that we're witnessing Wave 5 within Wave E, marking the final corrective phase of the entire correction cycle. While my recent success in predicting the latest drop might seem fortunate, the manner in which it unfolded, resembling a zig-zag pattern, deviates from the typical downward movement of Wave (C). Instead, it resembles the conclusion of a Wave 4 correction. Initially, my target lies in breaking the highs around 68,250, potentially forming an inverse head and shoulders pattern, which is intriguing. However, within the broader context of a head and shoulders pattern, this move would only contribute to the development of the right shoulder.
by AriasWave
Re-test of Rising Wedge Breakdown May Signal TopIf Bitcoin is unable to get above the bottom of this long-term rising wedge, the top may be in when it fails to reclaim it upon re-test. It could still go as high as 85-106k, or even higher the longer it takes to reach wedge bottom. Given this turns out to be true, when this top is finally in we may see the deepest and longest correction in Bitcoin's history, targeting 1.5k, or even lower. This could also be considered the makings of a double-top with a higher 2nd high, very similar to the structure of the previous ATH's double-top, but repeated on a larger scale. We may also see two attempts to re-test, just as we saw two highs last time. A possible secondary signal that this is the likely scenario that will occur may be if the US Dollar Index continues up above its fall of 2022 highs: Best of luck with your analyses and trading, and I hope you've found some valuable insight in the ideas we share together here.
BNC:BLX
by dudebruhwhoa
Just Some XLM - XRP - BTC Analysis...This video isn't about trading ideas, but rather about my current thoughts on these cryptocurrencies. Right now, I'm leaning towards shorting XRP rather than XLM given the current setup. Bitcoin has experienced a significant rally, but I believe its potential is limited. We haven't fully emerged from the long-term correction that began in 2017 yet. When that time comes, we can execute trades and witness substantial growth in our trading accounts. For the moment, I anticipate a continuation of corrective patterns until we reach that pivotal moment where we'll be gearing up to invest heavily and start dreaming of that Lambo.
BITSTAMP:XRPUSD
by AriasWave
1
BITCOIN - Follow Up Video Because We Broke A Mini High...This video is a necessary follow-up because we've unexpectedly breached the high that, in the last video, I indicated wouldn't occur just yet, while demonstrating my wave analysis with AriasWave. Now that it has happened, I delve into what actions to take and what outcomes to anticipate. However, if this trend holds true, the timeframe may be too short for me to generate a long-term trade idea. Witness the developments for yourself and form your own conclusions. The previous video, where I outlined this analysis, will be linked below for reference.
Long
by AriasWave
BITCOIN - I Show You How I Analyze Waves Using AriasWave...In this video, I demonstrate how I analyze a wave using AriaWave, guiding you through the process while also unveiling the complete AriaWave pattern. This method, rooted in human psychology, offers a logical approach to understanding market patterns—a technique I've honed over nearly a decade. Despite its complexity, I'm willing to share it because I understand the challenges of mastering such concepts. Providing insight into its workings is my way of giving back to those who support my work. By hitting the boost or like button, you not only show your appreciation but also encourage others to delve into learning. Just a little side note: For the wave I skipped, it is easier to rationalize a wave that doesn't make sense on a bigger timeframe because you can see more detail in its sub-components.
by AriasWave
BITCOIN - Hold Fire For Now, Take Profits and Wait For...In this video, I delve into the distinction between trading and analysis, highlighting why it's crucial to occasionally step back and regain composure when things start to veer off course. I recount a recent experience where I found myself in such a situation, and how I managed to exit with a profit, opting to wait until clarity returned to the market. Within us lies both a rational mind and an instinctual one, and at times, they vie for dominance. By attuning ourselves to these fluctuations, we cultivate the ability to pause and detach until our logical faculties guide us back into a trade. Beware of succumbing to impulsive trades driven by the instinctual mind.
by AriasWave
1
BITCOIN - I Realise Now That This Is A BULL TRAP!!!I've concluded that the current Bitcoin trend resembles a bull trap preceding an impending recession. Regrettably, I too was ensnared, initially believing it signaled the beginning of another bullish market. However, I now realize my error. In my forthcoming video, I'll delve into the rationale behind this assessment and share strategies for capitalizing on the long trade during Wave 5 of Wave (C) when it appears imminent.
Long
by AriasWave
1
BITCOIN - Wave Count Rethink - My Wave D Breakout Theory...In this video, I delve into my Wave D Breakout theory. Upon recognizing the potential for this phenomenon in XLM, it became evident to me that both assets need to breach a specific level. However, upon achieving this, they are likely to encounter rejection. So, what does this scenario imply in terms of wave dynamics? My analysis suggests that we'll witness an expansion of the corrective phase within Wave D for both cases.
Long
by AriasWave
BITCOIN TO $289,000 - Wave 3 Of Wave (C) In Progress...Here's my latest analysis on Bitcoin, with a target around $289,000. While I use this number for perspective, it's worth noting that the price could potentially surpass it. However, it's crucial to recognize that the upward momentum is finite, and as the mania intensifies, many will be drawn into the market before a significant downturn occurs. Across all cryptocurrencies, we're still witnessing a bubble phase, a phenomenon present in various markets. Embracing these bubble phases offers us a chance to capitalize before the true bull market emerges. I'll share another long trade idea as I observe the waves unfold further at higher levels, as I anticipate we're on the verge of entering an extremely bullish phase.
Long
by AriasWave
2