AW Bitcoin Analysis - Current Wave 2 Price Action Explained...Been looking over these waves and have formulated a few different views.
Here I start to use some logical approaches to determine what is going on.
I believe price is too low for this to be any meaningful bottom.
I've been getting used to seeing patterns unfold in a particular way.
I am currently not yet seeing any evidence of this yet.
For now going to keep an open mind on what we are trading here considering we have seen some large Wave D's around.
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.***
BLX
AW Bitcoin Analysis - Small Degree Long Entry...Small degree price action now points to a move higher from these levels.
On the 15-minute chart, price is leaning right against the 1000 period moving average which is good support.
Here we can assume that this is a small degree Wave 1 and Wave 2 is possibly complete.
Confirmation comes at a break of 24,133.
The stop level will remain in place if no new low is made.
If we make one more mini low just adjust the stop level upon entry.
This type of pattern is similar to the last long position where price starts of quite slowly and then goes parabolic.
You can see that previous long trade linked below.
Trade parameters:
ENTRY: 24,133
STOP: 23,905
TARGET 1: 33,000
TARGET 2: 36,500
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 - Confused? Watch out for this...It appears as though the move down that occurred yesterday that gave me idea to produce the long trade idea needs one more mini low.
I believe that when price tags 23,613 there will be a reaction.
Let's call it the BUY ZONE between that level and critical support at 23,347.
Obviously if it breaks support that would be bearish, but then and only then would I consider a short position after waiting for corrective waves.
The reason I would wait for corrective waves if it did break support is because this would only be 1 piece of evidence.
Stay tuned!
See all related ideas 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 Long Trade Idea - This Moon Shot Will Soon Pop...This idea is based on the lastest AriasWave updates and we are here to make money.
Pull out your calculator and add up the fact that we have made profits up, down and now up again...
What are the odds? No matter, it only gets better from here.
Here are the parameters for this trade:
ENTRY: 24,596
STOP: 23,613
TARGET 1: 33,000
TARGET 2: 36,500
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 - What The Last Move Up Could Look Like...In this video I explain what we are currently seeing at the small degree, and I also talk about how this move might end.
We could be dealing with one of the biggest bear market rallies on record if things I discuss in this video come to fruition.
The idea that Wave 5 may extend is visible in Wave 3 and if you think about it, the type of FOMO it would create would be unrivalled.
People would really start to believe that it is going to go to the moon before suddenly reversing course.
As like with many Wave E moves, being the last move in the correction, the alternation between Wave 2 and 4 is likely to be skewed to the downside.
This means that we would see a large Wave 2 (of Wave 5) and a practically a non-existent Wave 4 which may be a quick sharp correction before the fifth-of-a-fifth wave finally completes.
This would give the impression that it was a real Wave 3 and that price would only continue to rocket to the moon for a long time.
We all know that it is unrealistic for price to simply move up in such a sharp manner for extended periods of time because they usually result in a buying climax.
They can be very profitable if you know when to get out of the trade.
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 - Commentary On The Current Waves...My latest thoughts on the current unfolding waves.
So far, we are still looking at a move higher based on what these waves appear to be doing.
Critical support remains at 23340.
I will provide an update later on today.
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 - Long Trade Opportunity...It seems like this short seemed too easy to book some profits, so I took them.
Here we are aiming for a potential long position if we see the level broken that indicates this potential.
You can see the full break down in the idea linked below in related ideas.
When things don't seem right and ideas spring to mind, it's time to take action.
I still think this is a bear market rally with some further upside potential.
Just remember to follow the ideas carefully and don't gamble.
ENTRY: 24,484
STOP: 23,870
TARGET: 30,826
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 - Could This Bear Market Rally Continue?????Yes that's 5 question marks for a potential Wave 5 still unfolding and Wave 3 possibly starting now.
The move down was too weak for my liking, and I am all about making money not being constantly right.
Here we talk about a new idea that's slowly being brewing since I noticed something peculiar across different charts when we topped.
Took some thinking but I think it's coming together even though it's against my previous ideas.
I think I got lucky here and I hate getting lucky, it means I may lose money.
Check this out and leave your comments if you support the continuation of this bear market rally.
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 - Another Pull Back? Watch for this...In this video I talk about the small degree pattern and Bitcoins tendency to pull back deep at the highs.
I believe it is wise to pay attention to the price action and identify trading opportunities no matter the timeframe.
Here we can see a Wave with a bit of weakness after a 5-Wave Move.
It might be nothing, but the bullishness may temporarily exert upward force on the market to psych people out once more.
I wouldn't put it past this Crypto as we have seen it time and time again.
In saying that, we also have a line in the sand to prove the idea wrong.
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 - 10K Target for Bitcoin...In this video I explain where we are and where we are going.
I highly recommend watching the Great Crypto Depression video linked down below in related ideas.
In that video I explain the entire pattern I am expecting from all-time highs right down to around the 3K levels.
In order to short this now you would need to place your stop at the highs $25,250 as this is the end of Wave 2.
If you are confident that the top is in shorting at market is advised.
If you are not %100 confident and you understand AriasWave a little bit, then you could short at 23,531.
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 Top is in, I Messed Up My Count Again.This video speaks for itself... I think the market needed to get everyone sucked into it so it could sell off like this.
I supposed that could in some way explain some of it because at the end of the day markets are all about fear and greed.
Greed is good but only when the time is right.
If you want to learn to do this yourself and save a bunch of pain, you know what to do.
Do you still think it's going up?
You never know it might reverse?
Just kidding.
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 - Commentary, Insight & Knowledge...We are getting closer and closer to the end of this madness.
I believe price will begin moving down in around an hour or two.
In this video I talk about the current setup and what I think it means.
I also go into some detail about other technical reasoning and what other people might be seeing.
I also attempted to play some devils advocate but once again could find no reasom to be bullish.
If the market proves me wrong I am going to have some trouble figuring this one out, so the wait continues.
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 Short Trade Insights, Analysis and Commentary...Did you short from the highs or did you succumb to the bullish correction?
The question you need to ask yourself is did you have any idea this was going to perform the reversal without breaking the highs?
I have maintained throughout that we have topped, and the waves don't lie.
Here I share with you why I maintained my bearish view and why it pays to learn the waves.
I told you to ignore the clowns because they are just indicators that prove the extreme levels of bullish sentiment.
They are modern versions of the shoeshine boy tale.
Price is driven by human emotions, fear and greed.
These corrective waves measure the sentiment and lead to a buying climax.
Check out all the related Bitcoin ideas 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 - THE GREAT CRYPTO DEPRESSION...If you believe the market create symmetrical patterns, I believe Bitcoin is creating one now.
A head and shoulders pattern that hasn't even finished creating the head let alone the right shoulder.
If you have ever seen a head and shoulders pattern you might understand how the market takes it's time to carve out this pattern.
If you do not believe that wave 2 is allowed to retrace 99% of Wave 1 then you just do not understand waves.
If you do not understand how waves themselves operate at a granular level, then what do you understand?
We are not just talking about hindsight; we are talking about forward looking analysis as a result of knowledge.
At the very least for the Wave Component that is currently unfolding.
Yes, I am talking about just one wave.
If you do not remember, I have mentioned time and time again that markets only produce two patterns.
5-Wave Moves and Zig-Zags which I call wave components.
Each correction contains a combination of these wave components in a very specific order which I call AriasWave.
When you are trading within a Zig-Zag that is very large and expanded then you have a wave similar to the great depression Wave A.
Bitcoin is currently producing a great depression Wave A Zig-Zag pattern. We all know what happened after that.
In fact, I will link a video down below that explains what happened in the Dow Jones from the Great Depression crash until now, down below.
If you want to know the very fine and complex details of how entire corrections are formed, I got your back.
Check out my profile for my contact details.
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 - Knowing The Waves Gives You Confidence...The current internal count remains exclusive to members only until we break: 23,540.
So far everything looks set for a move down to 10,000.
Resistance\Stop 1: 25.272
Resistance\Stop 2: 25,016
Entry: At market or at Confirmation of 23,540
Price didn't have to come back this far up but the bullish momentum has carried through.
At small degree Wave 2 looks complete and I do not expect another high to occur.
Knowing the waves gives you confidence to take the trade.
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 - Target 10K - Ignore the Clowns...This change of analysis is the best I have had so far, with a very quick response to a change of count I am still in profit.
In this video I explain what happened and why this pattern could not have been predicted earlier.
The complexities I have discovered simply astound me but no matter because the profits are rolling in.
In fact, this is even better than before because we have targets along the way to the bottom.
For now, we are trading Wave (C) of a Wave B zig-zag and our Target is 10K.
Hopefully you shorted when I posted the update.
More updates on the way shortly.
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...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 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 - Small Degree Wave Observations...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 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 - Part 2 - Small Degree Wave Observations...Just another quick follow up video correcting the count of the previous video.
I find it slightly amusing how the volatility started picking up not long after the previous video.
It looks like the move down is starting to take place.
We should start to see price fall dramatically very soon.
That first video is linked down below.
Correction: There was a news event and seems to be kicking things off.
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 - Yes I Am Shorting, Here's Why...In this video I go over the analysis again to solidify your understanding as to why I am shorting this now.
It's not really hard to explain when you understand the power of AriasWave.
The market has done us a massive favor by letting us short at these levels, we should be happy and grateful.
For those that have no idea what the marker is doing I suggest you learn the waves for your own peace of mind.
This is an amazing opportunity to build your capital in order to buy the underlying assets when we hit the lows because it will be too hard to trade.
There is always a way to take advantage of the moves happening right in front of you on your screen in the comfort of your own home.
Let's get to it and start making some outsized profits, now is your chance!
If you don't know how we got here, check out the related ideas 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 - Profits Booked - Time To Sell Short...Now that we have made some quick overnight profits, in line with my larger view it's time to sell.
We hit the target and the Sell Zone at the same time.
I expect a huge drop from here. I will post an update later today.
Entry: At market.
Stop: 25,270.
Target: TBA.
See below for the bigger picture video.
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 - Long Trade For Wave 5 Chart...Whether you believe there is one more move up or the beginning of a new trend this should work either way.
You can see the full breakdown for the trade idea in the video down in related ideas.
Entry: 22,317
Stop: 21,869 (or last low)
Target: 24,271 (Minimum expectation)
Risk Reward Ratio: 4.28
Critical resistance: 25,270
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 - Long Trade For Wave 5...The change of view has now happened due to very weak price action at the lows.
After adjusting the count for this Wave E, it's possible that we have one higher yet.
This view prepares us for 2 scenarios.
1: would be if we did happen to break critical resistance, we would already be long.
2. We have a small area at the highs that would be consider the sell zone if price stays under critical resistance.
As I always mention, if my view changes then I will post an update highlighting the more probably count.
If this idea is accurate enough, then we will create profits for the coming short position.
Alternatively, it can be used as a continuation trade if something changes.
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.***