BLX
AW Crypto Market Update - Ethereum - Bitcoin - XLMThis video aims to give you an indication of where we are within the ongoing correction for each of these digital assets.
I expect to see weak price action with limited upside in these markets as the full corrections come to an end.
Once we see the momentum wane in a choppy manner, the final move in each market should lead to an inevitable blow off top.
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 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.***
60 thousand dollars.Good evening!
Our group reached a milestone of 70 members last night, and I'm excited to share a bullish idea with the world.
Bullish momentum continues to build as increasing pressure mounts on the financial world.
For many, Bitcoin appears to be "the way out," or so the simple narrative goes.
However, I'm not here to discuss narratives; I'm here to analyze market structure.
The market seems poised for a breakout, and I believe it could be massive.
While most people expect a 32k 🎯,
my target was 39k since last august.
I've raised my target to 60k as of this evening for this particular bull case.
It is only after reaching 60k that I predict Bitcoin will fall to revisit the November 2023 lows.
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Key levels:
🔨 60k (Target)
🔺 10k (Support)
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Stay vigilant and trade wisely!
BTC: Correction Incoming? Should we Short, or Prepare to Buy?Hello friends!
I hope you had a profitable trading week so far.
This time, I would like to express my concern for Bitcoin.
As we can see, Bitcoin had 2 consecutive rather indecisive weeks.
Usually indecisiveness means either of these 2 things:
- Bulls charging their juice for the next run, or
- Bears are absorbing the bulls and are preparing for the reversal.
In this case, I see a potential reversal cooking. At least in bigger time frame (daily or weekly) it will only look like a correction. But in intraday timeframe, it might be a reversal signs and/or good short setup potential.
MY OBSERVATION
1. We can see that there was a bearish divergence in RSI formed. See the dashed white arrow. This indicates that bulls are weakening.
2. We can see the failure of making a higher-high. See 2 yellow arrows
There 2 signs indicates that bears are ready to take action.
However, we need a third confirmation.
My analysis will be proven if the yellow bold line is broken. This will indicate that the price has formed a lower-low structure, which marks the start of a downtrend (at least in intraday timeframe)
Next Question: HOW LOW CAN BTC GO?
If you see at the weekly timeframe, Bitcoin is ranging between
13-16k zone, and
28-32k zone.
In addition, the box I draw above marks the supply zone at the weekly timeframe.
So, the worst case scenario is that BTC will go to 13-16k zone as the weekly range low.
But, assuming that the trend is still bullish, then I am marking these zones:
- 24000-24000 USD zone
- The blue trendline shown in the picture
Should we see a bullish signal in those area, we can start buying/long up to 35 or maybe 40k.
Hope you like my analysis and don't forget to share your thoughts as well
AW Bitcoin Analysis - Getting Closer To The Preferred Count...As always, I aim to improve my analysis of Bitcoin because if I am not producing better ideas then I am not doing my job.
You can see the chart for this idea linked down below in related ideas.
By now I have dissected and cross examined this chart more times than I can count.
Let's get one thing straight, Bitcoin has not ever seen a GFC so assuming that it won't actually correct properly during a crisis is probably going to cost you dearly.
The news is cat ship wrapped in dog ship, so believing that Bitcoin is performing well because of some silly media BS is only setting you up for failure.
Besides, don't people often say that the FED never lets the market correct properly? Why wouldn't you want cryptos to correct properly?
One thing Bitcoin has never done is correct properly so if you want it to go higher then you will understand why this is important.
Does this offer people a chance to get in at a much lower price?
You better believe it, and I want to help you get in cheaper because when the whole space finally moves up, you will be better off for it.
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 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.***
AW Bitcoin Analysis - IS SHTF For Bitcoin? Old Count Modified...The truth is that my old count modified For Blue Wave 4 makes a lot of sense when looked at this way.
Why?
Because if I was counting this move up as a Weak 5-Wave move, the problem is that Waves 4, 2 and 1 are not overlapping.
Therefore, it cannot really be classified as an official Weak 5-Wave move. Duh!
But also, look what happens when I run a trend-line from the previous 2 Wave 4's...
Price has been interacting with this particular trend-line recently which might help explain the price action at the lows right now.
Something about the crazy insane mania I have seen lately piqued my curiosity and I just had to try out this combination of analysis.
It seems plausible therefore I will head in this direction because it makes sense to do so.
I have also been making progress with the move down since all-time-highs which might help explain what we are seeing now.
Could the SHTF for the original crypto afterall?
Could we really be in Wave 2 of a larger unfolding trend right now?
I will do my best to answer these questions very soon.
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 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.***
AW Bitcoin Analysis - Thoughts On The Latest Price Action...In this video I highlight some interesting new reports that have been pushed into the TradingView platform in the last few hours.
The news on TradingView is about as useful as the indicators and oscillators.
I also discuss how the upside price target can change based on where Wave E ends which hasn't started yet.
Here we are seeing a classic fake out move.
I remember when I used to think trend-line breaks were a good idea but quickly learn that it only works temporarily.
Of course in my own opinion it' s Wave D.
Soon we will know and then I can begin trying to analyze Wave E.
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 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.***
AW Bitcoin Analysis - Beware The Fakeout Wave D...We are about to find out if this move is a fakeout Wave D.
Wave D within the Wave (B) of Wave D was also expanded which has to this strange formation.
Very similar to the Wave D down in XLM but not as weak.
I ran checks through the last move up and it appears to be done except one more high needs to be made to complete Wave D before it reverses for Wave E.
When I say one more, I mean that it will look like a break-out only to fizzle out.
I have linked below all of the ideas that has led to this assumption, but the proof will be in the pudding.
I absolutely think that Bitcoin is going to move up soon but not in this move.
I don't think it will fall much further but what will be interesting is how this plays out.
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 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.***
AW Bitcoin Analysis - The Current Wave D In More Detail...This video is a continuation of the previous idea where I discuss the larger pattern. (Linked Below)
I also give you price estimations which can vary depending on where Wave E ends.
Wave D is really good at faking people out, so this is why I am going so deep on this whole thing.
The price fluctuations in Bitcoin are in line with human psychology and emotion so I find this to be quite fitting for what we are seeing.
Trend-line breaks are great, but they usually work best on the last wave of a correction.
When it comes down to it all you can be the judge of all this once we see price unfold.
Don't forget that XLM still has to make another low, how do you think it will get there?
Lately I have been questioning everything because I see a lot of emotion in people lately.
If Wave E happens to extend lower then what is mentioned in this video, that may also cause confusion.
All we can do is be on the lookout for more clues along the way.
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 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.***
AW Bitcoin Analysis - Momentum Drives Bitcoins Waves...In this video I dive the deep every single wave to make sure that I am not missing anything.
I am still processing what I have learnt about the way Bitcoin moves.
We have to be really careful with this type of volatility because it could fake you out.
That's why recently I have been working harder to improve the quality of my analysis.
I don't care if this is the millionth time that I post about it, it needs to be done.
What happened the other day made me question so many things about what I am seeing.
It is a long video but if you want to truly understand what is going on in the bigger picture you will need to watch all of it.
I will be posting a price prediction for Bitcoin for the next bull run shortly based on this count which will be the minimum expectation.
Considering how Bitcoin behaves, we can almost expect to be surprised but that comes with a caveat.
I will explain more about this as I develop the analysis further.
The clues in this video though should get you thinking more in terms of waves because of the fine detail and the clues they reveal.
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 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.***
AW Bitcoin Analysis - Wave E Structure Forming...In this idea we are looking at a move down for Wave E that cannot break support of 21,817.
Since Bitcoin had such a strong move up recently, like any move it requires some kind of pullback\correction.
I think that it is a good idea to wait until price comes back to this area before going long using one of these methods:
1: Buying at support.
2: Waiting for a trend line break after we see some kind of completed 5-Wave Move.
3: A break of 26,394.
I would not be surprised if we saw a .618 retracement which is just above support at around 22,100, given that the Wave D was so large.
The reason I believe Wave D was so larger was to break a trend-line down and previous resistance to show us that there is a continuation of the trend.
However in doing this it became temporarily over extended.
Other observations is the likelihood of traders trading this down like some kind of Head and Shoulders pattern which would measure out to roughly this same area.
I will post another update once I see something of interest.
See the posts below where I turned bullish on Bitcoin due to this breakout Wave D move.
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 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.***
AW Bitcoin Analysis - One More All-Time-High?If this view is accurate then there is no way this will go lower, just yet.
Don't ask me about what will happen when we reach these highs because with what I see on the horizon, it may not be good.
So, if we are going to short at some point, first, we need to trade it up.
I don't really care what direction we head, as long as it makes sense along the way because real traders make money either way.
I got it wrong, great, big deal move on. But my outlandish calls fluctuate based on evidence and this call is pretty crazy.
Not as crazy as the strength I witnessed last night, that sh$% blew my socks off!
Imagine what it could do next.
If I see it to be true, then I go ahead and make a plan.
If I am wrong, then my brain sets on fire again with more questions until they are all answered.
So, f$%# it I am long.
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 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.***
AW Bitcoin Analysis - This Changes Everything...This is the first of many incoming videos, what happened last night really made me think.
I have gone and had a think about what this means.
The large degree video is next, but the small degree is already hinting and something much bigger that cannot possibly be what I previously thought.
I think you better put on your astronaut helmet because we might just be about to launch back to all-time highs.
Stay tuned!
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 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.***
AW Bitcoin Analysis - Tracking These Last Waves....There is still more upside left in this move.
If you are wondering why it came back to the scene of the crime it's because the upside is limited.
I will post a more in depth video later today.
For now it is good to know that there will be a set of Wave 5's that will be part of the topping process for Wave E.
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 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.***
AW Bitcoin Analysis - This is a Wave E...Extremely disappointing result for my analysis. My apologies.
We were already in Wave E, I picked up on it too late to post.
I will post an update soon.
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 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.***
AW Bitcoin Analysis - The Bitcoin Trading Plan...After my last video where I spoke through my train of thought (linked below)...
This is what I believe the trading plane for Bitcoin should look like, even if you decide to unfollow because you got mad.
By now you should know that I understand Zig-Zag's better than anyone. (That I know)
So we should target the lows for this move down as it has revealed itself to be Wave D.
That target is at around $19,518.
After this I will guide us into the next move up for Wave E which should be another insane move.
Stay tuned!
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 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.***
AW Bitcoin Analysis - My Train Of Thought Reveals All The Clues.In this video I talk through my process and during the video I make some revelations about what we are seeing.
I actually surprised myself because my view has changed slightly and now, we know what is going to happen.
Just like I did over the last 48 hours except for the larger degree.
I will post a chart about this shortly.
The thing about the way I process my thoughts on these videos is that it's unfiltered AriasWave.
The person that created the methodology has an internal dialogue going on about the waves all the time.
When I express it on videos, for some reason I discover things along the way.
Sometimes I decide to stop the video and re-record it to make it sound like I knew what I was talking about all along.
In this video I give you the raw uncut version (I pinky promise), I wonder if you could ever know when I do that hehe.
If that is some kind of condition, then I am proud to have it.
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 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.***
AW Bitcoin Analysis - Short Trade Opportunity...Regardless of its impulsive nature, this is just a sharp correction that cannot exceed the highs.
Initially we want to place our stop above 25,000, when price starts moving lower you can then move the stop level down.
Once it starts dropping, watch for a break of 21,744 just to make sure it's completely done before you do so.
ENTRY: AT MARKET
STOP: 25,254
TARGET: 19,569 (Even though it will go much lower.)
If you do not have conviction then you will flail, I know it is just a correction because I made USDT using 125X leverage trading it. (Check out my profile)
That's my conviction!
Check out my last video down 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 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.***
AW Bitcoin Analysis - Time To Short - Watch For This...Check out all related ideas for this massive trade, down below.
Here I reflect on the trades and talk about what typically happens at these highs.
It's kind of comical how Bitcoin behaves at these highs.
Please follow my work as there are so many awesome trades ahead.
Now it's time to short and wait to see how this pans out.
Remember it's a wave 2 correction but just use the highest point for your stop.
Thank me later.
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 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.***