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.
BLX
AriasWave Reality Check On BITCOIN Right Now...In this video, I unveil the truth.
It's imperative for me to express this because, in truth, we're all entangled in greed, eagerly chasing wealth.
I liken myself to the Grinch, employing every skill I possess to thwart the propagation of this misguided notion.
We're ensnared in a cycle of deceit. This isn't a bullish market; rather, we're ensnared by the ongoing Bitcoin hype.
The monthly on btcusd.We haven't seen a monthly candle with a positive closing of more than 40% since 2020. There is little to say here, except that it will be difficult to understand when a correction will arrive, something that many are waiting for, it is not known whether buyers will give the possibility of seeing lower levels, the highlighted area is the one at 58k usd , where there is a price structure drawn in the previous bull run in early 2021.
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.
8 month accumulation of a lifetime.This is a monthly chart of the BLX and I think it might be possible we will be this type of bear market, Long and grueling for most but the opportunity of a lifetime for others. I'm fairly certain our bottom has been hit and we'll go sideways for most of this year.
Lets see what happens.
None of this is financial advice.
BITCOIN - IS THIS A TOP?The current price suggests a potential peak, although it's not definitive.
However, indications point towards the onset of a decline.
If this holds true, the only significant support level appears to be around $48,294. We'll monitor the situation closely, and I'll provide updates in my next video.
BITCOIN - LONG TRADE IDEA - Wave (C) In Progress...If the price surpasses $52,036, it signals the commencement of Wave (C) within Wave D, setting a fresh target at $56,357.
Should this level be breached, expect support to form at $51,588.
It's prudent to await confirmation of this high being breached, unless you're willing to take a risk akin to my own daring nature.
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.
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.
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.
BITCOIN - My View On The Recent Price Action...Here's an update on my earlier long trade proposal, slightly altered by a recent low break, though not breaching the previous low.
This development is intriguing and might establish new support.
I'm still aiming for $55,404, but the formation of support has been unexpectedly unique. If it holds, fresh support emerges at $50,627.
Confirmation of an upward move will occur upon breaking $52,521.
BITCOIN - Long Trade Idea - Wave D Nearing A Top...Fascinating developments unfold on the Bitcoin chart. If we approach a peak, we could be navigating Wave (C) of Wave D within wave iv.
Should we breach $53,013, support at $50,775 may prove beneficial, yet trading before this entails risk. Our target stands at $55,404.
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.
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.
BITCOIN - LONG TRADE UPDATE - About To Move Higher...It seems that a minor Wave D has been accomplished, triggering a downward continuation with Wave E.
Validation awaits a breach of 52,246; surpassing this mark without establishing a new low would indicate support around $50,631.
Anticipating Wave 3, characterized by strong and swift upward movement.
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.
BITCOIN - Latest Price Target Revealed - Video Coming Soon...Based on my recent research and analysis, I anticipate Bitcoin to attain a remarkable milestone of $289,000 during this bullish phase.
However, while this figure is indeed impressive, other cryptocurrencies may yield even higher percentage gains.
Yet, the crucial query remains: what unfolds once we reach this pinnacle? Stay tuned as I plan to release a comprehensive video addressing this topic in the upcoming days.
Every content shared on this channel adheres strictly to the AriasWave methodology, a distinct and highly accurate approach diverging from the traditional Elliott Waves technique. This methodology, refined over nearly a decade, is now yielding increasingly precise results, with a singular objective: maximizing profits while simultaneously educating a broader audience. As its effectiveness becomes evident, the ultimate aim is to empower as many individuals as possible with its insights, fostering financial success and knowledge dissemination.
BITCOIN - My Thoughts On The Current Waves...In this concept, I share my viewpoint on the present condition of the waves. It's not a short trade suggestion yet, but rather an observation of what I perceive to be happening.
I unmistakably detect a sense of frenzy at the peaks, whether it's through comments or news pieces regarding cryptocurrency.
Market behavior consistently mirrors the collective psychology of its participants. While I suspect we might be at or nearing a peak, further confirmation is needed through the breach of a couple more key levels.
A drop below $47,643 and $46,792 should offer the initial indications required. Additionally, I delve into the broader pattern and its defining characteristics.
BITCOIN - We Are Still Trading Within Wave IV...I've made headway in understanding the broader pattern, and it seems we're nearing the conclusion of a Wave B bounce within an ongoing Wave IV correction. The current range-bound scenario offers intriguing possibilities for profitable swing trades. It's wise to exercise patience now, observing for the formation of a peak and the initial indications of a Wave C reversal.